Tiger Woods Paid Rachel Uchitel $10 Million For Her Silence (wasted money)  

It was a given when Rachel Uchitel hired Gloria Allred the moment the Tiger Woods affair story came out, that the former night-club manager  was looking to get paid, big time. And when a press conference that Allred scheduled was canceled a few days later, speculation was Tiger’s people had paid Uchitel, somewhere in the neighborhood of  $2 million for her golden silence.  Not a bad payoff indeed but apparently vastly understated.  TMZ sources now say Tiger was so concerned with the depth and detail of information from Uchitel that they “folded like a cheap suit” right off the bat.
Tiger’s team made a bold offer of $10 million in return for an ironclad confidentiality agreement before she could expose any details that could ruin him.
The actual settlement could fluctuate $1 million either way, depending on future circumstances, but the baseline for Rachel to keep quiet is eight figures.  The strategy of course did buy Uchitel’s silence but failed to account for the 14 or so other women that were set to come out of the woodwork, which ultimately turned the initial story, into the full blown scandal Tiger’s team was trying to avoid.  So I would consider that $10 million as poorly spent.