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CNBC EXCLUSIVE: CNBC TRANSCRIPT: CNBC'S DARREN ROVELL SITS DOWN WITH TIGER WOODS TODAY ON CNBC

WHERE: CNBC'S "FAST MONEY HALFTIME REPORT"

WHEN: TODAY, MONDAY, NOVEMBER 21, 2011 AT 12:30PM ET

Following is the unofficial transcript of a CNBC EXCLUSIVE interview with CNBC's Darren Rovell and Tiger Woods today, November 21st on CNBC's "Fast Money Halftime Report." The full interview will air on "CNBC SportsBiz: Game On" this Friday, November 25th at 8pm ET/PT on VERSUS.

All references must be sourced to CNBC.

Tiger Woods' Sports Biz Strategy

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SCOTT WAPNER: TIGER WOODS GOT THE CLINCHING POINT FOR THE U.S. IN THIS WEEKEND'S PRESIDENT'S CUP IN AUSTRALIA. HE ALSO RECENTLY SCORED A BIG NEW ENDORSEMENT DEAL WITH A FAST GROWING COMPANY. TIGER MADE THE LONG TRIP HOME FROM DOWN UNDER TO TALK ABOUT IT EXCLUSIVELY WITH OUR DARREN ROVELL. THEY ARE LIVE IN HOBE SOUND, FLORIDA, WITH MORE AND DARREN A LITTLE BIT OF JET LAG MAYBE KICKING IN FOR TIGER BUT GOOD TO SEE HE'S WITH US TODAY.

DARREN ROVELL: YEH I CAN'T BELIEVE THE REAL TIGER IS SITTING NEXT TO ME GIVEN THE TRAVEL. AS YOU KNOW IT HASN'T BEEN THE EASIEST OF YEARS THE LAST TWO YEARS FOR TIGER. HE HASN'T WON OVER THAT PERIOD OF TIME. BUT CERTAINLY DOING VERY WELL IN AUSTRALIA AT THE AUSTRALIAN MASTERS. AS YOU MENTIONED THE PRESIDENT'S CUP. CORPORATE AMERICA OBVIOUSLY GETTING MORE AND MORE INVOLVED WITH TIGER AND JOINING ME IS TIGER WOODS AND ADAM ADLER OF FUSE SCIENCE AND FUSE SCIENCE WHICH WILL BE ON TIGER'S BAG STARTING AT THE CHEVRON NEXT WEEK. TIGER, OBVIOUSLY A DIFFICULT TWO YEARS FOR YOU. WHAT HAVE YOU LEARNED ABOUT LIFE, BUSINESS INTERESTS AND YOUR GOLF GAME?

TIGER WOODS: WELL GOLF WISE IT'S GOTTEN BETTER. I WENT THROUGH A PERIOD THERE WHERE I WAS STRUGGLING FOR A LITTLE BIT. I WAS HURT. WASN'T ABLE TO PRACTICE. WAS FINALLY ABLE TO TURN IT AROUND HERE WITH SEAN. THINGS ARE NOW STARTING TO PROGRESS. I PLAYED WELL IN AUSTRALIA. REALLY LOOKING FORWARD TO MY TOURNAMENT NEXT WEEK OUT THERE IN L.A. BUSINESSWISE, EVERYTHING'S BEEN GOOD. SO EXCITED TO BE PART OF FUSE AND WHAT THEY CAN DO FOR ME AS AN ATHLETE.

ROVELL: LIFE. HOW ABOUT LIFE FOR YOU?

TIGER WOODS: LIFE HAS BEEN GOOD. GOT MY KIDS. MY KIDS ARE DOING JUST GREAT. ACTUALLY TONIGHT I HAVE TO TAKE SAM TO BALLET AND DANCE. THAT'S JUST ONE OF THE GREAT THINGS ABOUT LIFE.

ROVELL: YOUR GAME. YOU'VE ALWAYS TALKED ABOUT AT LEAST OVER THE LAST TWO YEARS AS A PROCESS. WHERE ARE YOU IN THAT PROCESS?

TIGER WOODS: STILL DEVELOPING, STILL LEARNING. THE THINGS I HAVE BEEN WORKING ON WITH SEAN, I FEEL I HAVE BEEN ABLE TO IMPLEMENT EVERYTHING NOW ONTO THE GOLF COURSE IN A TOURNAMENT SITUATION. I WAS ABLE TO HIT THE BALL -- THE WAY I HIT THE BALL IN AUSTRALIA IS HOW I WAS HITTING IT AT HOME BUT I HADN'T TAKEN IT TO THE GOLF COURSE YET. IT'S FUN TO ACTUALLY BE ABLE TO HIT THE BALL LIKE THAT IN A TOURNAMENT SITUATION UNDER PRESSURE. JUST LIKE I HAVE BEEN HITTING IT HERE WITH MY BOYS. AS YOU KNOW, THE TRANSITION IS DIFFICULT. I FINALLY GOT MYSELF TO THAT POINT.

ROVELL: YOU MENTIONED THE PRESSURE. WHERE IS THE INTENSITY OF THE PRESSURE COMING FROM? IS IT TO WIN? IS IT WITHIN YOURSELF? IS IT THE FANS, THE MEDIA, THE SPONSORS.

TIGER WOODS: NO. IT'S ALWAYS INTERNAL. ALWAYS INTERNAL.

ROVELL: REALLY?

TIGER WOODS: ALWAYS. GETTING THE W'S HAS ALWAYS BEEN --

ROVELL: NIKE'S NOT CALLING YOU UP "YOU'VE GOT TO WIN FOR US"

TIGER WOODS: NO THEY NEVER HAVE. THAT'S NOT WHY I PLAY. I PLAY FOR MYSELF AND I PLAY JUST FOR THE GRATIFICATION OF GOING OUT THERE AND WINNING. IT'S JUST SO MUCH FUN TO BE IN THE HUNT. AND TO SEE WHAT I'VE GOT. THEN WHEN -- OBVIOUSLY WE LOSE MORE THAN WE WIN. SO YOU CAN ALWAYS GO BACK AND LEARN FROM IT AND APPLY IT. WHEN YOU WIN, WHY DID I WIN? GO AHEAD AND TEAR IT APART AND FIGURE OUT WHY YOU DID THAT.

ROVELL: ADAM, YOU'RE STARTING OUT THIS COMPANY. YOU HAVE ARIAN FOSTER, RONDE BARBER, WHY TIGER? WHY IS TIGER THE IMPORTANT PERSON FOR THIS BRAND FOR YOU?

ADAM ADLER :AS THE CEO OF A PUBLICLY TRADED COMPANY IT'S MY RESPONSIBILITY TO SHAREHOLDERS TO REALLY BRING DROPS TECHNOLOGY GLOBAL. AND WHAT IS BETTER THAN THAT THAN BY PARTNERING WITH THE MOST GLOBAL ICONIC ATHLETE ON THE PLANET. TIGER HAS REALLY REVOLUTIONIZED THE GAME OF GOLF AND TOGETHER WE'RE GOING TO REVOLUTIONIZE THE WAY CONSUMERS RECEIVE MEDICINE, VITAMINS, ELECTROLYTES AND NUTRIENTS.

ROVELL: TIGER, YOU HAVE THE EA DEAL, THE NIKE DEAL, ROLEX CAME ABOARD WITH YOU AGAIN WHICH WAS PART OF YOUR EARLY CAREER. FROM THE SPONSORSHIP STANDPOINT, HOW ARE YOU BECOMING A BETTER ENDORSER? IS IT DIFFERENT AT ALL FROM WHAT IT WAS IN THE PAST?

TIGER WOODS: NO. IT'S STILL THE SAME. I'M LUCKY TO HAVE BEEN ABLE TO REPRESENT DIFFERENT COMPANIES OVER MY CAREER. IT'S MORE OF A PARTNERSHIP. I WANT TO GET TO KNOW THE COMPANY. GET TO KNOW WHAT THEY WANT. HOW I CAN HELP THEM. AND IN TURN WE PARTNER TOGETHER AND TRY TO MAKE THEIR PRODUCT OR BRAND BETTER. THAT'S THE WHOLE IDEA. THE RELATIONSHIPS I HAVE BEEN ABLE TO DEVELOP OVER THE YEARS HAVE BEEN FANTASTIC.

ROVELL: THIS IS AN EQUITY DEAL MORE THAN THE STANDARD ENDORSEMENT DEAL. WOULD YOU HAVE DONE A DEAL WITH A NEWCOMER TWO OR THREE YEARS AGO LIKE THIS?

TIGER WOODS: ABSOLUTELY. TECHNOLOGY LIKE THIS, NO DOUBT. TO BE A PART OF A COMPANY LIKE FUSE AND TO KNOW WHAT THEY HAVE TO OFFER TO NOT ONLY MYSELF BUT TO THE GENERAL POPULOUS AND WHAT THIS TECHNOLOGY CAN DO FOR EVERYONE IS EXCITING TO BE ON THE GROUNDBREAKING OF THIS AND GROUND FLOOR AND GET EVERYTHING STARTED.

ROVELL: HOW DO YOU THINK THE PUBLIC PERCEIVES BRAND TIGER TODAY?

TIGER WOODS: I THINK YOU HAVE TO ASK THEM. FROM WHAT I HAVE HEARD FROM THE FANS IT'S BEEN FANTASTIC. THEY HAVE BEEN EXTREMELY SUPPORTIVE. THEY HAVE ALWAYS BEEN BY MY SIDE EVER SINCE I TURNED PRO. SO FROM THAT STANDPOINT, IT'S BEEN WONDERFUL.

ROVELL: 50 IN THE WORLD RIGHT NOW. I KNOW ADAM, FUSE SCIENCE AND ALL YOUR SPONSORS WOULD LIKE TO SEE YOU GET BACK TO NUMBER ONE. ARE YOU CONFIDENT THAT IT WILL HAPPEN ONE DAY?

TIGER WOODS: IT'S A PROCESS. I'M STARTING TO PLAY BETTER NOW. I FINISHED THIRD IN THE AUSTRALIAN OPEN AND OBVIOUSLY LAST WEEK DIDN'T COUNT AS FAR AS POINTS OR ANYTHING BUT I PLAYED EVEN BETTER. SO IT'S JUST A MATTER OF PUTTING IT TOGETHER OVER A LONGER PERIOD OF TIME. PLAYING MY TOURNAMENT NEXT WEEK HAS MORE RANKING POINTS. SO IF I PLAY WELL I'LL BE ABLE TO START CLIMBING. GOING INTO NEXT YEAR, AND OBVIOUSLY PLAY WELL IN ALL THE BIG EVENTS AND MAJOR CHAMPIONSHIPS.

ROVELL: TIGER WOODS, ADAM ADLER. GUYS, BACK TO YOU.

SCOTT WAPNER: ALL RIGHT, DARREN. THANKS SO MUCH. A QUICK PROGRAMMING NOTE. OF COURSE YOU CAN CATCH THE FULL INTERVIEW WITH TIGER WOODS AND DARREN ROVELL ON "CNBC SPORTSBIZ: GAME ON" THIS FRIDAY 8:00 P.M. EASTERN ON THE VERSUS NETWORK.

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