from www.suntimes.com – The continuing revelations of alleged Tiger Woods infidelities has placed the golfing megastar’s management team in what one insider called “panic mode” early Wednesday morning.

Despite the release of photographs of Woods looking a bit too friendly with a woman in a Las Vegas nightclub, and a recording — allegedly of a phone call Woods made to former “Tool Academy” reality show alum Jaimee Grubbs — the Woods source insists “Tiger still believes stonewalling the press on this is the best approach.”

Woods did, however, issue a statement Wednesday morning on his Web site, saying “I haven’t been true to my values” and “I have let my family down and I regret those transgressions with all of my heart,” he said.

• Also, don’t look for Woods’ wife, Elin, to be moving out of the couple’s Windermere, FL., mansion anytime soon. The links legend’s spouse is reportedly being paid a hefty seven-figure amount — immediately transfered into an account she alone controls — to stick with her husband.

On top of that, my source indicated Elin Nordegren Woods, the mother of Tiger’s two children, has demanded — and is getting — a total rewrite on the couple’s prenuptial agreement making the incentives for her to remain Mrs. Tiger Woods even more enticing.

At this point, the couple needed to remain married for 10 years in order for Woods’ wife to collect a splitsville settlement of $20 million. I’m being told that time frame has been shortened — and the dollar amount increased “substantially.”

• Perhaps most important of all, the Woodses have already begun intense marriage counseling — at their home — with a counselor who has been conducting sessions several times daily.