UPDATE 1-Golf-Tiger's wife wins damages after nude pictures slur

(Adds source on size of damages in paragraphs 3 and 4)

By Paul Hoskins

DUBLIN, Dec 7 (Reuters) - An Irish magazine apologised to Tiger Woods's wife Elin Nordegren Woods on Friday and agreed to pay the former model "substantial" damages after it published fake nude pictures during the 2006 Ryder Cup at the K Club.

"The false and deeply offensive article in The Dubliner magazine, with the accompanying photograph of another woman wrongly claimed to be me, caused great personal distress to me and my family," Nordegren Woods said in a statement.

She did not disclose the scale of damages received in settlement of a libel action brought in November 2006 but a source who was in the court room said the magazine had agreed to pay 125,000 euros ($182,000) over two years.

If The Dubliner defaults on payment it will become liable for a further 125,000 euros plus costs, the source said.

Nordegren Woods said the money would be donated to cancer support charities in memory of Heather Clarke, the late wife of British golfer Darren Clarke.

The statement from Nordegren said Trevor White, publisher of The Dubliner, had apologised unreservedly for the article.

"The story was cheap, tasteless and deliberately offensive," it quoted White as saying in the magazine's apology.