Speaking ahead of the Hero World Challenge in the Bahamas, Woods described McIlroy as a "great leader" for his role involving the significant changes that were made to the PGA Tour for the 2023 season.
The pair have been vital in masterminding a revamped schedule which aimed to secure the futures of the best players in the world with increased prize purses and more rewards for the most recognisable players, using initiatives such as the Player Impact Program and a minimum earnings base.
Related: Tiger calls on Norman to quit
Woods revealed there's never been more openness to communicate with Tour commissioner Jay Monahan. The 46-year-old also admitted the Tour can't financially compete with the LIV Golf Series and the Public Investment Fund, something Monahan has also previously stated in public.
Since the first LIV Golf event was played at the beginning of June, McIlroy has juggled diplomatic and playing duties to perfection. He's won the CJ Cup, the RBC Canadian Open and the Tour Championship since the inception of LIV and this is what impresses Woods the most.
Tiger told the media:
Woods agreed with McIlroy's comments from the DP World Tour Championship which called for Greg Norman to step aside from his role as CEO of LIV Golf.
The Northern Irishman and the Australian became verbal sparring partners in 2022, most significantly when McIlroy surpassed Norman's PGA Tour trophy tally in Canada in June.
In terms of leadership, Woods doesn't believe the LIV Golf Series and the PGA Tour can co-exist with the two-time Open champion in his current position with the Saudi-financed league.
The host of this week's limited-field event announced on Monday that he can no longer play in Albany due to developing plantar fasciitis in his right foot. Woods still plans on playing in The Match - which Phil Mickelson has been booted out of - and the PNC Championship in December.