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SBD/June 1, 2011/Labor and Agents
Tiger's Drop In Endorsement Income Led To Steinberg's IMG Departure
Published June 1, 2011
TIME TO BE CREATIVE: GOLF WORLD's Ron Sirak notes Steinberg "could land" at CAA Sports, which reportedly "wants to expand its effort in golf." Sources said that Steinberg "does not have a non-compete clause in his IMG contract that expires in June, which means he is free to go anywhere." Steinberg also represents Annika Sorenstam, and given his "experience and contacts, he would be an attractive acquisition for CAA, especially if he brings Woods (and Sorenstam) with him." CAA also "has the money to pay Steinberg what he feels he is worth, which he would not be guaranteed if he went off on his own and formed a company based around Woods." It is not clear if CAA "would hire Steinberg to run its golf division -- or if Steinberg would join CAA if not given overall authority" (GOLF WORLD, 6/6 issue).