CAA Sports co-Heads Michael Levine and Howard Nuchow “quietly in the last few months signed new five-year employment contracts to continue to guide and build” CAA’s sports division, according to sources cited by Liz Mullen of the SPORTSBUSINESS JOURNAL. Levine and Nuchow “were two of the principals hired to run” CAA Sports in '07, and sources said that their “original employment agreements were four-year deals.” Terms of the contracts “were not known” and CAA officials “declined to comment.” Since launching in April '06, CAA Sports “has become a powerhouse in the American sports talent representation business,” but Levine and Nuchow’s jobs “go beyond talent representation.” Under their leadership, CAA Sports “has built a national sales team” that includes clients such as Madison Square Garden and the Yankees. In addition, CAA Sports was recently hired by the 49ers to “sell naming rights for the team’s new stadium.” The group has also “established a sports consulting division and counts RBS, the PGA Tour and the University of Colorado as consulting clients” (SPORTSBUSINESS JOURNAL, 6/20 issue).
