CAA Acquires Kauffman Sports As Agency Continues To Expand
CAA said that its sports division has "acquired" Kauffman Sports Management Group, an L.A.-based firm that represents NBA execs, as well as NBA and NCAA basketball coaches, according to Wendy Lee of the L.A. TIMES. The move comes as agencies "look to diversify their businesses by expanding their rosters into areas such as sports and music." Under the deal, Kauffman Sports Managing Partner Spencer Breecker will "become CAA Sports' head of basketball coaches and executives division." Kauffman Sports Founder & President Steve Kauffman will be in an "advisory role" at CAA Sports. CAA has been "bulking up." Last year, the agency acquired Base Soccer Agency, a London-based firm that "represents soccer players, coaches and managers." It also has had "exploratory conversations" to buy Paradigm Talent Agency. However, Paradigm Chair & CEO Sam Gores said that his agency is "not up for sale" (L.A. TIMES, 2/4).