Tiger Wood’s agent was fired!!
It was widely speculated that Tiger Woods’ longtime manager, Mark Steinberg, was leaving IMG to start his own company.
Now, the New York Post is reporting that his longtime sports agent has been fired from IMG, citing sources.
Mark Steinberg was reportedly let go after Teddy Forstmann, who runs the sports agency, declined to renew his contact, which is set to expire June 30.
Steinberg had been with the sports agency since 1992 and began working with the pro golfer six years later.
According to a Post source, Steinberg was “fired for poor performance.” He is said to have been making about $3 million a year but generated only $1 million in review last year.
IMG reportedly wants to keep Woods on its client roster, but Post sources said it’s likely he’ll follow his longtime agent.
Mark Steinberg parted ways with IMG last week because the decline in top client Tiger Woods’ endorsement income did not produce enough income for the agency to cover the agent’s salary.
Both the Sports Business Journal and New York Post cited sources in coming up with figures that suggest the commissions IMG received from Woods had fallen to a level lower than Steinberg’s compensation making him “too expensive to keep.”
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Neither Steinberg nor Woods has commented since the announcement on May 24 that Steinberg, who headed up the company’s golf division, would be leaving IMG. Earlier that day, Woods had pledged his allegiance to both, saying at AT&T National media day that he was “very happy with both.”
That was before the announcement of Steinberg’s departure, in which it was disclosed that the two sides could not agree on contract terms.