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Reports explain Mark Steinberg, IMG split

Updated: June 2, 2011, 1:46 PM ET
By Bob Harig

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."

Neither Steinberg nor Woods has ...

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