Source: Steinberg too expensive for IMG

By Randall MellJune 2, 2011, 2:53 pm

While we’re still waiting to hear what the future holds for Mark Steinberg and his star client since Steinberg's split with IMG became news, speculation on the exact nature of the split escalates with a pair of media reports.

SportsBusiness Journal is citing sources saying Steinberg became “too expensive to keep” with a decline in Tiger Woods’ endorsement income adding to the “general decline in golf profits” at IMG. 

The New York Post goes a step further, reporting that Steinberg was “dismissed” from IMG with the company opting not to renew his contract, which expires this month.

Neither Steinberg nor Woods have yet addressed the issue.

According to SBJ sources, IMG’s golf division cleared $28 million in profits in 2007 with Woods responsible for generating more than $7 million of that. After the Woods scandal, IMG's golf profits dropped to $15 million in 2010 with Woods bringing in $1.1 million of that, SBJ reported.

The publication also cited industry sources saying Steinberg would have made $3 million in salary and bonuses this year, “significantly more than the fees Woods would have generated.”

Whether Steinberg starts his own venture, or joins a new firm, like Creative Arts Agency, it will be an upset if Woods doesn’t join him. Their relationship appeared to be strong through the worst of Woods’ troubles.

Paul Swangard of Warsaw Sports Marketing Center at the University of Oregon told that while Woods is a 'distressed product,' he's still a 'premium brand,' but a brand that depends on winning.'The core brands maintaining associations with Tiger, led by Nike, are dependent on his ability to be a good golfer,' Swangard said. 'If Tiger isn’t the player he was, there’s clear risk in that.” 

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PGA Tour, LPGA react to video review rules changes

By Golf Channel DigitalDecember 11, 2017, 1:32 pm

The USGA and R&A announced on Monday updates to the Rules of Golf, including no longer accepting call-ins relating to violations. The PGA Tour and LPGA, which were both part of a working group of entities who voted on the changes, issued the following statements:

PGA Tour:

The PGA Tour has worked closely with the USGA and R&A on this issue in recent years, and today's announcement is another positive step to ensure the Rules of Golf align with how the game is presented and viewed globally. The PGA Tour will adopt the new Local Rule beginning January 1, 2018 and evolve our protocols for reviewing video evidence as outlined.


We are encouraged by the willingness of the governing bodies to fully vet the issues and implement real change at a pace much quicker than the sport has seen previously. These new adaptations, coupled with changes announced earlier this year, are true and meaningful advances for the game. The LPGA plans to adopt fully the protocols and new Local Rule as outlined.

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Sharma closes on Monday, wins Joburg Open

By Associated PressDecember 11, 2017, 12:43 pm

JOHANNESBURG – Shubhankar Sharma won his first European Tour title by a shooting 3-under 69 Monday in the final round of the weather-delayed Joburg Open.

The 21-year-old Indian resumed his round on the eighth green after play was halted early Sunday afternoon because of storms. He parred that hole, birdied No. 9 and made par on every hole on the back nine.

Full-field scores from the Joburg Open

Sharma finished at 23-under 264, three strokes ahead of the pack, and qualified for next year's British Open, too.

''I actually wasn't going to come here about a week ago ... so I'm really happy that I came,'' said Sharma, who shot 61 in the second round. ''I don't think I'm ever going forget my first time in South Africa.''

Erik van Rooyen (66) was second, three strokes ahead of Shaun Norris (65) and Tapio Pulkkanen (68).

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Newsmakers of the Year: Top 10 in 2017

By Golf Channel DigitalDecember 11, 2017, 12:30 pm
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Sharma among three Open qualifiers at Joburg Open

By Will GrayDecember 11, 2017, 12:16 pm

Shubhankar Sharma earned his first career European Tour win at the rain-delayed Joburg Open and punched his ticket to The Open in the process.

Sharma returned to Randpark Golf Club Monday morning after storms washed out much of the scheduled final day of play. Beginning the re-start with a four-shot lead, he hung on to win by three over South Africa's Erik Van Rooyen.

Both men can make travel plans for Carnoustie next summer, as this was the second event in the Open Qualifying Series with three spots available for players not otherwise exempt who finished inside the top 10. The final spot went to Shaun Norris, who tied for third with Finland's Tapio Pulkkanen but had a higher world ranking (No. 192) than Pulkkanen (No. 197) entering the week.

The Joburg Open was the final official European Tour event of the year. The next tournament in the Open Qualifying Series will be the SMBC Singapore Open in January, where four spots at Carnoustie will be up for grabs.