How Much Does Tiger Woods’ Agent Earn in a Year?

Over the last two decades, Tiger Woods has emerged as the richest athlete in the world. One could also say he is also the most successful golfer, a result of all his endorsements and investments. Consequently, Woods’ agent Mark Steinberg has found himself to be one of the most powerful agents out there.

Along with Woods, Steinberg also works with Justin Rose and Justin Thomas.

How much does Tiger Woods’ agent earn?

As per some Forbes, Steinberg earned $20.2 million from commissions in 2020.

In comparison, the average earnings of a PGA Tour player in 2021 were $1,485,055. Steinberg really does have healthy annual earnings!

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Considering his impressive client list, Steinberg earns enough simply through his commissions. Furthermore, he was ranked 42nd on Forbes’ Sports Agents 2020 list. What made it special was that Steinberg was the only PGA Tour-related agent who made it on the list.

Additionally, the $20 million mark is only for commissions. Steinberg’s actual income would be difficult to calculate, considering he could have other modes of income. He also has around 35 clients, who have contracts worth $101.2 million.

It is noteworthy that in golf; the agent earns commissions via the marketing money made, and not the on-course earnings. Any agent takes home 20%, which solely depends on how the player does. This means that even if a player does not win, the agent can earn more on the basis of their endorsement deals away from the course.

Steinberg and Excel Sports Management

Along with being Woods’ manager, Steinberg and Woods both joined Excel Sports in 2011. Today, it is apparently the world’s third most valuable agency. Steinberg is a partner with the management company, making it another prominent source of his income.

That being said, Steinberg and Woods started working together in 1998. Woods was looking for a new agent and met Steinberg when he needed him. They hit it off immediately, and have stuck together since then.

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Looking at Steinberg’s journey with Woods, one cannot deny that both individuals have benefitted from their arrangement. Of course, they even share a good rapport with each other.

Having said that, newer numbers for Steinberg’s income are unavailable. With 2022 already having started, one can assume that his income has only increased over the years.