In an offseason that could, and perhaps should, feature an effort to upgrade the contract of Chiefs quarterback Patrick Mahomes to better reflect the market and the salary cap, his agents have gone their separate ways.
Liz Mullen of Sports Business Journal reports that Leigh Steinberg and Chris Cabott will part company. Cabbott, who had been the CEO of Steinberg Sports & Entertainment, will launch Equity Sports.
“Steinberg Sports has existed since 1975 and will continue to flourish,” Steinberg said in a telephone interview with Mullen. “We wish Chris the best and thank him for 10 years of diligent service,” he said.
Steinberg and Cabbott are the designated agents on the Mahomes contract. They will continue to jointly represent Mahomes.
“Today’s announcement marks the culmination of a process started two years ago, when the Yucaipa Companies purchased an equity stake in SSE and SSE’s legendary founder Leigh Steinberg started his company, Steinberg Speaks,” Cabbott said in a statement issued to Mullen. “We wish Leigh the best with his continued endeavors outside of the agency and are excited for the future of Equity Sports.”