Saying he wants to be in control of his own destiny, superagent Arn Tellem has cut his ties with SFX Sports.

"We've done very well and I have no regrets," said Tellem, who resigned from his role as chief executive. "But I think we have a unique opportunity to have a sports agency which will endure for many more years."

Tellem said that, within the next two months, he expects to announce an alliance with a global company whose main business is in sports.

The move comes a year after Tellem signed a new deal with the SFX Sports. Tellem sold his Tellem & Associates practice to the entertainment giant in 2000 for a reported $25 million. As part of the deal, Tellem had an option to buy out his more than 100 players, as long as he did it by this Friday.

Tellem says he'll take all his clients with him after exercising that option for an undisclosed amount.

Tellum's clients include NBA players Tracy McGrady, Kobe Bryant, Jermaine O'Neal and Pau Gasol. His baseball clients include Jason Giambi, Hideki Matsui, Nomar Garciaparra and Barry Zito, among others. Tellem said he will take the group of five agents he oversees with him as well.