Looping In SQL 2000 (Can It Be A Nested Loop)

I have to automate a process that assigns sales leads to sales people.

For example:
Every day we buy a list of sales leads, it ranges in size from 50 -
100 records.
We have a team of sales people that also can range from 5 - 8 people.

I need to take the new records and divide them evenly among the sales
people.

If i get 50 records, and have 5 sales people, then each sales person
gets 10 leads.
--
So, im guessing that I may need to have a nested loop inside this. I
have tried it several different ways, but cant seem to get it quite
right.

DECLARE @TotalRecordCount int, @TotalSalesPeopleCount int,
@AmountForEach int, @LooperSalesPeoplerecords int,
@LooperNewSalesLeadsRecords int, @SalesPersonID int

SELECT @TotalSalesPeopleCount = COUNT(UserId)
FROM SalesPeople
WHERE Active = 1
--
SELECT @TotalRecordCount = COUNT(*)
FROM NewSalesLeads
--
SELECT @AmountForEach = (@TotalRecordCount/@TotalSalesPeopleCount)
--
SELECT @LooperSalesPeoplerecords = 1
SELECT @LooperNewSalesLeadsRecords = 1
--
WHILE @LooperSalesPeoplerecords <= @TotalSalesPeopleCount
BEGIN
WHILE @LooperNewSalesLeadsRecords <= @TotalRecordCount
BEGIN
SELECT @SalesPersonID = (SELECT UserID
FROM SalesPeople
WHERE UniqueId = @LooperSalesPeoplerecords)

SELECT @LooperSalesPeoplerecords =
(@LooperSalesPeoplerecords + 1)

UPDATE SalesLeads
SET SalesPerson_ID = @SalesPersonID
WHERE UNIQUEID = @LooperSalesPeoplerecords

SELECT @LooperSalesPeoplerecords =
(@LooperSalesPeoplerecords + 1)
END
END

----
Table structures

CREATE TABLE [dbo].[SalesPeople] (
[SalesPerson_ID] [int] NOT NULL ,
[FirstName] [varchar](20)NOT NULL
) ON [PRIMARY]
--
INSERT INTO SalesPeople (SalesPerson_ID,FirstName) VALUES (26, 'Bill')
INSERT INTO SalesPeople (SalesPerson_ID,FirstName) VALUES (28, 'Bob')
INSERT INTO SalesPeople (SalesPerson_ID,FirstName) VALUES (37,
'Chris')
------------------------------------------------
CREATE TABLE [dbo].[SalesLeads] (
[SalesLeadID] [int]NOT NULL ,
[SalesPerson_ID] [int]NOT NULL
) ON [PRIMARY]
--
INSERT INTO SalesLeads (SalesLeadID,SalesPerson_ID) VALUES (1001,0)
INSERT INTO SalesLeads (SalesLeadID,SalesPerson_ID) VALUES (1002,0)
INSERT INTO SalesLeads (SalesLeadID,SalesPerson_ID) VALUES (1003,0)
INSERT INTO SalesLeads (SalesLeadID,SalesPerson_ID) VALUES (1004,0)
INSERT INTO SalesLeads (SalesLeadID,SalesPerson_ID) VALUES (1005,0)
INSERT INTO SalesLeads (SalesLeadID,SalesPerson_ID) VALUES (1006,0)
------------------------------------------------

So in this case, all 3 salespeople should receive 2 salesleads each.

I dummied this down quite a bit. It actually ends up being more like
15 sales people, and about 400,000 sales leads. But it should work on
any level.

Thanks for any help you might shed on this.