Donaire vs. Mares: Full Contract Details Are Revealed
by Rick Reeno
BoxingScene.com has obtained a copy of the contract that Golden Boy Promotions issued last Friday to Top Rank - offering $3 million dollars for the services of WBO super bantamweight champion Nonito Donaire (31-1, 20KOs). Last week, Golden Boy CEO Richard Schaefer created a wave of headlines when he exclusively advised BoxingScene that he was willing to offer Top Rank a sum of $3 million dollars to secure Donaire for a mega-super bantamweight unification with WBO king Abner Mares (25-0, 13KOs), who Golden Boy promotes.
Golden Boy issued the contract to Top Rank's legal counsel David Moroso, a senior attorney with the Los Angeles-based O'Melveny and Myers.
There have been ongoing discussions between Top Rank's CEO Bob Arum, and Mares' manager Frank Espinoza, but Schaefer wasn't happy with the financial offers being presented for the services of Mares. Arum wants to do the fight, but he doesn't want to take part in a straight co-promotion with Golden Boy.
On Tuesday morning, a report on BoxingScene indicating that a deal was nearly complete for a super bantamweight unification between Donaire and WBA champion Guillermo Rigondeaux. Top Rank promotes both champions and intends to stage the fight on an HBO televised date of April 13th.
Schaefer has no problem with Top Rank's decision to make Donaire vs. Rigondeaux, but he does take offense to some of the information being circulated - which claims Golden Boy never sent a legitimate contract which outlined the details of a Donaire vs. Mares promotion. Schaefer/Mares had already reached an agreement on the terms and the contract issued to Top Rank was fully executed by Golden Boy's side, which in turn binds them to the agreement.
"Donaire stating that this is not a contract is wrong. If he does not want to fight Mares then just say it, if Arum does not want to work with Golden Boy then just say it, if Donaire is not his own boss and can not fight who he wants then just say it. But they should stop making excuses," Schaefer told BoxingScene.com.
FULL CONTRACT AND TERMS
[QUOTE=edgarg;12974201]And there are a hell of a lot of them, all dripping venom on the old guy. It shows how limited their comprehension is. They "know" what they "know" even if they know it's all boloney..... ignorant and bigoted. You'd…Comment by edgarg on 01-30-2013
[QUOTE=v.cassiusali@ya;12971968]no person in his right mind would accept that one-sided contract...and to think that arum is a lawyer, that contract is a diminution of his capacity as a lawyer and as a promoter...arum is right and dunkin is right, that…Comment by fernie6602 on 01-30-2013
[QUOTE=komandante;12972745]Donaire is worth far more than 3 million specially if GBP wants to promote it themselves. You can give that to Mares sorry no deal. :purity:[/QUOTE] How so? Donaire biggest purse was his last fight against Arce for 1 million.…Comment by komandante on 01-30-2013
Donaire is worth far more than 3 million specially if GBP wants to promote it themselves. You can give that to Mares sorry no deal. :purity:Comment by ShoulderRoll on 01-30-2013
[QUOTE=v.cassiusali@ya;12971968]no person in his right mind would accept that one-sided contract...those who made negative comments on top rank don't know what they are talking...[/QUOTE] You don't think GBP's offer is any good? Then what do you have to say about…Post a Comment/View More User Comments (196)