Advertisement
Advertisement
Boxingscene.com

Gamboa, Top Rank Settle Dispute; Agree To Part Ways

By Rick Reeno

Multiple sources have confirmed to BoxingScene.com that former champion Yuriorkis Gamboa (21-0, 16KOs), and Las Vegas based promotional firm Top Rank, have settled their legal dispute.

In March, Top Rank filed a federal lawsuit in the state of Nevada against Gamboa. The promotional company was seeking to recover damages due to an alleged "breach of contract" by Gamboa.Gamboa, moving up by two weight divisions, was scheduled to fight Brandon Rios (29-0-1, 22KOs) in an HBO televised main event on April 14th at the Mandalay Bay in Las Vegas. However, Gamboa no-showed press conferences in Miami and Los Angeles - and he refused to move forward with the fight, citing differences with his promoters Top Rank and Ahmet Oner of Arena Box.

As a result of Gamboa's position, a deal was finalized for Rios to face WBA interim-lightweight champion Richard Abril (17-2-1, 8KOs). According to Top Rank's legal papers, they satisfied several of Gamboa's demands - including monetary advances totaling $70,000, the scheduling of a press conference in his hometown of Miami, and agreeing to provide the Cuban boxer with four times his contract minimum to fight Rios.

Earlier today, Top Rank filed a stipulation to dismiss the case against Gamboa. According to the lawyers for both sides, a "satisfactory" resolution was reached. However, there is a confidentiality agreement and because of that neither side is disclosing the terms of the settlement.

The big question is Gamboa's contractual status. According to various sources with knowledge of the details, Gamboa and Top Rank have agreed to go their separate ways. Reportedly, Gamboa bought out his contract for an undisclosed sum but I've heard from sources connected with the fighter that it didn't come cheap. 

Based on Gamboa's close relationship with Floyd Mayweather Jr., I would expect him to sign a contract with Mayweather Promotions.

Nothing has been officially confirmed with Top Rank or Gamboa. But, BoxingScene was told that Top Rank will make an official statement regarding Gamboa on Friday.

User Comments and Feedback (Register For Free To Comment) Comment by gmc_rfc_06 on 07-20-2012

[QUOTE=Cazadores;12355940]He's improved quite a bit since then. That was Gamboa's latest fight. Not a fight that took place when he was 21 years old. Salido and Solis are ok wins. Ya I agree with you that it's better then Broners…

Comment by Cazadores on 07-20-2012

[QUOTE=gmc_rfc_06;12355935]Salido and Solis are very good wins, far better than anything Broner has done. Gamboa also won every round against Ponce, a guy who Broner went life and death with (many thinking he lost). Being bigger means little, he was…

Comment by gmc_rfc_06 on 07-20-2012

[QUOTE=Cazadores;12355923]Gamboa hasn't beat anyone either. Broner is much bigger then Gamboa.[/QUOTE] Salido and Solis are very good wins, far better than anything Broner has done. Gamboa also won every round against Ponce, a guy who Broner went life and death…

Comment by Cazadores on 07-20-2012

[QUOTE=gmc_rfc_06;12355890]They aren't going to put Broner in with Gamboa anytime soon. Broner has been feasting on small guys with very little chance so far, they wont go from those type of opponents to someone like Gamboa. Broner has always had…

Comment by zab191 on 07-20-2012

Gamboa v Marquez. FOTY

Post a Comment - View More User Comments (112)
Top Headlines Team Horn Embrace Fighting Terence Crawford at MSG in April Fortuna: No Excuses From Easter - The IBF Belt Will Come To DR Trainer: Spence is Hardest Puncher I've Seen - Breaks Faces, Ribs! Mijares Reacts To Berchelt, May Face Papito Vazquez on March 17 Loeffler Explains The Recent Flexibility in 'SuperFly' Concept Photos: Kiram, Gesta Training Hard For Matthysse, Linares Roach: I Love Pacquiao-Lomachenko; Crawford Too Big, Young! Donnie Nietes vs. Juan Carlos Reveco Added To Superfly 2 NSAC Suspends Ogawa for Failed PED Test, Farmer Result in Doubt Yordenis Ugas vs. Ray Robinson Moves To Garcia-Rios Card Photos: Robert Easter, Javier Fortuna - Face To Face at Presser Photos: Spence, Peterson - Face To Face at Final Presser Spence: I Want To Clean Out 147, Be The Last Man Standing! Price Details How He Badly Drilled Anthony Joshua in Sparring Whyte: Getting Wilder's WBC Belt Makes Joshua Rematch Bigger! Tyson Fury Offers To Be Parker's Sparring Partner For Joshua Fight Frank Buglioni vs. Callum Johnson Added To Whyte vs. Browne News: Beltran-Moses Update, Eddie Ortiz, LaManna-Bracero Photos: Dillian Whyte, Lucas Browne - Heated Face To Face Josh Taylor vs. Humberto Soto Set For March 3, Glasgow Whyte: Browne Old & Slow; He Has No Way of Stopping Me DiBella: There's No Way Easter-Fortuna Will Be a Boring Fight Jamal James is Open To Facing Amir Khan in Comeback Fight DiBella: If Spence Dominates Peterson, There With Crawford, Loma Frampton: Warren Wants Donaire Fight To Be a WBO Eliminator Cheeseman: Carson Jones Getting Older, I'll Stop Him Late Knockout CP Freshmart vs. Landero in WBA Title Clash, March 6 Hearn: Joshua-Povetkin Happens in UK, We Won't Go To Russia Arum: Pacquiao, Crawford-Horn Double Would Be ESPN PPV Joshua Promoter: We Want Wilder By Year's End - Even in U.S. Evander Holyfield Enters The World of Cryptocurrency The Road to Keith Thurman-Errol Spence Begins (! Or ?) Angulo Very Angry With Chavez Jr. For Delaying Their Fight Jorge Linares Very Willing To Face Lomachenko or Garcia Next Arum Reacts To The Chatter of a Pacquiao vs. Lomachenko Bout Terence Crawford vs. Jeff Horn Heading To MSG on April 14? Photos: Gilberto Ramirez Training in Beast Mode For Ahmed Lomachenko's Manager: Pacquiao is Old, No Gain in Beating Him Photos: Lamont Peterson, Robert Easter, Browne Workouts David Kaminsky, 17-Year-Old Israeli Prospect, Joins Top Rank
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement