Advertisement
Advertisement
Boxingscene.com

Golden Boy Sends Donaire-Mares Contract For $3 Million

by Rick Reeno

Golden Boy Promotions CEO Richard Schaefer has advised BoxingScene.com that a contract offering $3 million dollars for the services of Nonito Donaire (31-1, 20KOs) has been issued to Top Rank's legal counsel David Moroso, a senior attorney with the Los Angeles-based O'Melveny and Myers.

Two days ago, 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 Abner Mares (25-0, 13KOs), who Golden Boy promotes.

Schaefer also confirmed that his offer, which was issued on Friday afternoon, does not bind Donaire to Golden Boy in any fashion. Basically, there are "no options" on Donaire.

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.

"I think both fighters, Abner Mares and Nonito Donaire, deserve to make the most money in this fight. And I am willing to put up an offer, to Bob Arum, to provide the services of Nonito Donaire. I am willing to offer them $3 million dollars. I will pay Top Rank $3 million dollars, and I don't know what kind of deal they have with Donaire...probably a 50-50, so [Arum] can pay Donaire $1.5 million and he can make $1.5 million, but I don't care how they split up the $3 million," Schaefer told BoxingScene.com.

There were concerns by Arum that Schaefer was bluffing with his offer and wouldn't bind his company with a written confirmation regarding the $3 million dollars for Donaire's services. However, Schaefer says he did his part in attempting to make the fight happen and says there are "no excuses" that his offer wasn't received in writing.

User Comments and Feedback (Register For Free To Comment) Comment by Zyzz on 01-26-2013

[QUOTE=I'm so sorry;12957997]Didn't Dan Rafael say Golden Boy sent the contract to Donaire's manager instead of his promoter, which is a huge no-no? And then Donaire's manager claims to not have received anything either. Something's going on.[/QUOTE] Nothings is going…

Comment by ShoulderRoll on 01-26-2013

[QUOTE=littlemac;12957654]Arum just twitted about them needing to build a new stadium for the fight.[/QUOTE] :lol1: [COLOR="White"]Oh man.[/COLOR]

Comment by thuggery on 01-26-2013

[QUOTE=big_james10;12958055]The biggest problem with your statement is that you believe what Dan Rafael says. Dan Rafael writes whatever Bob Arum tells him to print and this is what Bob Arum told him to write.[/QUOTE] Which is completely untrue because last…

Comment by big_james10 on 01-26-2013

[QUOTE=I'm so sorry;12957997]Didn't Dan Rafael say Golden Boy sent the contract to Donaire's manager instead of his promoter, which is a huge no-no? And then Donaire's manager claims to not have received anything either. Something's going on.[/QUOTE] The biggest problem…

Comment by big_james10 on 01-26-2013

[QUOTE=parrish duke;12955510]Like Donaire has any say in this? So if Top Stank declines the offer - nitwits on here say this is a duck? Donaire does not decide who he fights - there are only a hand full of fighters…

Post a Comment - View More User Comments (70)
Top Headlines Groves vs. Chudinov To Be Streamed on Facebook, Youtube Francisco Vargas Had Surgery on Eyebrows, Wants November Date Ward-Kovalev Rematch: NSAC Has Assigned Three American Judges Mayweather: I Can't Overlook McGregor, Only Lost on The Ground! Cotto vs. Kamegai, Berchelt vs. Miura Picked By BoxNation Brook To Spence: You've Got To Take It, Rip it Out of My Hands Spence: It’s Time to Shut Up, Glove Up & Go to War With Brook Kermit Cintron vs. Tyrone Brunson Set For June 24th Kell Brook vs. Errol Spence - Extra Security Measures in Place Photos: Kell Brook, Errol Spence - Ripped and Ready For War! Warren Admits: If Saunders is Not 100%, Khurtsidze Will Beat Him Joe Smith's Promoter on LA Return, Possibility of Monaghan Bout Salido Returns, Looks Forward To Vasyl Lomachenko Rematch Kell Brook Weighs in at 146½ ; Errol Spence Comes in at 146¼ Abel Sanchez: Golovkin-Canelo Should 'Revive Our Industry' George Groves Thought Hard Before Fully Trusting McGuigan Brook: I Want Spence To Taste Every Bit of That Sugar in There! Hank Lundy is Gunning For Terry Flanagan, Robert Easter Fortune Calms Down Pacquiao Fans, Says No Reason To Panic Mike Tyson Explains Where His Money Went in Historic Career Kell Brook: When I Beat Spence - I'm The Man, Number One at 147 Malignaggi Breaks Down Why Brook-Spence Will Be Special Fight Photos: Hatton Pays Tribute To Victims of Manchester Tragedy Cotto: Marquez Has To Get Things Done or Keep His Mouth Shut! Johsua Return To Be Revealed in 3-4 Weeks, Likely Klitschko Oscar Valdez To Fight in Summer and Then The Fall, Says Arum Egis Kavaliauskas, Alex Saucedo - Both Eager For Bigger Things Photos: Orlando Salido vs. Aristides Perez - Final Press Conference James DeGale: Let's Make This Clear - Badou Jack is a P*ssy! Photos: Michael Conlan, Saucedo, Mike Alvarado - Official Weights WBA Turns Back on Floyd Mayweather vs. Conor McGregor Fight N'Dam-Murata, Barthelemy-Relikh Rematches Ordered By WBA Kell Brook Predicts Thriller, Knockdowns By Him & Errol Spence De La Hoya to Boxing Fans: Don’t Support Mayweather-McGregor Adrien Broner-Mikey Garcia in Works for 7/29 at Barclays Center Brandon Rios Vows To Impress: I'll Be Better Than Ever IBF Reveals Silk Road Championship Tournament Miguel Cotto Says Golden Boy Pact May Extend Beyond 2017 Randy Caballero vs. Oscar Negrete - Golden Boy on ESPN, June 30 Photos: Kell Brook, Errol Spence - Face To Face at Final Presser
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement