Former Time Warner Sports/HBO Chief: 'Floyd doesn't want the Fight'
Floyd Mayweather vs. Manny Pacquiao fight still a pipe dream, says ex-HBO executive
Those doing the business of boxing are consumed with winning the negotiation, screwing the other guy at all costs. The battle to negotiate a mega fight is bloodier than what happens inside the ring.
NEW YORK DAILY NEWS
There’s a better chance of Santa Claus shimmying down your chimney early Thursday morning than Floyd Mayweather Jr. and Manny Pacquiao ever facing off in a fight that could generate $200 million.
All the optimism now surrounding this fight actually happening next year is misplaced. The buzz is generated by Mayweather saying he’s ready to rumble on May 2 and the suits involved with the fighters having preliminary talks. Unfortunately, the positive hype fails to take into account a consistent reality of the fight business.
It is this: Those doing the business of boxing are consumed with winning the negotiation, screwing the other guy at all costs. The battle to negotiate a mega fight is bloodier than what happens inside the ring.
“I wouldn’t spend one minute working on it (a Mayweather-Pacquiao fight) because it’s not going to happen. I believe Floyd doesn’t want the fight,” said Seth Abraham, the former HBO Sports boss who successfully navigated through many booby-trapped negotiating mazes while at the network. “Why go through the heartache and high blood pressure when you know the fight won’t happen.”
Especially when the cast of characters and corporations involved with Mayweather and Pacquiao come to the table with disparate interests, bad blood and intense mistrust. How can they carve up a $200 million-plus pie without slicing up each other and knocking out any possible deal? How can anyone convince Pacquiao to take less money than Mayweather?
CBS/Showtime (Mayweather) vs. Time Warner/HBO (Pacquiao), and Al Haymon, Mayweather’s manager vs. Bob Arum, Pacquiao’s promoter. There will be a phalanx of lawyers, accountants and interlopers who will — as always — gum up the process.
Enter CBS boss Les Moonves, who has already had discussions with Arum. Moonves is the driving force behind Mayweather’s three-year, six-fight deal with Showtime, which has been a financial windfall for Mayweather, who industry sources say is guaranteed $30 million per fight, but a boondoggle for CBS.
For example: In 2014 CBS/Showtime did two Mayweather Pay-Per-View fights, which sources say did less than 900,000 buys each. With the break-even being about 1.2 million buys per fight, figure CBS lost a total of $10 million to $12 million on both rumbles.
Moonves should be incensed with these losses, unless, as Arum said, the CBS boss and his crew are “a bunch of masochists.” So maybe, Moonves is the catalyst here. Maybe he went to Mayweather and “suggested” he act like a good partner and bring the balance sheet in line by fighting Pacquiao in 2015 before his Showtime contract expires.
Could Mayweather’s sudden interest in fighting Pacquiao be about deferring to a partner that is losing millions? “All this stuff — Moonves, Showtime, HBO, Arum — is a smokescreen,” Abraham said. “Floyd doesn’t want the fight because all he is interested in now is retiring undefeated and (being) included in any conversation about being one of the five greatest fighters of all time. And that’s not bull----.”
Mayweather’s “0” will look smaller because he wouldn’t risk fighting Pacquiao, but he still will retire undefeated — and rich. As for the suits working for him, well, their next assignment will soon be concocting another excuse why Mayweather-Pacquiao won't happen.
http://www.nydailynews.com/sports/more-sports/raissman-mayweather-pacquiao-fight-pipe-dream-article-1.2051972