Chris Algeri has only been getting 50%

Stars Boxing and Banner Promotion, DeGuardia and Pellulo come off as complete scam artist to me with a phony "Get Rich Quick Scheme" I think the rest of boxing has caught on to them and not many are willing to do business with them which is why Willie Monroe, Andrade and some of their other fighters careers are all on ICE right now. They can't even get Andrade on TV and I think his next fight is somewhere in Australia. Fighters need to get smarter and really do their homework before signing with a Promotion and make sure that you're not signing something you can't get out of! Haymon don't have anything to do with this, in fact that is why many fighters hire Haymon as an adviser to avoid stuff like this from happening. But a fighter not knowing how much he is fighting for and his Promoter saying "Well He Will Have To Know Eventually Because Of The Ali Act" WTF? :nonono: Hey DeGuardia and Pellulo, if you're losing money like that, TAP OUT, do like Iron Mike Production/Acquinity Sports and get out of the boxing game and let your fighters go continue their careers elsewhere instead of holding them hostage Im sure Artie and joe must help in the development of boxers. But your right they usually don't have those connections to hsve their own HBO cards theyre always the opponents

Stars Boxing and Banner Promotion, DeGuardia and Pellulo come off as complete scam artist to me with a phony "Get Rich Quick Scheme" I think the rest of boxing has caught on to them and not many are willing to do business with them which is why Willie Monroe, Andrade and some of their other fighters careers are all on ICE right now. They can't even get Andrade on TV and I think his next fight is somewhere in Australia. Fighters need to get smarter and really do their homework before signing with a Promotion and make sure that you're not signing something you can't get out of! Haymon don't have anything to do with this, in fact that is why many fighters hire Haymon as an adviser to avoid stuff like this from happening. But a fighter not knowing how much he is fighting for and his Promoter saying "Well He Will Have To Know Eventually Because Of The Ali Act" WTF? :nonono: Hey DeGuardia and Pellulo, if you're losing money like that, TAP OUT, do like Iron Mike Production/Acquinity Sports and get out of the boxing game and let your fighters go continue their careers elsewhere instead of holding them hostage

Excellent post green k sent. Also I don't know if you heard Dibellas new podcast were he also says thst the club shows are all for development and he also says he loses around 50K per show 50k is pretty steep, I managed to keep my losses in the $5-10k per show range, even breaking even once in a while :-). But obviously Lou's overhead is SUBSTANTIALLY higher than mine was, so I dont disbelieve his estimate. Its funny, sometimes on here when I tell people that most every non-televised show (and some televised ones too) actually LOSE money, they like to make smart comments about how I must have been a lousy promoter, or a failure, or whatever. I just laugh because it proves they havent the slightest idea what they are talking about.......lol

Compared to MMA fighters these guys are making BANK! Bellator is becoming a very fine option for MMA guys. The UFC have left the door open for the opposition by paying their guys peanuts, and effectively eliminating the third party income that fighters received for endorsements prior to the Reebok shambles. The MMA business model is broken and will change. Just need a few more people to jump the UFC ship..

Got your PM, so here is my take on this issue: 1. Yes, the language in the Ali Act is somewhat flawed, given that the timeline for disclosure is not specified. You are correct though that in many instances, the amount coming from the network is "fluid" at the time the purse is negotiated with the fighter. There may also be pending site fee negotiations, or overseas broadcast rights deals that would not be finalized at the time the purse is negotiated. The promoter typically makes the offer to the fighter based on the revenues he THINKS he will get, and sometimes the promoter wins, and sometime he loses. 2. Unless Algeri's contract calls for revenue share percentages in lieu of flat fee purses, im not sure the relevance of the "no more 50-50 deals" statement. Most contracts have minimum purse requirements, and only address "percentages" in instances where the promoter loses a purse bid. Technically a provision of services agreement would fall under the disclosure requirements of the Ali Act, but because most promotional companies are not public companies, absent a lawsuit they would have no legal requirement to disclose how much they paid the other promoter for the provision of services. Not to mention the US Justice Dept has shown ZERO interest in enforcing the Act. Bottom line is they probably lie about how much they were paid, and the fighter never knows the true amount their promoter was paid by the other promoter. My feelings on this issue are mixed. On one hand I understand the fighters want / need to know the full revenue picture, but on the other hand if the fighter agrees to fight for 100k, or whatever number, how much the promoter is making is really none of their business. And before you jump down my throat, think about it for a second. Name any other sport, or business, where the owner has to disclose their total income to an employee / contractor prior to setting a wage? 3. Deguardia is right about 1 thing, that there is no money in club shows. I ran them for 12 years straight, and probably spent somewhere between $300k - $500k of my own money during that period. You dont do club shows for the money. You do them for 1 of 3 reasons: 1. You love the sport and want to contribute 2. You have fighters under contract you are trying to develop 3. you have other business interests you are promoting via the shows, such as a law office, medical practice, or whatever. There is a running joke in the industry that boxing is the only sport where you can guarantee yourself to have a million dollars in the bank. And the way you do that is to start with $5 million and run some shows........ Most novice promoters run 1 or 2 shows, discover the economic realities of the business, and thats the end of it. I do things in life because either im having fun, or im making money. Doing the shows was always fun, and never about the money. When it stopped being fun, I packed it in......... Edit: and before everyone hops on Haymons dick, remember, as a licensed "manager", he is exempt from the disclosure requirements and does not provide them to his fighters. The disclosures they get would likely only reference the flat-fee the "promoters" of PBC shows are paid by Haymon.... Excellent post green k sent. Also I don't know if you heard Dibellas new podcast were he also says thst the club shows are all for development and he also says he loses around 50K per show

So what's going on is that his opponents promoter Dibella or Arum have been paying DaGuardia for the right to use Algeria as an opponent. deGuardia only gives chris 50% for example let's say dibella paid deguardia 1M to fight khan. DaGuardia keeps half and gives Chris half. When the promoters cut is usually 27% chris says that for his last few fights deguardia is splitting 50/50 with him Got your PM, so here is my take on this issue: 1. Yes, the language in the Ali Act is somewhat flawed, given that the timeline for disclosure is not specified. You are correct though that in many instances, the amount coming from the network is "fluid" at the time the purse is negotiated with the fighter. There may also be pending site fee negotiations, or overseas broadcast rights deals that would not be finalized at the time the purse is negotiated. The promoter typically makes the offer to the fighter based on the revenues he THINKS he will get, and sometimes the promoter wins, and sometime he loses. 2. Unless Algeri's contract calls for revenue share percentages in lieu of flat fee purses, im not sure the relevance of the "no more 50-50 deals" statement. Most contracts have minimum purse requirements, and only address "percentages" in instances where the promoter loses a purse bid. Technically a provision of services agreement would fall under the disclosure requirements of the Ali Act, but because most promotional companies are not public companies, absent a lawsuit they would have no legal requirement to disclose how much they paid the other promoter for the provision of services. Not to mention the US Justice Dept has shown ZERO interest in enforcing the Act. Bottom line is they probably lie about how much they were paid, and the fighter never knows the true amount their promoter was paid by the other promoter. My feelings on this issue are mixed. On one hand I understand the fighters want / need to know the full revenue picture, but on the other hand if the fighter agrees to fight for 100k, or whatever number, how much the promoter is making is really none of their business. And before you jump down my throat, think about it for a second. Name any other sport, or business, where the owner has to disclose their total income to an employee / contractor prior to setting a wage? 3. Deguardia is right about 1 thing, that there is no money in club shows. I ran them for 12 years straight, and probably spent somewhere between $300k - $500k of my own money during that period. You dont do club shows for the money. You do them for 1 of 3 reasons: 1. You love the sport and want to contribute 2. You have fighters under contract you are trying to develop 3. you have other business interests you are promoting via the shows, such as a law office, medical practice, or whatever. There is a running joke in the industry that boxing is the only sport where you can guarantee yourself to have a million dollars in the bank. And the way you do that is to start with $5 million and run some shows........ Most novice promoters run 1 or 2 shows, discover the economic realities of the business, and thats the end of it. I do things in life because either im having fun, or im making money. Doing the shows was always fun, and never about the money. When it stopped being fun, I packed it in......... Edit: and before everyone hops on Haymons dick, remember, as a licensed "manager", he is exempt from the disclosure requirements and does not provide them to his fighters. The disclosures they get would likely only reference the flat-fee the "promoters" of PBC shows are paid by Haymon....

read this the other day. and peoeple wonder why so many fighters sign with Haymon. Lol do they? I'm pretty sure everyone knows why.

HAHAHAHAHA jimwilson128 where are you? He never came back after he got ran outta here HAHAHAHA Now reddit is turning on him and he's complaining HAHAHAHA jimwilson128 4 points 22 hours ago The downvoting of any comment that is even slightly critical of Haymon/PBC is out of control. Bout to take my talents to BLH. jimwilson128 You ain't Lebron :lol1: And to think SteveKim wrote an article based on that reddit thread HAHAHAHAHA :lol1: :lol1:

Isn't this th same crap Mikey Garcia is going through

Well Algieri should just sue the guy, if he is doing something illegal. It will take some time but Algieri will win, can sign with a new, possibly better promoter and earn more money. He's a smart kid too and *****ing about it in the media isn't the right way to go.

read this the other day. and peoeple wonder why so many fighters sign with Haymon.

Bump for the nerds

HAHAHAHAHA jimwilson128 where are you? He never came back after he got ran outta here HAHAHAHA Now reddit is turning on him and he's complaining HAHAHAHA jimwilson128 4 points 22 hours ago The downvoting of any comment that is even slightly critical of Haymon/PBC is out of control. Bout to take my talents to BLH. jimwilson128 You ain't Lebron :lol1: And to think SteveKim wrote an article based on that reddit thread HAHAHAHAHA But but I'm a lawyer I know everything

Bump for the nerds

HAHAHAHAHA jimwilson128 where are you? He never came back after he got ran outta here HAHAHAHA Now reddit is turning on him and he's complaining HAHAHAHA jimwilson128 4 points 22 hours ago The downvoting of any comment that is even slightly critical of Haymon/PBC is out of control. Bout to take my talents to BLH. jimwilson128 You ain't Lebron :lol1: And to think SteveKim wrote an article based on that reddit thread HAHAHAHAHA Yea check me out there I put him in his place

All this text and the thing I care about is that Spence is facing Algieri, the new gatekeeper for the weight classes. I didn't know that was signed. I am HYPE for that fight for so many reasons. I want to know if Algieri's class on Khan was a preview of Algieri exposing Spence or if Spence is the real deal, and I can think of no better opponent to test both theories. This is hype stuff. Bradley's getting tested, Pacquiao's getting tested, Thurman's getting tested, Porter's getting tested, Spence is getting tested, Wilder's getting tested, Khan's getting tested... Boxing's in a good place. You're just a great human being

Did you write this? If not, wheres the link? Yes I did bro

Did you write this? If not, wheres the link? It takes like 3 seconds to copy the first sentence, paste it into google, and hit "enter." You cant post links to rival boxing news websites on boxingscene.

Chris Algieri turned professional in 2008, and for the better part of the next six years, despite 19 wins in succession without a loss, was one of the thousands of anonymous boxers who was fueled more by a dream than by massive paychecks. The largest purse Algieri made in his first 19 bouts was $15,000 for a difficult bout on ESPN2’s “Friday Night Fights” against Emmanuel Taylor on Feb. 2, 2014. Algieri had developed a nice following in the New York metropolitan area and routinely sold out the Paramount Theater when he fought. Given taxes, training expenses and what he needed to pay his team, he barely was above the poverty line. But 2014 was the year that life changed dramatically for Algieri, a slick boxer who dreams of one day becoming a doctor. The win over Taylor earned him an HBO bout against Ruslan Provodnikov and a career-high purse of $115,000. An upset win there enabled him to hit the jackpot, a $1.67 million purse to fight Manny Pacquiao in Macau on Nov. 23, 2014. Getting the bout was a win not only for Algieri but for his long-time promoter Joe DeGuardia of Star Boxing. Most shows, DeGuardia said, lose money and the majority of the money for a promoter comes when he has a fighter reach the big-time. “All the money is at the top,” DeGuardia said. “I wouldn’t recommend to anyone to just get into boxing to promote club shows unless you really love it and want to be around it, because there isn’t money in that.” Algieri recently signed a deal to fight the highly regarded Errol Spence Jr. on April 16 at the Barclays Center in Brooklyn in a Premier Boxing Champions show on NBC. Algieri, who declined to tell Yahoo Sports his purse for the bout against Spence, said he asked DeGuardia for the disclosure information per The Muhammad Ali Boxing Reform Act that fighters in matches of 10 rounds or more are required to get from their promoters. The Muhammad Ali Boxing Reform Act was signed by former President Bill Clinton and went into law on May 26, 2000. It has three purposes, according to Section 3 of the law: • (1) To protect the rights and welfare of professional boxers on an interstate basis by preventing certain exploitive, oppressive, and unethical business practices; • (2) to assist State boxing commissions in their efforts to provide more effective public oversight of the sport; and • (3) to promote honorable competition in professional boxing and enhance the overall integrity of the industry. DeGuardia, Algieri said, declined to give him that information. He’ll eventually get it since it’s required by law, and will likely be delivered on the day before the fight at the weigh-in. “I’ve been having problems for some time,” Algieri said. “This fight offer that’s come up, I’ve been asking for certain information regarding the terms and conditions of the Spence bout and the bout agreement and is not willing to divulge. He’s been willing to do that in the past, in past fights. It kind of raised a red flag for me. “It’s strange that information I’ve been privy to in the past and that’s going to come out anyway because I’m entitled to it under the Muhammad Ali Act, he’s not giving it to me when I asked for it explicitly.” The Ali Act was designed to provide greater transparency for boxers so they can more fairly negotiate their purses for fights, providing them an insight into the revenues a promoter makes. According to Section 13, paragraph b, subsection 1 of the act, a promoter must disclose to a fighter “the amounts of any compensation or consideration that a promoter has contracted to receive from such match.”Chris Algieri (HBO) “I’ve been on the side of getting 50 percent deals in the past four. And I said to him in the very recent past that I’m not fighting at 50-50 anymore.” DeGuardia was reticent to discuss Algieri’s complaints because he said he didn’t want to get into a public back-and-forth with his fighter. He said he’d reached this deal with Algieri for the Spence fight last year. To his recollection, it was in October or November that they came to terms on it. Algieri for his last three fights was co-promoted by Artie Pelullo of Banner Promotions. Pelullo promotes Provodnikov, and he demanded options on Algieri in order to make Provodnikov-Algieri. Unable to get a high-profile bout on HBO otherwise, Algieri agreed. When he defeated Provodnikov, Pelullo became his co-promoter for bouts against Pacquiao, Amir Khan on May 29, 2015, and Bone. Algieri told Yahoo Sports he took the Bone bout to finish his obligation to Pelullo, and that it was his understanding that from that point forward, all purses were to be negotiated separately between he and DeGuardia. DeGuardia told Yahoo Sports he negotiated the deal as a package and that Algieri had agreed. “I am in and I intend to continue to be in 100 percent compliance with the Ali Act with every one of my fighters, Chris included,” DeGuardia said. “But in this case, it’s absolutely irrelevant. We negotiated this fight in October or November. I’m not sure exactly when but it was in that time frame. I say it’s irrelevant because we both agreed and came to a deal.” Lou DiBella of DiBella Entertainment promoted the Algieri-Bone bout and will promote the upcoming Spence-Algieri match. He said he made a provision of services agreement with DeGuardia to acquire Algieri for each of the fights, but said DeGuardia is Algieri's promoter. Become a Teacher in Less Time for Less Money! WGU Sponsor  DiBella essentially negotiated a deal with DeGuardia for DeGuardia to provide Algieri's services for a fight card that DiBella was promoting. In addition to money, promoters typically negotiate for hotel rooms and tickets and other such items in these deals. The other promoter, in this case DeGuardia, pays his fighter (in this case Algieri) out of the money he made from the provision of services agreement. "I have the same kind of provision of services agreement with Joe for these fights as I would do for any other promoter," DiBella said. "I'm not getting into the middle of this because it's not my issue. But from DiBella Entertainment's standpoint, there were no issues or uncertainty. Very simply, Joe got money in a provision of services agreement the way promoters get it all the time." A solution to such a dilemma would be for the Ali Act to be amended and clarify when promoters are required to make their disclosure, but there is no momentum in Congress to re-examine the law. Boxing isn’t a high priority in Congress, particularly not in a presidential election year with many other thorny issues. But it’s difficult on fighters like Algieri, who said he feels fighters at his level deserve more than half of the revenue. “I feel I should be getting considerably more than ,” Algieri said. “I know from other fighters and other managers in the sport, and this is public from articles written, that fighters have gotten as much as 70 to 80 percent. People pay to watch us, as fighters, fight. They don’t pay to watch negotiations, or to see someone promote Did you write this? If not, wheres the link?

He's working with Haymon behind the scenes. Read the article chris is not signed to Haymon and also chris says he also had problems with his purse from the manny fight. Do you blame haymon for thst too? Is that also haymon working behind the scenes?