Where you active in this forum when may offered pac a flat fee?
Did you see the revenue that may/pac generated?
Its the biggest fight in the sport. You dont negotiate those fights with flat fees. This is just another stalling antic.
To be honest i think cotto was unreasonable in his negotiations with canelo. Canelo was just as much of a draw as Cotto. But canelo needed to beat a name, and things in boxing didnt look very good after may/pac. He also wanted the lineal 160 belt.
The only other credible opponent, that was also a draw, was golovkin and canelo wasnt going to take that route. Cotto was a bigger draw, to beat. Even today canelo doesnt want ggg and it's his most lucrative match.
De la HoYa said the offer is 10million plus upside
GGG needs to learn to Bside
Seems more then fair to me.
Where you active in this forum when may offered pac a flat fee?
Did you see the revenue that may/pac generated?
Its the biggest fight in the sport. You dont negotiate those fights with flat fees. This is just another stalling antic.
To be honest i think cotto was unreasonable in his negotiations with canelo. Canelo was just as much of a draw as Cotto. But canelo needed to beat a name, and things in boxing didnt look very good after may/pac. He also wanted the lineal 160 belt.
The only other credible opponent, that was also a draw, was golovkin and canelo wasnt going to take that route. Cotto was a bigger draw, and easier to beat. Even today canelo doesnt want ggg and it's his most lucrative match.
Rumors are e the current offer is 10 million + upside
http://www.latimes.com/sports/boxing/la-sp-alvarez-smith-20160918-snap-story.html
Golovkin, in an interview with The Times last month, speculated that beyond Alvarez relinquishing his World Boxing Council middleweight belt to Golovkin in May instead of making a fight, he expected De La Hoya to make a low-ball offer of $2 million for a 2017 fight as a means to further avoid the Kazakhstan fighter from Los Angeles.
To which DLH is now responding:
“If you say I’m going to offer you $2 million, well, guess what? I’m offering you a substantial amount. Eight figures,” De La Hoya said. “Take the offer, sign the contract and let’s make the fight. Stop calling people clowns.
“There’s obviously upside and if he’s not happy with what I’m offering, good luck to him fighting someone where he can make that money. He never will.”
From what I read, the offer is just flat fee and no PPV upside. Which is a **** deal. You have to include some PPV upside because Golovkin will contribute to bringing in those numbers too. I'm not saying give him 50/50, or 60/40, but he needs to take a piece of that PPV upside.
I dont know exacts with the situation but what was reported as the "purse" was a fraction of what he actually made
Some from Mexican TV money too, GGG doesn't deserve a dime of that tho
Canelo got a lower guarantee but he also got ppv upsidr so he made significantly more considering the fight did 900k buys. If golovkin takes a flat fee for a fight that could very well do over 1M buys he would be leaving a lot of money on the table.
Rumors are e the current offer is 10 million + upside
http://www.latimes.com/sports/boxing/la-sp-alvarez-smith-20160918-snap-story.html
Golovkin, in an interview with The Times last month, speculated that beyond Alvarez relinquishing his World Boxing Council middleweight belt to Golovkin in May instead of making a fight, he expected De La Hoya to make a low-ball offer of $2 million for a 2017 fight as a means to further avoid the Kazakhstan fighter from Los Angeles.
To which DLH is now responding:
“If you say I’m going to offer you $2 million, well, guess what? I’m offering you a substantial amount. Eight figures,” De La Hoya said. “Take the offer, sign the contract and let’s make the fight. Stop calling people clowns.
“There’s obviously upside and if he’s not happy with what I’m offering, good luck to him fighting someone where he can make that money. He never will.”
Majority of the money comes from PPV profits, not flat fee. Both Canelo and Cotto had a portion of PPV money.
Here's Oscar saying they're only gonna offer him flat fee with no PPV - this was 2 weeks ago. Then last weekend Oscar mentioned "PPV upside" because he knew the idiots who hate Golovkin would bite on it and start parroting that Golovkin turned down this great deal.
Seems more then fair to me.
Canelo got a lower guarantee but he also got ppv upsidr so he made significantly more considering the fight did 900k buys. If golovkin takes a flat fee for a fight that could very well do over 1M buys he would be leaving a lot of money on the table.
Canelo is still young and new if he took less against Cotto that it would boost is earning power for future fights and add to his legacy.
GGG is in his mid 30s and the fight with Canelo will likely be the biggest of his career. So he wants to get as much money out of it as possible.