Teofimo Lopez Purse Breakdown! OVER 50% GONE OFF THE RIP! ARE MY BREAKDOWN CORRECT?

[Kezzer]

Why would top rank get 20% if they aren’t involved??? Awful contract he signed if so

[TheBoxGod]

Why would top rank get 20% if they aren’t involved??? Awful contract he signed if so

Its typical for Promoters to get anywhere from 15% to 24% of the fighters purse.

Alot of these contracts have the promoters taking smaller cuts for teh smaller fights and bigger cuts on the bigger fights, and most fighters sign it cause them big fights are far away but once you get there that cut you signed away 2 years ago now dont look good.

[Kezzer]

Its typical for Promoters to get anywhere from 15% to 24% of the fighters purse.

Alot of these contracts have the promoters taking smaller cuts for teh smaller fights and bigger cuts on the bigger fights, and most fighters sign it cause them big fights are far away but once you get there that cut you signed away 2 years ago now dont look good.

cantsay I’m convinced. Usually the promoters agrees how much to pay, I would have expected if you lose the bid you get only a fraction if your not involved, if anything at all. Bob arums worry about Hearn outbidding him doesn’t strike me as someone who would get ‘free money’

[Eff Pandas]

Its typical for Promoters to get anywhere from 15% to 24% of the fighters purse.

Alot of these contracts have the promoters taking smaller cuts for teh smaller fights and bigger cuts on the bigger fights, and most fighters sign it cause them big fights are far away but once you get there that cut you signed away 2 years ago now dont look good.

Don't promoters only got a cut of their guy's purse bid if they lose the purse bid? If its a regular ass fight they promote then they are just getting the profit from the show not a cut of all their fighters purses + the profit from the show.

[TheBoxGod]

Don't promoters only got a cut of their guy's purse bid if they lose the purse bid? If its a regular ass fight they promote then they are just getting the profit from the show not a cut of all their fighters purses + the profit from the show.

Promoters always get their cut. Their cut is a deal between the fighter and the promoter has nothing to do with the sanctioning body, the sanctioning body just determines the split of the purse between the champion and challenger.

the promoter has a contract with the fighter and in this case Top Rank has a contract with Teofimo Lopez for 3 years, 2 fights a year persumbly, Where it mandets that Top Ranks gets 20% of every fight and Teofimo has a 1.25 million minimum guarantee. everything else is pretty much just finer details, such as how many championship fights does Arum has to provide to Lopez, where they fights must take place etc.

But fighters are getting smart and under the Ali Act they have a right to know every dollar that get generated for a event, this is how Mikey Garcia found out that Bob Arum was lying to him about how much money was there for the Gamboa fight which became the entire basis of Mikey Garcia leaving Bob Arum.

[Eff Pandas]

Promoters always get their cut. Their cut is a deal between the fighter and the promoter has nothing to do with the sanctioning body, the sanctioning body just determines the split of the purse between the champion and challenger.

As I've understood it for purse bids you lose yea the promoter takes a cut or otherwise he's not getting value for his contract with said fighter.

Why would you even announce a purse for 2M if your promoter is taking 20% or w/e off the top for non-purse bid fights + he profits off his show you're on for 99.9% of cards doe? Shouldn't your purse just get announced as 1.6M? And if thats true are you saying the guys making a grand for a 6 rounder are only making 800 now too cuz they gotta give Bob back 200/20%? Jfc I suspect Bob would be less penny pinching if boxing worked like that or he's richer than I think. And he shouldn't be losing money on Bud if he's auto-making $800k before his ESPN deal & a seat gets sold.

And fook if this is true you definitely shouldn't have a promoter if you got any name cuz you are just setting 20% of your income on fire by having a promoter. I don't think there is a promoter in the world who's worth 20% of your lifetime earnings, in a short career sport, in particular one as petty & toxic as Bob. And Bob taking 20% + calling your momma fat, your gf ugly & you a dumb mfer. This would be like an NFL team giving the star QB a $100M deal, but their taking $20M off the top. So the team profits off you twice. By selling tickets off of you + by taking part of what they are supposed to be paying you.

[TheBoxGod]

As I've understood it for purse bids you lose yea the promoter takes a cut or otherwise he's not getting value for his contract with said fighter.

Why would you even announce a purse for 2M if your promoter is taking 20% or w/e off the top for non-purse bid fights + he profits off his show you're on for 99.9% of cards doe? Shouldn't your purse just get announced as 1.6M? And if thats true are you saying the guys making a grand for a 6 rounder are only making 800 now too cuz they gotta give Bob back 200/20%? Jfc I suspect Bob would be less penny pinching if boxing worked like that or he's richer than I think. And he shouldn't be losing money on Bud if he's auto-making $800k before his ESPN deal & a seat gets sold.

And fook if this is true you definitely shouldn't have a promoter if you got any name cuz you are just setting 20% of your income on fire by having a promoter. I don't think there is a promoter in the world who's worth 20% of your lifetime earnings, in a short career sport, in particular one as petty & toxic as Bob. And Bob taking 20% + calling your momma fat, your gf ugly & you a dumb mfer. This would be like an NFL team giving the star QB a $100M deal, but their taking $20M off the top. So the team profits off you twice. By selling tickets off of you + by taking part of what they are supposed to be paying you.

Everybody contract is different. This is why some fighters complain and others are happy.

Purse bids are just to settle the dispute between fighters (what its intended for) so the purse bid covers the fighters split and who gets to call the shots i.e. The winner of the purse bids gets the rights to the fight, The Gate, The Venue, The Location, keeps all the revenue.

About 6 rounders it all depends on the deal the promoters has with it fighters, theirs no standard contract given. Some fighters who are looked at as great prizes like Shakur Stevenson get a sweet deals, $500k sign on bonus and small % fee till championship fights and others are given just independent contractor contracts and are just paid with no fees taking out because makes no sense to do it when their pay can be a tax write off.

With Bud again everyone contract is different, but 99% of the time everyone is making their promoter money the only time they arent is in maybe situation with Bob Arum and Crawford where Arum promised X amount of Crawford fights to ESPN so Arum NEEDS to keep Crawford happy so he can stay on board. So what does arum do? He Overpays Crawford to fight no names because he has to keep Crawford On ESPN. its just touch luck for Bob Arum because Crawford isnt a STAR, So it just might be that that guarantee does come out of Bob Arum pockets however pockets that is lined with ESPN money so is it really costing Arum money???? or is he just mad he stuck in his old ways where he should always profit off a fighter directly? nevermind Crawford and Lomachenko name most likely got him his ESPN deal. Its pretty similar situation to how GBP promised Canelo fights to Dazn just Canelo got upset at them for making deals for their own gain off his name and whereas Crawford might be oblivious to this or just doesnt care and is happy getting over paid 5 Million guarantees fighting no names.

Thats how promoting works, its all business contracts. Think about this, Youtube takes 55% fee from youtubers, it just how business works. Can you make money without youtube if you're a "youtuber" no you cant so you have to play ball and hope you become a powerhouse of a name to Re-Negotiatea better deal and thats boxing pretty much, Promoters are cutting the checks so they taking their cut and untill boxers become a name and can pay themselves they pretty much have no choice.

[SweetPbfAli]

Promoters always get their cut. Their cut is a deal between the fighter and the promoter has nothing to do with the sanctioning body, the sanctioning body just determines the split of the purse between the champion and challenger.

the promoter has a contract with the fighter and in this case Top Rank has a contract with Teofimo Lopez for 3 years, 2 fights a year persumbly, Where it mandets that Top Ranks gets 20% of every fight and Teofimo has a 1.25 million minimum guarantee. everything else is pretty much just finer details, such as how many championship fights does Arum has to provide to Lopez, where they fights must take place etc.

But fighters are getting smart and under the Ali Act they have a right to know every dollar that get generated for a event, this is how Mikey Garcia found out that Bob Arum was lying to him about how much money was there for the Gamboa fight which became the entire basis of Mikey Garcia leaving Bob Arum.

And miraculously, some people still defended Arum in that situation. I haven't been the biggest fan of Mikey's fighting career post TR but there's no way I took issue with his stand back then.

[TheBoxGod]

And miraculously, some people still defended Arum in that situation. I haven't been the biggest fan of Mikey's fighting career post TR but there's no way I took issue with his stand back then.

Yeah theirs no defending bob arum on this matter or any promoter who does this (which is all off them). Its the reason I support all fighters to renegatie their deal the moment they want to like Ryan Garcia did.

[sicko]

Well I guess that is better than splitting the 1+ Million that Arum was offering

Most fighters are in Bad Deals with Promoters because Promoters sign them when they're most vulnerable and when they're in desperate need of that Signing Bonus as well as a Place to Stay and a Car. NO FIGHTER should get themselves into something Long Term they can't get out of if they're not happy. It is out of Pure Ignorance they just don't know! You come into boxing trusting any and everybody! Sure some of these Managers and Promoters will get you Paid and might even make you rich but they will make themselves Richer if Possible