Originally posted by Dr_Calvin
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Comments Thread For: Derrick James Sues Errol Spence for Fraud, Breach of Contract
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James knows 10% of 25M is not realistic. Yes trainers get 10% but all big trainers know and have prearranged agreements with their fighters that there’s a certain cap. 10% of such a large purse is extravagant.$350K for a bout of that magnitude ain’t right either. It’s 3 months out of the year maybe less most fighters don’t do 12 month camps. That’s why these things need to be discussed prior to any big money coming in so there is not this type is dispute.it’s clear Derrick James deserves more than 350k but also clear 2.5M is too much also. Maybe is spence was like his only or main guy that he spends time with and all that but it don’t seem like thatLast edited by LAchargers373; 04-26-2024, 05:02 AM.
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Originally posted by tomhawq View PostIf you ask me, 10% cut is just too much. I'd be moving from one trainer to another when I'm becoming a star and set a flat fee limit. No wonder Malik Scott don't have to train. He just waits for the ten percent cut. Just imagine a superstar making tons of money.
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Originally posted by Dr_Calvin View PostI hope Derrick wins this. It is a shame to see boxers try and stiff their trainers when they start getting bigger purses. I remember when GGG did it to Abel Sanchez. People need to remember that the trainer was only getting 10% when the fighter was coming up and earning low purses. They have put the work in over years, not just for one fight.
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"Yet Spence’s text message to James asking, “What’s the number [owed]? $2.15 million? Since I already paid you $350,000?” indicates acknowledgement of the 10 percent arrangement they kept throughout the years, James attorney claims"
That's looks like a smoking gun!!!
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Originally posted by Dr_Calvin View PostI hope Derrick wins this. It is a shame to see boxers try and stiff their trainers when they start getting bigger purses. I remember when GGG did it to Abel Sanchez. People need to remember that the trainer was only getting 10% when the fighter was coming up and earning low purses. They have put the work in over years, not just for one fight.
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I don’t get why people think 10 percent is unreasonable. The top trainers are VERY few and if a boxer is ok to leverage that knowledge and experience early while the trainer is earning peanuts - seems really dishonorable to squeeze when you knew nature of agreement all along. How much money does an elite millionaire boxer really need???
It seems Al Haymon wanted to teach a lesson to Derrick James - you lost me my money maker, now you will pay. Shame Errol didn’t have the character to treat the man who treated him like a son with more dignity.ShoulderRoll likes this.
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Mofos have no problem paying 20%+ to their managers, advisors, and promoters, but have problems paying 10% to their trainers, who spend more time with them than anybody. GTFOH!
Btw, nice to see PB Cult falling apart. Keep it up, guys.
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