Tweet
Lightweight titleholder Humberto Soto, claiming he is owed more than $1 million by Top Rank and that his promotional agreement with the company is expired, has declared himself a free agent, attorney and co-manager Michael Miller told ESPN.com.
Miller said Soto was due a minimum purse of $200,000 to fight for a world title and $300,000 to defend the title.
"He was never paid $300,000 and Top Rank rarely even showed up at his fights," Miller said. "[Soto and Lozada] would complain to Beltran about the money and he would promise to make it up. He never did. Our quick and dirty numbers are that they are $1.285 million short
"I wrote Top Rank a letter [Wednesday] advising that he has been grossly underpaid and we need some answers," Miller said. "Why was Beltran involved since Soto never signed a contract with Beltran?"
Miller said besides being underpaid on his minimum purses, Beltran sometimes paid him in installments -- sometimes using cash -- on the money he did receive and another time his check bounced
Miller said Soto was due a minimum purse of $200,000 to fight for a world title and $300,000 to defend the title.
"He was never paid $300,000 and Top Rank rarely even showed up at his fights," Miller said. "[Soto and Lozada] would complain to Beltran about the money and he would promise to make it up. He never did. Our quick and dirty numbers are that they are $1.285 million short
"I wrote Top Rank a letter [Wednesday] advising that he has been grossly underpaid and we need some answers," Miller said. "Why was Beltran involved since Soto never signed a contract with Beltran?"
Miller said besides being underpaid on his minimum purses, Beltran sometimes paid him in installments -- sometimes using cash -- on the money he did receive and another time his check bounced
This should get interesting.
Comment