The True Story Behind Gamboa's Actions. (No Bull****)

[Eaner0919]

From a common law perspective you don't need to sign a formal doc for court to deem a valid contract is in place. If Yuri has taken 70k in relation to an offer from TR, the court would likely see that as consideration and thus an acceptance of terms on his part. Gamboa's only hope (if we take these "facts" at face value) is that the terms he agreed to were subsequently changed which would give him a potential out.

Sad situation. It would be a tragedy to have a fighter of his caliber sidelined for a long period of time.

in all honesty he only has himself to blame for all this

1. if you are unhappy with your promoters then do not agree to a fight with them as promoters

2. if you do not want to fight on 4/14 then do not allegedly take advances against a fight you had no intentions of going through

[Bombs]

Gamboa's lawsuit has a copy of his financial terms for the Rios fight and they don't even come close to the numbers listed by the thread starter. Top Rank and Arena were being paid through HBO's license fee and weren't getting anything from Gamboa's $1.1 million dollar purse - the amount the promoters agreed to pay him!

His contract terms are also in the suit. Gamboa gets a min of $250-300 for ANY fight. Top Rank and Arena get 0% his minimum.

I have no idea where the thread starter got his facts, and why he posted them on numerous forums, but they are WAY OFF the actual numbers on paper.

From what we have heard, SEVERAL writers callled Top Rank's legal counsel asking about these numbers and they continue to point back to the same user on every forum someone reads this on.

[Boxingtech718v2]

Promoters are the Leeches that have been sucking the blood out of boxing for years.
These guys need to all be eliminated and one boxing authority needs to control the sport similar to the NBA, MLB, etc.
There should be a law against these type of slavery deals.

[BMWM3P]

Even if the TS claims were true, which they aren't, Gamboa is still to blame for making such a ******ed deal.

[boxaholic]

Promoters are the Leeches that have been sucking the blood out of boxing for years.
These guys need to all be eliminated and one boxing authority needs to control the sport similar to the NBA, MLB, etc.
There should be a law against these type of slavery deals.

Agree^^^^^^^^^^^^^^

[CubanGuyNYC]

Gamboa's lawsuit has a copy of his financial terms for the Rios fight and they don't even come close to the numbers listed by the thread starter. Top Rank and Arena were being paid through HBO's license fee and weren't getting anything from Gamboa's $1.1 million dollar purse - the amount the promoters agreed to pay him!

His contract terms are also in the suit. Gamboa gets a min of $250-300 for ANY fight. Top Rank and Arena get 0% his minimum.

I have no idea where the thread starter got his facts, and why he posted them on numerous forums, but they are WAY OFF the actual numbers on paper.

From what we have heard, SEVERAL writers callled Top Rank's legal counsel asking about these numbers and they continue to point back to the same user on every forum someone reads this on.

I don't know much about boxing contracts, but this seems quite unusual. It certainly shows things in a different light. If Gamboa was to be paid $1.1M and only pay taxes, trainers fees and the like, he would've netted in the ballpark of 600k. Not bad.

Is it commonplace for promoters to take their fee from the network, not out of the fighter's purse? How rare are purse "minimums"?

[JoeyNumbers]

Top Rank and Co is trying to bully Gamboa into a fight that is not good for him. Gamboa is doing the right thing... even tho i really wanted to see this fight :/