Originally posted by SweetScience
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Originally posted by HeroBando View PostCan you explain this a little? This fight didn't even occur to anyone until we saw callouts from Team Gamboa to Rios. And then what was the contract issue? He was getting $1m+ for the Rios fight. He thought he had better options?
As you can see, a $1M purse after taxes, promotional, managerial, and training fees (usually 10% for an established trainer seemingly answering my question as to why Gamboa hired his father to be his trainer) comes out to less than $400,000, even looking at a conservative estimate.
The "Team Gamboa" article was Oner himself when he thought he was still a part of it, but Gamboa had already started taking action (this is the around the time Gamboa started training at the Mayweather gym... Las Vegas based Top Rank knows when one of their fighters is training at that gym or hanging around Mayweather (see Omar Henry)).
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Originally posted by Heru View PostGamboa had 2 promoters consisting of Oner and Top Rank and 1-2 manager(s) (one of them being Oner (which is illegal in the US, but legal in Germany or wherever the agreements took place)). The standard fee for 1 of these promoters is around 30%, the co-promotional arrangement had to have been from a substantial amount of Gamboa's purse. The standard managerial fee is 15%, the plural is in parenthesis because in addition to his promoter/manager, Gamboa hired a lawyer to get him out of the contracts. Oner helped Gamboa defect so he had to agree to certain contracts before he even defected from Cuba.
As you can see, a $1M purse after taxes, promotional, managerial, and training fees (usually 10% for an established trainer seemingly answering my question as to why Gamboa hired his father to be his trainer) comes out to less than $400,000, even looking at a conservative estimate.
The "Team Gamboa" article was Oner himself when he thought he was still a part of it, but Gamboa had already started taking action (this is the around the time Gamboa started training at the Mayweather gym... Las Vegas based Top Rank knows when one of their fighters is training at that gym or hanging around Mayweather (see Omar Henry)).
I thought I saw callouts also DeCubas, but I may be wrong and this was all Oner. It wouldn't be shocking, he'll throw his guys to the wolves. But Gamboa should not have let it go that far.
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