How does Floyd's Contract with Showtime work?

[JLBlades]

There's probably more than 1 stock holder that is taking some **** for the Manny
fight not being made.
The execs that were at the Golf course bragging about signing Mayweather are having a hard time not being asked about that fight. They know it's hands down the best fight that can be made. The fight that 90% of anybody who has any interest in boxing wants to see.
They got away with the Robert Guerroro fight because Manny got dropped, so while the boxing world was still in shock, Robert Guerrero was made. That fight would have gotten backlash than Amir Khan is getting.
Now that Manny is ready to fight again, people want this fight.
Throw some golden boy guys against some top rank guys and have the biggest event in boxing history.
It's gotta be hard for business men to not get that money. If Floyd wasn't getting a lot of pressure from Showtime, I think Amir Khan would have been announced weeks ago.

[edgarg]

How could Golden Boy possess the deal when Floyd Mayweather is not a Golden Boy fighter? The NY Times article discusses this difference very well and in detail.

http://www.nytimes.com/2011/09/17/sp...anted=all&_r=0



Floyd's HBO deal was really huge in profits. But there was huge risk involved too. If the fight had to be canceled prematurely at the last minute, Floyd's loss would be huuuuuge, which the article mentions.



It would be better if you argued that it was Al Haymon's deal, than to say it was Golden Boy's deal.

I don't believe a word of any NYT report. They are notorious for nonsense. The facts as presented numerous times on boxing sites, including this one were that Oscar had this "sweet deal" with HBO in which he got a specified number of prime dates every year. The other promoters were complaining bitterly about it for years. I know that Bob Arum sued HBO a few years ago and it may have been over this. The promoters were accusing HBO of going onto the promoting business in partnership with Golden Balls.

As for Phoney Phloyd getting a cut "on every pretzel" etc that's a pure example of news-speak. I can tell you unequivocally that he gets no such thing.......... Unless you are a NYT reporter, or another paper who picks up their articles on a news service.

Naturally, if a promotion takes in say....$150 mill. including the last pretzel sold, every single person who has been paid out of that $150 mill can, by screwball mathematics-or NYT reports- claim that he has got a share of everything.... even down to the last pretzel.

When a reporter picks up a subject and wants to get it into print (for which he gets paid-if it's topical-unless he's on salary, when he still has to produce readable material) allowing his verbal panagyrics free flow, such as in that NYT article, is bound to see print.

I read it when it came out in 2011, I think it was reproduced on several sites, and, having had business experience, (and by coincidence just rejected an offered business opportunity to become a partner in a company which supplies ALL MGM Grand Resorts with the plastic bric a brac they use in enormous amounts) I relegated the report to it's proper place...which is nowhere.

[radioraheem]

I don't believe a word of any NYT report. They are notorious for nonsense. The facts as presented numerous times on boxing sites, including this one were that Oscar had this "sweet deal" with HBO in which he got a specified number of prime dates every year. The other promoters were complaining bitterly about it for years. I know that Bob Arum sued HBO a few years ago and it may have been over this. The promoters were accusing HBO of going onto the promoting business in partnership with Golden Balls.

As for Phoney Phloyd getting a cut "on every pretzel" etc that's a pure example of news-speak. I can tell you unequivocally that he gets no such thing.......... Unless you are a NYT reporter, or another paper who picks up their articles on a news service.

Naturally, if a promotion takes in say....$150 mill. including the last pretzel sold, every single person who has been paid out of that $150 mill can, by screwball mathematics-or NYT reports- claim that he has got a share of everything.... even down to the last pretzel.

When a reporter picks up a subject and wants to get it into print (for which he gets paid-if it's topical-unless he's on salary, when he still has to produce readable material) allowing his verbal panagyrics free flow, such as in that NYT article, is bound to see print.

I read it when it came out in 2011, I think it was reproduced on several sites, and, having had business experience, (and by coincidence just rejected an offered business opportunity to become a partner in a company which supplies ALL MGM Grand Resorts with the plastic bric a brac they use in enormous amounts) I relegated the report to it's proper place...which is nowhere.

You just dispute with rumor and/or your own random opinion. You try to argue that Golden Boy had guaranteed dates with HBO as an confirmation of Golden Boy owning and running Floyd Mayweather. And that is very weak.

Cotto is following a similar Al-Haymon/Floyd Mayweather model, partnering with a Promoter on a contract by contract basis. Except, Cotto isn't footing the bills for much of the event for his fights. Cotto fought on Showtime with Golden Boy, then later fights with Top Rank on HBO. So are you going to sit here and tell me that Cotto really belongs to Golden Boy too?

There is a reason why Al-Haymon fighters make much more than other fighters. There is also a reason why Al Haymon doesn't have his fighters on long contracts with any single Promoter. Like, for instance, Andre Berto's promoter - Dibella. Haymon told Dibella to step aside and let Golden Boy work the Robert Guerrero fight. And that afterwards, Dibella would resume his duties. So if neither Golden Boy, nor Dibella, calls the shots with Andre Berto, you think they do with Floyd Mayweather?

And that's just Andre Berto!

[zcm]

I have said it numerous times before and I will say again. There is no way in hell Showtime is paying Mayweather $250 million for six fights. That would be financial suicide for any network, cable or mainstream. That $250 million figure is some number that a blogger threw out as a guess and every other blogger jumped on it as if it was written in stone. Neither Showtime nor Mayweather ever released the dollar amount of the contract, and I would bet everything I own that it is not $250 million. I would guess that the number is close to $10 to $12 million per fight, which would still be more than any other contract in history.

When u consider mayweather made about 200million dollars 4 his last 6 fights with hbo (de la Hoya 25 - hatton 25 - Marquez 30 - Mosley 35/40 - Ortiz 40 - cotto 45) then him making 250million dollars is not a major reach. When the deal was announced they said it could be (if he does all 6 fights) the biggest contract in sports which would make it worth over 200million as a baseball player had a 10 year contract for that amount . Most people have said mayweather made a minimum of 85 for the Canelo fight and 34 for Guerrero which would be 119 million 4 2 fights so he only needs to average around 33million a fight.

[The Big Dunn]

I don't believe a word of any NYT report. They are notorious for nonsense. The facts as presented numerous times on boxing sites, including this one were that Oscar had this "sweet deal" with HBO in which he got a specified number of prime dates every year. The other promoters were complaining bitterly about it for years. I know that Bob Arum sued HBO a few years ago and it may have been over this. The promoters were accusing HBO of going onto the promoting business in partnership with Golden Balls.

As for Phoney Phloyd getting a cut "on every pretzel" etc that's a pure example of news-speak. I can tell you unequivocally that he gets no such thing.......... Unless you are a NYT reporter, or another paper who picks up their articles on a news service.

Naturally, if a promotion takes in say....$150 mill. including the last pretzel sold, every single person who has been paid out of that $150 mill can, by screwball mathematics-or NYT reports- claim that he has got a share of everything.... even down to the last pretzel.

When a reporter picks up a subject and wants to get it into print (for which he gets paid-if it's topical-unless he's on salary, when he still has to produce readable material) allowing his verbal panagyrics free flow, such as in that NYT article, is bound to see print.

I read it when it came out in 2011, I think it was reproduced on several sites, and, having had business experience, (and by coincidence just rejected an offered business opportunity to become a partner in a company which supplies ALL MGM Grand Resorts with the plastic bric a brac they use in enormous amounts) I relegated the report to it's proper place...which is nowhere.

So the nytimes and the wall street journal which also discussed floyds deal are wrong and you are right because you rejected a business offer. Ok.

A simple I don't know would be enough.

[-Kev-]

I am in awe....AWE...Is it possible that you have been on this site for so long and have not learnt anything yet..........??

Let's just take your figures of Alvarez-Mayweather fight. $20 mill gate and $150 mill PPV. Total $170 mill. Deduct the MINIMUM (reputed to be about 55%) 50% (of the $150 mill=$75 mill) for the PPV folks, leaving $95 mill. Deduct the cost of putting this huge fight in which requires a promoter (say 25%) leaving $71 mill, and then their own expenses which would be travel, hotels, salaries, advertising etc.etc etc and etc (say 10%)...... leaving $64 mill.

We KNOW that the IRS will be sitting over this with their own demand for 39.6% (plus about 3% local taxes) and this would leave the wonderful remnant of about $37 mill.
(We are assuming here that his opponent, and all the rest of the fight card are not being paid......no cost at all, out of their pure charity, otherwise it could amount to around $8-10 mill.). We can take it that Alvarez reputed fee of $6 mill was just a story.

This doesn't take into account any of Phoney's own expenses-of course he's lucky that his trainers and sparring partners etc, do it for nothing, and his gym, runs on hot air....

And then we have the Rumoured, Fantasizied, Mythologised, Bumphed... freakish purse of $40 mill for the Master himself, enough so that he can set fire to the whole city with piles of money placed in strategic places, just to warm the hungry out-of-work hordes who will watch this with great pleasure...

It's true that some genuine accounting will work out a lesser loss here, or even a small profit, but I was using your own simplistic accounting "system".

I suppose that you have the inside information on the Showtime economic structure which calls for them to enter into business deals to lose money in huge amounts, because they are not really a business, but a philantrophic, non-profit association of congenital cretins, without which, the highly evolved boxing society could not survive......

With your opening sentence I thought I was in for a good schooling.

This guy thinks that there was only $37million to distribute for the Mayweather-Canelo fight including the undercard. And this guy is really bringing up the IRS right off the bat. You really don't know sh-t about what you are talking about.

BTW, before using more advanced vocab at least learn how to spell them. You misspelled Rumored, Fantasized, Mythologized, Bumphed(doesn't even exist) and philanthropic.

[edgarg]

For RadioRaheem. I wasn't dis*****g with my own imagination as you suggest. I read all this on several sites INCLUDING articles on the subject by reputable BoxingScene writers. You and I are presently dis*****g on BoxingScene. Surely you are not going to tell me that we aren't??

I am just referring to your first paragraph or sentences. It is a WELL KNOWN INDUSTRY FACT that Oscar was getting preferential treatment from HBO for many years,, and the other promoters were absolutely raging about it. I've seen it reported and sicussed all over the place. I'm not going to get into an argument about such a well known fact.


As a matter of interest I just found this below. It may have been the original reason of the enemity between Arum and Mayweather. He wanted Phoney to take a tougher fight....

Frankly, I have no idea as to why you want to make it a point of dispute....??


**** Arum also filed a lawsuit against HBO for overstepping its boundaries in the sport by becoming a defacto promoter while trying to intentionally eliminate him as a promoter. Arum complained that HBO dropped Floyd Mayweather Jr. from his exclusive deal after he insisted his fighter have a tougher bout than the network wanted. The suit was settled out of court but Arum continued to criticize HBO by saying "Instead of working with promoters, like they have done in the past, they have become promoters themselves. They make the fights just like promoters and pay fighters", Arum said. "It's their money and they can do what they want, but Don King doesn't have to go along with it and neither do I. King and I can get along without HBO or Showtime...The problem HBO Sports got into is they became defenders of the status quo. They held you back because they had control." [10]****

This was reported in BoxingScene too, as I recall.


+++++ And HERE BELOW is an excerpt from a Thomas Hauser article in SECONDZ OUT, a prestigious boxing publicaton.+++++


"HBO’s output deal with Golden Boy wasn’t based on fighters that Golden Boy had. It was based on fighters that Golden Boy was expected to sign in the future because it now had financial backing from the network and could tell fighters, “Sign with us. We can put you on HBO.”

It’s widely acknowledged within HBO that the Golden Boy output deal was a mistake and won’t be renewed when it expires. Asked whether he would enter into the deal if he could do things over again, Greenburg answers, “That’s a tough question. When we made that deal, it was a different time and boxing was in a different place than it is today.”

Either way, there’s a widespread belief that the HBO-Golden Boy output deal tilted the playing field in boxing beyond its contractual terms. That’s because HBO is thought by many to have performed additional favors for Golden Boy after the contract was signed in order to give value to the network’s rights under the contract.

One common allegation among rival promoters is that, in recent years, HBO has steered fighters such as Amir Khan (who signed a three-fight deal with Golden Boy six months ago) to Schaefer and company.

“That’s ridiculous,” says Greenburg. “We’ve been adamant about never steering any fighter to any promoter. That’s a nasty dangerous bad game. I take offense that anyone would suggest that. It just doesn’t happen. I won’t let that happen. And if it does happen on my watch, there would be severe ramifications.”++++++

So you see, in this case, where there was smoke....there was fire too.......

[-Kev-]

When u consider mayweather made about 200million dollars 4 his last 6 fights with hbo (de la Hoya 25 - hatton 25 - Marquez 30 - Mosley 35/40 - Ortiz 40 - cotto 45) then him making 250million dollars is not a major reach. When the deal was announced they said it could be (if he does all 6 fights) the biggest contract in sports which would make it worth over 200million as a baseball player had a 10 year contract for that amount . Most people have said mayweather made a minimum of 85 for the Canelo fight and 34 for Guerrero which would be 119 million 4 2 fights so he only needs to average around 33million a fight.

According to my sources, codenamed edgarg, what you say here is impossible. In the 2.4 million PPV sales for DLH-Mayweather, only $20 bucks was left of the $120-130million generated in PPV revenue and $19mill gate. These $20 bucks was split up by 80-20, so DLH got $16 dollars and Floyd got $4 dollars. Taking the bit that IRS rakes in, Mayweather and DLH would have been lucky to take home $2-5 dollars.

[edgarg]

So the nytimes and the wall street journal which also discussed floyds deal are wrong and you are right because you rejected a business offer. Ok.

A simple I don't know would be enough.

How sweet that THE BIG DUMM-otherwise BIG DUMM otherwise ARAKARAWARAWARA DUMM has turned up. I hope that you have been in good health. I recall in your East Side Days of long ago, you were telling us all of your various serious ailments, I actually had believed that you'd passed on, until I saw you reborn on these pages. Good for you. But a man of your well advanced years (according to your own statements) should post with more common-sense.

The New York Times (if we're speaking about the same publication) has gleaned a very poor reputation for proper reporting, and do not have a good reputation in the industry. Many of their reporters have been accused of writing opinions rather than reporting facts...... Of course you won't read that in the NYT but in other publications.

[edgarg]

According to my sources, codenamed edgarg, what you say here is impossible. In the 2.4 million PPV sales for DLH-Mayweather, only $20 bucks was left of the $120-130million generated in PPV revenue and $19mill gate. These $20 bucks was split up by 80-20, so DLH got $16 dollars and Floyd got $4 dollars. Taking the bit that IRS rakes in, Mayweather and DLH would have been lucky to take home $2-5 dollars.

Laugh as you will. It's well known that weak intellects drool foolishly over the simplest things.... those being all they can assimilate in their poor little heads.

Not their fault... of course. It's a miracle they can even write.