How does Floyd's Contract with Showtime work?

[radioraheem]

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.......

The very information you posts alleges that networks are mingling directly in Promoting and Paying fighters, rather than the Promoters themselves. And it makes it even easier for a major fighter to be independent of a Promoter like Top Rank and Golden Boy.

Miguel Cotto has been negotiating a fight with two different promoters (Top Rank and Golden Boy). The Sergio Martinez bout would be with HBO. The Canelo Alvarez fight -- Showtime. Miguel Cotto is fighting on a contract by contract basis with Promoters. And that's just Cotto. But yet, you think Mayweather is a slave to Golden Boy, while Miguel is the free man dealing with whatever Promoter he feels like on a fight by fight basis.

[edgarg]

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.

If you would ONLY..if you could... READ my second last sentence, you would see the whole silly exercise that you began when you posted the original rubbish, was justified right there..... And please note that MY "accounting" which was based on your original foolish "accounting" system, makes a lot more sense than yours.

Naturally, we have no idea as to the formulae they use for their expense accounts, their IRS claims, the position in the list where the IRS takes it's cut, whether for projected income or income already received, etc. etc. etc. You may not be aware...although it's probably been written on these pages about 50 times, that it takes UP TO A YEAR, for all the streams of income to finally come in and be totalled.

And, don'tworry, there's is no way of "schooling" you.... As your posts reveal, that opportunity was lost years ago when you were ducking out of Primary School.

From your posts, nobody will ever accuse you of needing to unbutton your collar to take off your shirt.

[-Kev-]

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.

Most of the things you have is opinionated.

The only fact you stated is that the networks get 50% of the PPV revenue. Everything else, you falsely added in there.

You are simply ******ed if you actually believe there was $37 million left to pay Mayweather, Canelo, Garcia, Matthysse, Smith, Molina, etc. That is just ******ed and I am 100% sure that you took that information out of your ass. I would say "You can't be that ******", but seeing your opinionated posts in the past that you try to pass off as facts with no credibility whatsoever, you are that ******.

Your PPV breakdown is so ******ed that I am tempted to show it to my tax professor, who is also an IRS employee. But honestly, I don't want him to start questioning who I hang out with or from what ******ed forum did I get that post from.

[edgarg]

The very information you posts alleges that networks are mingling directly in Promoting and Paying fighters, rather than the Promoters themselves. And it makes it even easier for a major fighter to be independent of a Promoter like Top Rank and Golden Boy.

Miguel Cotto has been negotiating a fight with two different promoters (Top Rank and Golden Boy). The Sergio Martinez bout would be with HBO. The Canelo Alvarez fight -- Showtime. Miguel Cotto is fighting on a contract by contract basis with Promoters. And that's just Cotto. But yet, you think Mayweather is a slave to Golden Boy, while Miguel is the free man dealing with whatever Promoter he feels like on a fight by fight basis.

You must have missed this part........ but it's part of the quote I posted...... Maybe you're one of those "speed readers". I always think they skip over the difficult sentences.....

****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.” ****

[-Kev-]

Again trying to pass off his opinions as fact.

No matter how long it takes to get full revenue from a PPV, Floyd gets his check in a timely manner.

[edgarg]

Most of the things you have is opinionated.

The only fact you stated is that the networks get 50% of the PPV revenue. Everything else, you falsely added in there.

You are simply ******ed if you actually believe there was $37 million left to pay Mayweather, Canelo, Garcia, Matthysse, Smith, Molina, etc. That is just ******ed and I am 100% sure that you took that information out of your ass. I would say "You can't be that ******", but seeing your opinionated posts in the past that you try to pass off as facts with no credibility whatsoever, you are that ******.

Your PPV breakdown is so ******ed that I am tempted to show it to my tax professor, who is also an IRS employee. But honestly, I don't want him to start questioning who I hang out with or from what ******ed forum did I get that post from.

Boy oh BOY... are you STOOOPID. You've missed the whole point, even though I posted to you TWICE. If I were you i wouldn't show anything to your "professor"... the IRS employee. He might be tempted to actually look at your work and fail you miserably for lack of comprehension....IN SPADES.....

You don't seem to understand ANYTHING....

[-Kev-]

This guy would discredit Wallstreet, NY Times, Forbes but believe his source(his ass).

[edgarg]

Again trying to pass off his opinions as fact.

No matter how long it takes to get full revenue from a PPV, Floyd gets his check in a timely manner.

What a beautifully "trite" phrase.... "in a timely manner" ..are you taking this out of a 10 cent quote book of business terms published in 1870....??

[radioraheem]

You must have missed this part........ but it's part of the quote I posted...... Maybe you're one of those "speed readers". I always think they skip over the difficult sentences.....

****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.” ****

Do you even hear yourself? How could Golden Boy use that as a negotiating tactic or leverage to make Floyd Mayweather their slave? Floyd Mayweather was already a proven PPV fighter by that time and had been on HBO many times! You cannot be serious! I read everything, and said none of it backs up your allegation that he's a slave to Golden Boy.

[-Kev-]

You added a bunch of BS to my original post, taking it and deducting crap that doesn't even get deducted off the revenue. Like the 39% tax. And a bunch of crap you don't even know gets deducted.

Out of the $150million PPV revenue, $75mill goes for Mayweather/Canelo and the rest of the fighters and promoter to break up. It's not that complicated, you are making the math harder to understand than it really is.