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So whatever Showtime is offering for Fonfora/Hopkins, all HBO has to do is match it, and Stevenson can't escape anymore. No need to outbid. Just match and Stevenson is contractually bound.
Stevenson has every right to get the best offer. If HBO refuses to match Showtime's offer, it's on HBO's incompetent ass. Fucking Hershman is paying 3 million for Ward-Rodriguez when I doubt Stevenson-Kovalev would even be that much.
It was part of a two-prong deal which would have had Stevenson facing Sergey Kovalev( who takes on Cedric Agnew this weekend on HBO from Atlantic City) in the fall, provided they both won their upcoming fights.(http://www.maxboxing.com/a-prelude-to-nothing) But sources have told Maxboxing that Showtime has made an offer for this fight and included in this deal is an opportunity to eventually face Bernard Hopkins, who takes on Beibut Shumenov on April 19th.
While Stevenson was thought to be an HBO fighter, what the network really retained was is known as a matching rights, or 'right of first and last refusal' with the hard-hitting southpaw.
"What that means is you negotiate with them first, that's the first part,"explained an industry insider, who is familiar with such deals."And then they're (in this case, Stevenson's camp) free to go off and try and find a better deal somewhere else and then if they find one, they bring that deal back to you( HBO) and then you have the right to match it."
At that point, once HBO is presented with a written offer they has seven days to decide on what they will do. That window is said to expire on Tuesday.
While Stevenson was thought to be an HBO fighter, what the network really retained was is known as a matching rights, or 'right of first and last refusal' with the hard-hitting southpaw.
"What that means is you negotiate with them first, that's the first part,"explained an industry insider, who is familiar with such deals."And then they're (in this case, Stevenson's camp) free to go off and try and find a better deal somewhere else and then if they find one, they bring that deal back to you( HBO) and then you have the right to match it."
At that point, once HBO is presented with a written offer they has seven days to decide on what they will do. That window is said to expire on Tuesday.
Stevenson has every right to get the best offer. If HBO refuses to match Showtime's offer, it's on HBO's incompetent ass. Fucking Hershman is paying 3 million for Ward-Rodriguez when I doubt Stevenson-Kovalev would even be that much.
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