Mikey Garcia suing Top Rank?

[big_james10]

I don't know how Steve Kim can say he saw it coming miles away.. The dude was just Reporting about mikey vs gamboa, possibly manny, but never said anything about problems between mikey and top rank....

This is actually surprising since top rank has done a great job with mikey, and have him setup for a future manny fight

If you read the text of the lawsuit, you won't be saying that Top Rank has done a great job with Garcia. If what Garcia alleges in the lawsuit is true, he had no say over who he fought, where he fought, when he fought, how much money he made and would have been stuck with Top Rank for his entire career based on the illegal extensions and provisions such as the one that says if he wins a world title, the contract is automatically extended for another five fights or at least 30 months. Saying TR did a great job with Mikey is the equivalent of saying that a pimp did a great job of promoting his ho.

Its no wonder Floyd Mayweather won't have anything to do with Bob Arum.

[damit305]

The failed Gamboa negotiations might have ignited this suit...

I read a rumor about Garcia wanting $1.3M for the Gamboa fight, but HBO, supposedly, wouldn't budge from $1M.

HBO allots a certain amount of its budget to a promoter for the services of their fighter(s) and adjust the amount depending on the match-up. The promoter doesn't necessarily disclose the allotted amount it received from HBO. They'll disclose a figure "HBO" is offering (which is actually what the promoter is willing to cede to the fighter) to negotiate from there.

If HBO allotted $3M to a promoter for a fight, the promoter can say that HBO is offering $2M for the fight for the fighters to split and keep $1M (from the $3M) + attendance and sponsorship revenue.

An outfit as conniving and smart as Top Rank, would easily develop a model to maximize revenue under the format. Garcia and his team might've heard the actual amount HBO offered instead of the Top Rank said "HBO offered" amount and not liked what he heard.

Either way, it'll be tough to prove... HBO isn't just going to give up evidence to convict its main content supplier and Top Rank won't just leave a criminal paper trail. It's easy to blame a fighter and his camp when you don't understand the boxing business. Good luck to Mikey...

Are you telling me this is the way Arum and company treat their fighters?

Yuriorkis Gamboa should be considered a pioneer. He took a massive **** on a major fight press conference (at the time) vs Brandon Frios.

[OnePunch]

HBO allots a certain amount of its budget to a promoter for the services of their fighter(s) and adjust the amount depending on the match-up. The promoter doesn't necessarily disclose the allotted amount it received from HBO. They'll disclose a figure "HBO" is offering (which is actually what the promoter is willing to cede to the fighter) to negotiate from there.

If HBO allotted $3M to a promoter for a fight, the promoter can say that HBO is offering $2M for the fight for the fighters to split and keep $1M (from the $3M) + attendance and sponsorship revenue.

^^^ This is not accurate^^^

[Sugar Adam Ali]

If you read the text of the lawsuit, you won't be saying that Top Rank has done a great job with Garcia. If what Garcia alleges in the lawsuit is true, he had no say over who he fought, where he fought, when he fought, how much money he made and would have been stuck with Top Rank for his entire career based on the illegal extensions and provisions such as the one that says if he wins a world title, the contract is automatically extended for another five fights or at least 30 months. Saying TR did a great job with Mikey is the equivalent of saying that a pimp did a great job of promoting his ho.

Its no wonder Floyd Mayweather won't have anything to do with Bob Arum.

Lmao...

Mikey was an unknown, that top rank guided to the top, got him title fights and million dollar paydays, tons of tv exposure and was grooming him for a manny fight.
4 years ago nobody knew who he was and now he is one of the faces of boxing, and would be the biggest free agent if he broke free..
Yeah top rank did a spectacular job of raising the profile of mikey into a star. They did this by being a great promoter.. The behind the scenes contract disputes are a different thing all together and have no bearing on how they promoted him... He was promoted perfectly. Abner mares and rigo would kill to have his status right now..

[Russian Crushin]

The failed Gamboa negotiations might have ignited this suit...

I read a rumor about Garcia wanting $1.3M for the Gamboa fight, but HBO, supposedly, wouldn't budge from $1M.

HBO allots a certain amount of its budget to a promoter for the services of their fighter(s) and adjust the amount depending on the match-up. The promoter doesn't necessarily disclose the allotted amount it received from HBO. They'll disclose a figure "HBO" is offering (which is actually what the promoter is willing to cede to the fighter) to negotiate from there.

If HBO allotted $3M to a promoter for a fight, the promoter can say that HBO is offering $2M for the fight for the fighters to split and keep $1M (from the $3M) + attendance and sponsorship revenue.

An outfit as conniving and smart as Top Rank, would easily develop a model to maximize revenue under the format. Garcia and his team might've heard the actual amount HBO offered instead of the Top Rank said "HBO offered" amount and not liked what he heard.

Either way, it'll be tough to prove... HBO isn't just going to give up evidence to convict its main content supplier and Top Rank won't just leave a criminal paper trail. It's easy to blame a fighter and his camp when you don't understand the boxing business. Good luck to Mikey...

Completely false

(b) DISCLOSURES TO THE BOXER- A promoter shall not be entitled to receive any compensation directly or indirectly in connection with a boxing match until it provides to the boxer it promotes--

‘(1) the amounts of any compensation or consideration that a promoter has contracted to receive from such match;

[damit305]

Completely false

(b) DISCLOSURES TO THE BOXER- A promoter shall not be entitled to receive any compensation directly or indirectly in connection with a boxing match until it provides to the boxer it promotes--

‘(1) the amounts of any compensation or consideration that a promoter has contracted to receive from such match;

Who enforces this? Top Rank (promoters), state athletic commissions or sanctioning bodies?

[Russian Crushin]

Who enforces this? Top Rank (promoters), state athletic commissions or sanctioning bodies?

Act provides rules but the Act leaves the enforcement of these rules to the state without defined guidelines. Its a huge mess

[krazyn8tive]

The failed Gamboa negotiations might have ignited this suit...

I read a rumor about Garcia wanting $1.3M for the Gamboa fight, but HBO, supposedly, wouldn't budge from $1M.

HBO allots a certain amount of its budget to a promoter for the services of their fighter(s) and adjust the amount depending on the match-up. The promoter doesn't necessarily disclose the allotted amount it received from HBO. They'll disclose a figure "HBO" is offering (which is actually what the promoter is willing to cede to the fighter) to negotiate from there.

If HBO allotted $3M to a promoter for a fight, the promoter can say that HBO is offering $2M for the fight for the fighters to split and keep $1M (from the $3M) + attendance and sponsorship revenue.

An outfit as conniving and smart as Top Rank, would easily develop a model to maximize revenue under the format. Garcia and his team might've heard the actual amount HBO offered instead of the Top Rank said "HBO offered" amount and not liked what he heard.

Either way, it'll be tough to prove... HBO isn't just going to give up evidence to convict its main content supplier and Top Rank won't just leave a criminal paper trail. It's easy to blame a fighter and his camp when you don't understand the boxing business. Good luck to Mikey...

The business side of boxing is fcuking slimy as hell

[OnePunch]

Who enforces this? Top Rank (promoters), state athletic commissions or sanctioning bodies?

enforcement is definitely a problem. Typically, its only in the courts where these issues are raised. The ABC is useless and always says "its a state matter" regardless of the complaint. And the states usually dont have the manpower or resources to fully investigate Ali Act complaints. So its up to the fighter to sue.

Now with that being said, I can guarantee you that neither Showtime nor HBO would perjure themselves to protect a content supplier. If they are given a subpoena for the revenue records, I guarantee you they will provide accurate records to the court. These are billion dollar companies, that only have a small portion of their overall budgets invested in boxing. They aren't going to involve themselves in violating Federal law just so a content provider can save a few hundred grand.....

[flipbjefrox]

He wants none of gamboa