Comments Thread For: Julio Cesar Chavez Jr. Inks Contract With Al Haymon
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A guaranteed purse isn't an incentive, or at least it shouldn't be for fighters. That's what got Bradley messed up and now he knows he got sold a pipedream with that supposed $10m rematch "guarantee" against Pacquiao. Anyway, Arum never made an offer to Chavez that didn't include an extension, at least according to both Arum and Chavez. Every offer had that caveat.Comment
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A guaranteed purse isn't an incentive, or at least it shouldn't be for fighters. That's what got Bradley messed up and now he knows he got sold a pipedream with that supposed $10m rematch "guarantee" against Pacquiao. Anyway, Arum never made an offer to Chavez that didn't include an extension, at least according to both Arum and Chavez. Every offer had that caveat.
http://******.craveonline.com/news/3...lovkin-falloutComment
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No, both Arum and Chavez' manager say there was a no extension offer, just for much less money:
http://******.craveonline.com/news/3...lovkin-fallout
Arum indicates to BoxingScene that Chavez is obligated to Top Rank for one more fight and has until October of 2015 to fulfill that obligation. Top Rank made an initial offer of $6.6 million to face Golovkin, with a clause for a two-fight extension. After Chavez rejected the initial offer, Arum says a second offer was made for $7 million with a one fight extension and Chavez had until June 2015 to fulfill that one fight obligation. If Chavez lost to Golovkin, then Top Rank would guarantee him $5 million for the next fight. And if he beat Golovkin, then Top Rank would guarantee him $10 million for the next fight.
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So that would be what he was referring to. Unless this was a third offer from Arum?Comment
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The "one bout offer" was for one extension, meaning one more fight. That's why they keep comparing it to the "two fight extension."
Arum indicates to BoxingScene that Chavez is obligated to Top Rank for one more fight and has until October of 2015 to fulfill that obligation. Top Rank made an initial offer of $6.6 million to face Golovkin, with a clause for a two-fight extension. After Chavez rejected the initial offer, Arum says a second offer was made for $7 million with a one fight extension and Chavez had until June 2015 to fulfill that one fight obligation. If Chavez lost to Golovkin, then Top Rank would guarantee him $5 million for the next fight. And if he beat Golovkin, then Top Rank would guarantee him $10 million for the next fight.
Stay updated with the latest boxing news, fight results, interviews, and rankings. Get real-time coverage of upcoming bouts, analysis, and exclusive insights from the world of boxing.
So that would be what he was referring to. Unless this was a third offer from Arum?
The likely demise of the Julio Cesar Chavez Jr.-Gennady Golovkin fight comes down to what Chavez manager Billy Keane said was Top Rank's "far beneath market value" offer to Chavez.
"We agreed on the purse [offered in the deal with the extension], the venue, the weight, the opponent. We agreed on everything except the two-fight extension," Keane said. "Top Rank was not willing to honor that deal without the extension. Subsequently, they offered a stand-alone fight without the extension but the basic terms included a guarantee for what Julio made for [the first Bryan Vera fight], the same guarantee that Golovkin was getting and less than one-third of the original offer with the extensions, which is obviously far below what is fair for pay-per-view fights of this stature."Comment
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