Comments Thread For: Ellerbe, Koncz Trade Verbal Shots Over $5 Million Fine

[Phenom]

Dude you are talking out of your ass this hold thread. I come from a legal backround so let me educate you. Just because a $5 million penalty is in a drug testing contract that would not prevent a lawsuit for punitive damages due to the fight being cancelled. That drug testing contract is voluntary and is agreed upon by both sides. The promotional contract would constitute penalties if the fight is cancelled for any reason and that is always negotiated separately. No judge would say the $5 million penalty is the only barometer for loss and Arum knows that as well as anybody because him and Don King have been sued for damages numerous times and have had to settle for more and less than what was in the promotional contract.
And yes Mayweather's team did settle the lawsuit that Manny brought against them just as discovery information was being requested.
Golden Boy released their statement saying:
""Richard Schaefer and Oscar De La Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs, and further state that we do not have any evidence whatsoever of such use," the statement said.

"Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance-enhancing drugs."

And the Mayweathers released their own statement as part of the settlement:
wish to make it clear that they never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs.

“Nor are they aware of any evidence Manny Pacquiao has used performance-enhancing drugs. Manny Pacquiao is a great champion and no one should construe any of our prior remarks as claiming that Manny Pacquiao has used performance-enhancing drugs.”

The 5 millions would be the agreed upon stipulation any future lawsuit wouldn't have much weight if you really came from legal background then you must have ****** at it

[KickedOuttaGQ]

Dude you are talking out of your ass this hold thread. I come from a legal backround so let me educate you. Just because a $5 million penalty is in a drug testing contract that would not prevent a lawsuit for punitive damages due to the fight being cancelled. That drug testing contract is voluntary and is agreed upon by both sides. The promotional contract would constitute penalties if the fight is cancelled for any reason and that is always negotiated separately. No judge would say the $5 million penalty is the only barometer for loss and Arum knows that as well as anybody because him and Don King have been sued for damages numerous times and have had to settle for more and less than what was in the promotional contract.
And yes Mayweather's team did settle the lawsuit that Manny brought against them just as discovery information was being requested.
Golden Boy released their statement saying:
""Richard Schaefer and Oscar De La Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs, and further state that we do not have any evidence whatsoever of such use," the statement said.

"Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance-enhancing drugs."

And the Mayweathers released their own statement as part of the settlement:
wish to make it clear that they never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs.

***8220;Nor are they aware of any evidence Manny Pacquiao has used performance-enhancing drugs. Manny Pacquiao is a great champion and no one should construe any of our prior remarks as claiming that Manny Pacquiao has used performance-enhancing drugs.***8221;

Bumping this because you FL0MOR0NS seems to ignore it cause you're either too ****** to read or still have floydsgizz on your eyelids.

[Yuiopy]

Here's both sides of the story

Most likely if there is a positive result for PED's, this fight would get cancelled.

Pacman:
Pacquiao is guaranteed $80 million by Top Rank, but would lose out on some of the PPV sales, merchandising, tickets, etc.

Top Rank would be the loser on their side because of the $80 million they would still have to give to Pacquaio weather the fight happens or not.

Mayweather:
Mayweather guaranteed $120 million to himself (meaning the first $200 million the would go to Mayweather Promotions and Top Rank for the purses)

If the fight gets cancelled, Mayweather would not get the $120 million, but he also wouldn't have to pay it like Top Rank would have to pay it.

------------------------------------

Placing a $5 million cap is not realistic because because that's pennys compared to what this fight is worth.

USADA doesn't have the authority to ban fighters in boxing, it would be the Nevada State Athletic Commission who would penalize the fighter. But then again, it's up to the other states to uphold the penalty if they want to.

That doesn't make any sense. If the fight is cancelled, why would Top Rank still pay Pacquiao? And no fine in the world can put a "cap" on how much you can sue for damages or lost revenue. Top Rank themselves can sue Pacquiao for lost revenue, fine or no fine.

[GRUSTLER]

replying with a meme? run out of argument i see.

i owned you once again

[IMG]http://i67.***********.com/albums/h315/GRUSTLER/jay-z_zpsygb176zt.png[/IMG]

I don't have to debate with you because everyone else is ping pong slapping you around. I guess you are just a glutton for punishment.

[MrRolltide91]

Dude you are talking out of your ass this hold thread. I come from a legal backround so let me educate you. Just because a $5 million penalty is in a drug testing contract that would not prevent a lawsuit for punitive damages due to the fight being cancelled. That drug testing contract is voluntary and is agreed upon by both sides. The promotional contract would constitute penalties if the fight is cancelled for any reason and that is always negotiated separately. No judge would say the $5 million penalty is the only barometer for loss and Arum knows that as well as anybody because him and Don King have been sued for damages numerous times and have had to settle for more and less than what was in the promotional contract.
And yes Mayweather's team did settle the lawsuit that Manny brought against them just as discovery information was being requested.
Golden Boy released their statement saying:
""Richard Schaefer and Oscar De La Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs, and further state that we do not have any evidence whatsoever of such use," the statement said.

"Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance-enhancing drugs."

And the Mayweathers released their own statement as part of the settlement:
wish to make it clear that they never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs.

“Nor are they aware of any evidence Manny Pacquiao has used performance-enhancing drugs. Manny Pacquiao is a great champion and no one should construe any of our prior remarks as claiming that Manny Pacquiao has used performance-enhancing drugs.”

arum already explained why both sides didn't agree to the 5 mill penalty

[jjsmyth87]

The conflict within yourself about Pacquiao doping or not, is warmth to my soul . You feel it don't you, Pacquiao is a fraud.. You KNOW HE IS, ACCEPT IT, STOP DOUBTING WHAT YOU FEEL!! Becoming reasonable will set you free, and you will understand why you looked like an idiot for years now.

We will see may 2nd. Your hero will be all over the floor. Do you believe in karma. See obviously I still do. Because you killed freeway in a battle, and then a freeway almost killed you. You went from artistic to austic. Your the black al Bundy.

[Brickyardigan]

Here's both sides of the story

Most likely if there is a positive result for PED's, this fight would get cancelled.Pacman:
Pacquiao is guaranteed $80 million by Top Rank, but would lose out on some of the PPV sales, merchandising, tickets, etc.

Top Rank would be the loser on their side because of the $80 million they would still have to give to Pacquaio weather the fight happens or not.
Mayweather:
Mayweather guaranteed $120 million to himself (meaning the first $200 million the would go to Mayweather Promotions and Top Rank for the purses)

If the fight gets cancelled, Mayweather would not get the $120 million, but he also wouldn't have to pay it like Top Rank would have to pay it.

------------------------------------

Placing a $5 million cap is not realistic because because that's pennys compared to what this fight is worth.

USADA doesn't have the authority to ban fighters in boxing, it would be the Nevada State Athletic Commission who would penalize the fighter. But then again, it's up to the other states to uphold the penalty if they want to.

These Pacquiao fans are SO DUMB!!! They do not understand IT'S LEVELS TO THIS boxing business. Pacquiao not only will be sued by Mayweather, but Top Rank will also have to sue their fighter so they can collect their losses. Especially when Mayweather will essentially sue Top Rank to the point they will have to file for Bankruptcy and Mayweather Promotions will basically cannibalize them and take over their business. The fight being cancelled will destory Pacquiao and Top Rank especially. Arum wised up on that ****** little bet Konzc tried to do because he knew it will be a dumb move. He chose his words carefully in that interview because he did not want certain language to be used in court if Pacquiao tests dirty and Mayweather's team come after them with full rights to break the bank.

[SchoolTheseCats]

Dude you are talking out of your ass this hold thread. I come from a legal backround so let me educate you. Just because a $5 million penalty is in a drug testing contract that would not prevent a lawsuit for punitive damages due to the fight being cancelled. That drug testing contract is voluntary and is agreed upon by both sides. The promotional contract would constitute penalties if the fight is cancelled for any reason and that is always negotiated separately. No judge would say the $5 million penalty is the only barometer for loss and Arum knows that as well as anybody because him and Don King have been sued for damages numerous times and have had to settle for more and less than what was in the promotional contract.
And yes Mayweather's team did settle the lawsuit that Manny brought against them just as discovery information was being requested.
Golden Boy released their statement saying:
""Richard Schaefer and Oscar De La Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs, and further state that we do not have any evidence whatsoever of such use," the statement said.

"Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance-enhancing drugs."

And the Mayweathers released their own statement as part of the settlement:
wish to make it clear that they never intended to claim that Manny Pacquiao has used or is using any performance-enhancing drugs.

“Nor are they aware of any evidence Manny Pacquiao has used performance-enhancing drugs. Manny Pacquiao is a great champion and no one should construe any of our prior remarks as claiming that Manny Pacquiao has used performance-enhancing drugs.”

the agreed upon 5mil fine will limit liability because it's agreed to for a fail test which will cancel fight you can't then turn around sue for something you already agreed to be payed for.......

[Yuiopy]

The 5 millions would be the agreed upon stipulation any future lawsuit wouldn't have much weight if you really came from legal background then you must have ****** at it

That doesn't make any damn sense. How is having a stipulated fine going to prevent TMT/Top Rank from suing from lost revenues? HBO/Showtime from suing for lost revenue? The NAC from suspending either fighters? The $5 million fine would actually just stipulate the MINIMUM amount the the fighter loses.

[Eagle Eye]

Here's both sides of the story

Most likely if there is a positive result for PED's, this fight would get cancelled.

Pacman:
Pacquiao is guaranteed $80 million by Top Rank, but would lose out on some of the PPV sales, merchandising, tickets, etc.

Top Rank would be the loser on their side because of the $80 million they would still have to give to Pacquaio weather the fight happens or not.

Mayweather:
Mayweather guaranteed $120 million to himself (meaning the first $200 million the would go to Mayweather Promotions and Top Rank for the purses)

If the fight gets cancelled, Mayweather would not get the $120 million, but he also wouldn't have to pay it like Top Rank would have to pay it.

------------------------------------

Placing a $5 million cap is not realistic because because that's pennys compared to what this fight is worth.

USADA doesn't have the authority to ban fighters in boxing, it would be the Nevada State Athletic Commission who would penalize the fighter. But then again, it's up to the other states to uphold the penalty if they want to.

I don't think it's a cap. It's a penalty in case either fighter is found to be using an illegal substance. They can still sue for damages for loss revenues.