Comments Thread For: Peter Nelson Named Executive Vice President, HBO Sports

[bigdunny1]

It's simple. Go look at PBC's first couple of shows and you can count the advertisers on one hand. I think Corona was their only advertiser the first couple of shows. I just checked my DVR from the Alcine/Charlo fight a cpl weeks ago. I saw fanduel, michelin tires, assassians creed, corona, ball park frank, progressive insurance, a local supermarket, and a credit counseling service. That was just on the Dusty Harrison undercard fight. Those commercials aren't running for free.

My point is not that it has zero commercials it's that the commercials aren't covering the losses because they are paying too much on fight purses and still have to kick back millions to the networks for the time buy. And you are not getting the type of money you need from advertisers when the ratings are basically worse every time out declining almost virtually each month since PBC debuted. You couldn't even hit 500k viewers on ESPN during PRIME TIME. Despite the fact ESPN gave them free promo on sportscenter all day long talking about the fight and then re-aranged their programming to air a boxing documentary as the lead in to the fight. ESPN which does monster ratings in everything it touches can't get people to watch PBC. The PBC fight prior got WORSE ratings then ESPN2 WNBA game that aired head to head. Meaning fans didn't want to watch PBC so bad that they switched off the main ESPN channel to go watch WNBA on ESPN2. Think about that. Whatever limited money they are getting from advertisers is insignificant to the money they are losing and that won't change unless the ratings drastically changed. Advertisement dollars is linked to tv ratings performance.

[BennyBlanco]

Well, he IS pocketing large sums of money by overinflating purses. Or did he recently waive all his management fees? Because if he did, that would be news to several Haymon fighters I know who are still paying him 15%........

Haymon's management fees go to Waddell. He doesn't make a cent. That was part of the overall arrangement.

[BennyBlanco]

Or Hershman didn't want a new contract. He couldn't leave to another job until this expired. By all accounts he left them not the other way around. I have yet to see anyone report that he wanted to stay but was not offered a new contract. Unlike the man who he replaced years ago, ross greenburg. He was pushed out and forced to resign. The narrative and how it's been reported all screams a man who has been extremely successful was having a banner year and is moving on to something better....not a man who is being pushed out the door. Also the person who is taking over also backs this up. If they pushed him out why are they promoting his apprentice who Hershman trained and will likely follow the same philosophy as Hershman? If he was doing a bad job and was pushed out you want to bring in a new voice to do something different not promote his "mini-me" who likely will follow his same path. When Greenburg was forced out of HBO what did they do? Hired a Maverick from outside the company to replace him. They did not promote a Greenburg clone from within.

You mean by Hershman's account, he left them.

He's been on the job four years and he's burned out? Tired of dealing with boxing people? Sounds fishy.

Walking away from a job that pays $1M+ per year with nothing else lined up? That's not a voluntary decision.

[Fetta]

Haymon's management fees go to Waddell. He doesn't make a cent. That was part of the overall arrangement.

Interesting if this is true

[bigdunny1]

You mean by Hershman's account, he left them.

He's been on the job four years and he's burned out? Tired of dealing with boxing people? Sounds fishy.

Walking away from a job that pays $1M+ per year with nothing else lined up? That's not a voluntary decision.

No not just him the guy before HBO trashed him on the way out and linked to reporters that they let him go. Why hasn't HBO done the same if he's forced out? And why they promoting his apprentice if they are upset with his work. That hiring suggest they are happy with hershmans work and want to continue down that path with a guy with same philosophy.

Also how do you know hershman doesn't have a better job lined up? He wouldn't be able to talk about it now because he's under contract still. But next year we will see where he lands and be able to tell.

[Eff Pandas]

Haymon's management fees go to Waddell. He doesn't make a cent. That was part of the overall arrangement.

Link to this info? This wouldn't surprise me tbqh, but I don't recall reading it anywhere. I'm curious if there is legit talk of this cuz there are a small minority of people who think this whole PBC is some Haymon scheme to get that 15%.

[OnePunch]

Haymon's management fees go to Waddell. He doesn't make a cent. That was part of the overall arrangement.

First I've ever heard of that. I have a hard time believing it, especially as it pertains to Haymon fighters that fight on Showtime. Also, if Waddell was receiving revenue related to PBC, I doubt the judge in the Top Rank lawsuit would have summarily dismissed them as defendants.

I certainly could be wrong, but this seems very doubtful to me that Haymon would give away his earnings. I'd be interested in the source for this info......

[IMDAZED]

First I've ever heard of that. I have a hard time believing it, especially as it pertains to Haymon fighters that fight on Showtime. Also, if Waddell was receiving revenue related to PBC, I doubt the judge in the Top Rank lawsuit would have summarily dismissed them as defendants.

I certainly could be wrong, but this seems very doubtful to me that Haymon would give away his earnings. I'd be interested in the source for this info......

Waddell & Reed would marry its capital to Haymon’s management contracts. Revenue would come from the 15 percent that Haymon’s company received from fighter earnings, typically beginning only after the fighter has begun to earn purses of $100,000 or more.

http://m.sportsbusinessdaily.com/Journal/Issues/2015/04/20/In-Depth/Main.aspx?

[OnePunch]

Waddell & Reed would marry its capital to Haymon’s management contracts. Revenue would come from the 15 percent that Haymon’s company received from fighter earnings, typically beginning only after the fighter has begun to earn purses of $100,000 or more.

http://m.sportsbusinessdaily.com/Jou...pth/Main.aspx?

great link, and an interesting read.

The wording of that paragraph is a little clumsy though, and open to several interpretations.

"Revenue would come from the 15 percent that Haymon’s company received from fighter earnings, typically beginning only after the fighter has begun to earn purses of $100,000 or more."

"Revenue" for whom? Haymon? PBC? Waddell? Its extremely vague. If the "revenue" goes to PBC, how much of an ownership stake does Al have vs Waddell?

But if indeed Haymons percentage goes back to Waddell (which im still not convinced of based on that wording) then that would certainly alter my perspective of his ambitions.....

[IMDAZED]

great link, and an interesting read.

The wording of that paragraph is a little clumsy though, and open to several interpretations.

"Revenue would come from the 15 percent that Haymon’s company received from fighter earnings, typically beginning only after the fighter has begun to earn purses of $100,000 or more."

"Revenue" for whom? Haymon? PBC? Waddell? Its extremely vague

But if indeed Haymons percentage goes back to Waddell (which im still not convinced of based on that wording) then that would certainly alter my perspective of his ambitions.....

Both. It's not vague at all smdh. Just think it through.

Some of y'all kill me.