Comments Thread For: Chris Algieri Not Happy With Money From Errol Spence Fight

[KillaMane26]

Man stfu! 300k is good enough for a quick ass whooping. Algeiri already made a few mils off the pac fight so stop crying.

But u cant base that off past fights and the fact that he lost. So if I get a million dollar purse im spose to be okay with getting shtty money in future fights cuz of that one check????

[al-Xander]

PBC is broke. $650K for a guy headlining a perceived 50/50 fight. It's not like Algieri is a name no one has heard of.

That's why I'm laughing at these clowns like Mikey and Rios leaving Arum. Rios has been getting an average of no less than $800K for his fights. He got a guarantee of $4 million in the Pac fight.

[Combat Talk Radio]

This being key. No matter what a promoter says in their own defence, the number one priority is that a fighter gets paid what he's owed for – as Algieri said, stepping in the ring and risking their lives. A promoter sitting behind their cushy desk for decades on end isn't the one who's going to get a brain bleed in the ring.

But u cant base that off past fights and the fact that he lost. So if I get a million dollar purse im spose to be okay with getting shtty money in future fights cuz of that one check????

My opinion: there's a decision. An easy one.

1: Do you want to get criticized for rematches and mismatches? Go to Arum.
2: Do you want to get criticized for catchweights and shady judge decisions? Go to De La Hoya.
3: Do you want to get fights that make or break your career, even if you're not paid top dollar? Go to Haymon.

[Eff Pandas]

in this case it's hard to tell what happened here since there are no details of the negotiations. if the promoter blatantly lied about the purse size then that's definitely BS. but if he said he was fine with 325k and didnt ask about anything else it's kinda ****** to complain about it afterwards. he had his lawyer there so i'm not sure why he didnt figure all of this out before accepting the fight. i know you guys are saying his lawyer was in on it but there's absolutely no proof of that.

that being said i agree 50/50 is not a good split and is total BS. but if chris agreed to a flat purse of 325k you can't really complain afterwards.

Nah. This problem has been out there already & Algieri knew he might be getting f#cked on his next fights with this piece of ****. Thats why its known so quickly. You think a fighter is on top of this days after a fight if he didn't already know it could be a fact? Heres a story from a week ago I had read.

http://www.newsday.com/sports/boxing...ght-1.11672638

Whole article is good, but here are some of the facts. And LOL at this f#cking criminal being open to extend Chris' contract beyond 2018 & then tell him the purse % he's taking. This is why I think promoters are the 2nd biggest problem in the sport only to alphabet groups.

In six days, welterweight Chris Algieri will step into the ring at Barclays Center as the underdog against fast-rising former Olympian Errol Spence in a Premier Boxing Champions event. But a financial dispute with Star Boxing promoter Joe DeGuardia has been a distraction in training.

Though the boxer from Greenlawn had agreed to a set purse, he says DeGuardia has not been forthcoming over what percentage of the total pot that payment represents. Algieri told Newsday he should be entitled to significantly more than 50 percent of the purse.

DeGuardia has responded by saying that Algieri wants to “look in my pocket” and that “it’s an attempt to renegotiate.”

Under the Muhammad Ali Boxing Reform Act, a federal law enacted in 2000, a promoter must divulge that information to a fighter in a bout of 10 rounds or more, but DeGuardia said he won’t provide that information until Friday’s weigh-in — his legal right — and has refused to answer Algieri’s requests for that information over the past two months.

As Algieri sees it, that is a “red flag” in a six-year relationship with DeGuardia that has grown contentious since Algieri upset Ruslan Provodnikov for the WBO super lightweight title two years ago to reach a level where it’s possible to make life-changing money.

To date, Algieri and his team have not pursued any legal action.

“My issue is not the dollar amount, it’s the total package and the fact that he won’t share it with me,” said Algieri, who declined to reveal the purse figure he is receiving against Spence. “I was under the assumption that I would know this information and Joe and I, in good faith, would negotiate the terms.

“It’s a red flag to me. If everything was fair and straight, it should be no problem, especially when I’m legally going to get [the total dollar amount paid to DeGuardia] at the weigh-in. I don’t understand why it can’t be told to me now. I’d rather find out two months before a fight than 30 hours before. What are you going to do about it at that point? You’ve got to fight.”

According to Algieri, He did not learn the actual split until the weigh-ins before his fights with Provodnikov on June 14, 2014, and with Amir Khan on May 29, 2015. He knew the entire amount of the pot prior to his fights with Manny Pacquiao on Nov. 23, 2014, and with Erick Bone on Dec. 5, 2015.

Algieri confirmed that he received $115,000 for Provodnikov and $1.67 million for Pacquiao, but declined to reveal his purse for Khan. Algieri said his purse amounted to 53 percent of the pot for Provodnikov, Pacquiao and Khan before he settled for 30 percent for Bone.

At this stage of his career, Algieri believes he’s entitled to better than a 50-50 split with DeGuardia. “I’m going in there to fight and people are paying to watch me fight,” Algieri said. “ I know other fighters who are making between 70 and 80 percent.

“I have to pay my entire team and pay for my training. End of the day, is [DeGuardia] walking away with more than me even if it is close to 50 percent? I don’t feel like I’m getting a fair shake.”

DeGuardia said he offered to renegotiate his contract with Algieri and his attorney to spell out the splits ahead of time, but they so far have declined. Such a renegotiation would involve an extension of a contract that DeGuardia said he “believes” goes into 2018.

[brettWall]

It's possible Algieri expected Haymon to hand over $1.5 million. In which case $750K would not be so bad.

[Dana White Sr]

PBC is broke. $650K for a guy headlining a perceived 50/50 fight. It's not like Algieri is a name no one has heard of.

algieri getting 650K is a blessing considering he not a draw and losing 2 of his 3 fights. let me ask you this, if pbc is broke for giving a glorified journeymen 650K, then what do you think he would have got fighting for gbp or arum? do you think he would have gotten more than that? NO, and you fvking know it!


as ruthless as it it, algieri has no one to blame but himself and his lawyer for letting joe taking half of his purse.but, but, al haymon is the devil lol

[FrankieBruno]

i thought he was with haymon

[Butch.McRae]

Haymon has absolutely nothing to do with this situation. It's unfortunate that Chris apparently didn't know he was only getting 50/50 on his 650k purse for the fight.

On another note, this might be the first rational purse I have seen on a PBC main event. 650k to Chris and 250k to Spence seems about right. I think this event actually made money. I think this trend will continue, no way the main event for these cards can keep being over 1.5 million when you don't have a premier/competitive match-up that sales tickets.

[HeroBando]

Two viewpoints. On one hand, Algieri should be thankful he made 325K coming off a loss as a B-side vs. Spence who made less than him. On the other hand, if a promoter is taking home 50% of the total pot, it's completely disproportional with what should be happening. Suddenly, a manager like Haymon who only takes 15% and doesn't require a promoter seems like a godsend.

Yes no doubt, as long as money's flowing freely Haymon is the way to go for most of these guys. Difference is, Haymon has never taken promotional risks and lost money on these guys, he's always playing with someone else's money. That said, 50/50 is ridiculous

[HanzGruber]

PBC is broke. $650K for a guy headlining a perceived 50/50 fight. It's not like Algieri is a name no one has heard of.

That's why I'm laughing at these clowns like Mikey and Rios leaving Arum. Rios has been getting an average of no less than $800K for his fights. He got a guarantee of $4 million in the Pac fight.

it was a 10 round fight vs a contender.. how is that bad?