Vargas turned down $1.61 Mil to fight Brook

[Scipio2009]

What's he gonna get taxed in the UK if he fights there? That maybe the reason, not to mention he'd still have to pay US taxes

tax treaty between the UK and US; unlike Manny Pacquiao, i'd hope that Vargas would have someone sharp enough in his camp to keep the log of whatever tax is paid in the UK, for a dollar-for-dollar offset off of whatever tax bill owed in the US.

[Scipio2009]

Why doesnt Kell just go to the US?

Nobody wants to come over here to get screwed over by Hearns dodgy ways

Because Brook-Bizier saw both fighter divy up $3m-$4m in purses; you take that fight to Canada and you likely cut the business in half.

[Scipio2009]

Yup all of these idiots who thinks he will take home 1.6 million forget about all of the other charges he will incur

If these guys were in the same position as Vargas, they would also ask for more.

Eddie Hearn can afford to pay more, he just doesnt want to

Vargas is going to see significant money come back to him come tax season; as a US citizen, he only owes ~35% of his income(consolidating the brackets) plus whatever he'll likely owe from the AMT. You then figure that (if he's smart), he's got the rest of his camp affairs running through an LLC and he's going to see far more of the purse than you think.

Eddie Hearn, say what you want to say about the man, is still running a business and put up an offer that would pay Vargas three times the money he's ever seen for a fight.

What sensible thought or statement could you come with to justify asking for 6 times the money you've ever seen on a fight? lol.

[Scipio2009]

Look lets face it only a desperate boxer with nothing to lose will come over here, unless Eddie Hearn makes it worth their while

Eddie gave Charles Martian $2.5 million

Vargas probably wants the same amount

Charles Martin was the IBF heavyweight champion, brought over to face off against Britain's fastest rising star, to hopefully start the launch in earnest.

Vargas has nowhere near that leverage and you know it.

[Scipio2009]

Please break it down for me.

How do you know the previous biggest pay day vargas has had?

And how do you know after taxes it's 3 times more?

...because Vargas' manager said that very thing, and he's the only party here with fiduciary responsibility to Vargas.

Beyond that, the tax structure, in all likelihood, likely hasn't changed all that much since Ali-Vargas; Vargas is still a US citizen and resident of Nevada, for all intents and purposes.

There's a bigger check to cut up, but the US tax percentages haven't changed any.

[deathofaclown]

Why should he receive the same as Martin?

Every event has a budget and Joshua generates more money than Brook, so the budget can be stretched for AJ's opponent. Brook's events don't generate as much unless another big name is his opponent, Vargas isn't that big name. $1.6m is more than generous for a fighter nobody has heard of outside of people who follow the sport closely. It's 3x more than he's ever earned. His own promoter barely gives him 500k to fight, before expenses and taxes and now he's going to turn down $1.6m...

You can tell most people on here have no concept of how business and finance work, how everything has it's own budget that must be considered. What Kell Brook's opponent gets paid has no relation to what AJ's do. They're 2 different fighters who generate different amounts of income. The only common thing is Eddie Hearn is the promoter. It's like saying the opponents of Linares deserve paying the same as Khan got for Canelo, because Golden Boy promote them both. That's just ridiculous.

[Scipio2009]

That's pretty **** money, especially for having to travel across the Atlantic. I get the whole "3x more" but they offered a 140 lber without a belt, Adrien Broner, 7M reportedly. I'm sure Vargas looked at that and said no way.

If Kell Brook wants a fight he needs to go to America to get one.

Adrien Broner brought with him Showtime TV (and I'd assume the hope of interest in the UK due to his social media exploits); Brook-Broner would've been on Sky Box Office, with a brash opponent for Hearn to sell to the British press.

Sit and punch the numbers, you finance Broner's entire purse with 300k PPV buys on Sky Box Office; the full live gate(the lion share of Hearn's typical event) and any PPV buys beyond that finance everything else.

Vargas, outside of the vacant belt that he won, brings none of the extra potential revenues to the fight.

[sunny31]

More than fair offer. People are dreaming with some of their numbers, how much money do you think these events actually make? Remember Hearn has to pay Brook as well, and Brook's purse would be at least what Vargas is getting if not slightly more. That is $3.5-4 million on the main event purses alone, and to be honest for this to be on ppv and actually be successful it would need to supported with a pretty solid undercard as well.

Kell Brook is pretty well known now, but not exactly what I would call a household name, and although Vargas is a champion and it would be a unification fight, Vargas isn't exactly one of the top dogs either.

With an above average ppv take, showtime or HBO on board, a good gate, they may be able to cover the event. I think this shows two things, first that Hearn is serious about getting Brook a challenging fight, because at that level to me it seems he would be risking making a loss on the event. It also shows confidence in his fighter that he will get the job done and his investment will pay off later when Brook gets to a huge fight.

[NaijaD]

Bet your bottom dollar that Brook vs Vargas will be PPV As if Hearn can hand out 3-4 million dollars without PPV.

In what world would Brook take a paycut vs Vargas? What planet are you living on ffs?

I don't know why you're arguing with that Khan stan.... listening to him talk about Brook is like listening to an Atheist talk about Christianity.

Vargas is getting enough money to take the fight, comparing him to Charles Martin is void. Martin had a title, Joshua DIDN'T..... they obviously knew the value of getting AJ a belt so Martin was worth much more to them than Vargas is to Brook.

[tiois85]

Still wondering why Brook isn't worth the "investment" cos what's Hearn gonna do with brook now?

I agree it's probably a reasonable offer however since its not going anywhere Brook only gets more desperate.

At the end of it Brook is left without a huge summer fight, and the ww division continues to pass him by, so you win the argument that the offer was ok but Brook still loses....