Comments Thread For: Mikey Garcia Mulling Offers From Al Haymon and Golden Boy

[Scipio2009]

Interesting because I always assume he was signing with haymon since years ago it was reported he was signing with al and that was what started his beef with top rank. But this dragging on so long has me wondering if he will bolt to golden boy. And why does he need to sign with Mayweather when haymon has tons of fighters who he keeps as promotion free agents that are not signed with Mayweather promotions? My guess is haymon does not have the money to pay a big signing bonus. You see what's going on with pbc and fewer shows and purses going down. So it's now a bidding war with Mayweather promotions and golden boy.

Haymon doesn't do business with Oscar De La Hoya, full stop; from the looks of things, he simply doesn't trust Oscar (Amir Khan stepping out for the fight on his own, Haymon simply made sure that Khan was able to lock in the bulk of the potential money owed to him on the front end).

Haymon has trust in a handful of promotional companies, with Mayweather Promotions being one of them (signing with a company like Mayweather Promotions, no different than the relationship emerging between Deontay Wilder and Lou DiBella, girds Mikey Garcia in the market that he hopes to launch his stardom from); Haymon can leverage things to get Mikey Garcia all of the CA fight opportunities that he wants, but Floyd is basically the conduit to stardom in Las Vegas at this point.

Beyond that, as a general rule of thumb, it doesn't seem like Haymon is all that much a fan of signing bonuses; rather than locking guys into indentured deals from the start, Haymon seems more than content to let his guys "fight for their money", only ever dipping into their pots until things get to the point where a fighter can pay off a percentage and still have a good amount of money to take back to their families.

With the lines being made clear, Mikey now has a real decision to make; "fight for his money" with Haymon/Mayweather (without owing anything on the front-end, and if he's as good as everyone believes him to be, Mikey Garcia is going to be able to keep vastly more of the take on the back-end) or the co-promotional venture with Golden Boy Promotions (Mikey Garcia sets up his own company, RGBA moves along the boxers in their gym on Mikey's cards when possible, and the Garcias work to establish their own company out of SoCal).

no rush

[Scipio2009]

Get your popcorn out will be interesting to see how this plays out. Golden Boy the last year plus has been signing up most of the young blue chip prospects and Robert Garcia is training most of them. He is sending his hot young fighters to golden boy would be strange to see Mikey with haymon and Robert training the next wave of golden boy fighters. Not to mention all the smack Robert has said about Mayweather over the years LMAO

Why? Robert Garcia had fighter with both Golden Boy and Top Rank when the war was going on, and no one had any issue with it.

nothing new

[Scipio2009]

All things considered he should pick Golden Boy over Haymon. All De La Hoya has to tell him is look at all the fighters who have gone with Haymon and how their careers have all stalled. And how the ones that do fight they have all regressed because of the lousy competition they face. Yeah, Haymon may pay his fighters more, but considering how most of his fighters are lucky to fight once a year those hypothetical millions remain just that, hypothetical. At least with Golden Boy he will fight more often and fight better opposition which in the long run will have a real impact on the respect he gets among fight fans and how boxing history will remember him.

Who has Golden Boy launched since Oscar took over actually running Golden Boy? How many dates has Golden Boy actually been able to secure on HBO? How many fight cards has Golden Boy even had on TV this year?

Haymon has the TV dates to work with; depending on what Mikey Garcia is looking for, pay-wise on the first fight back, Haymon has enough dates to put Mikey Garcia on TV three times before the year is out; tuneup late July/early August, 2nd fight in October, third fight around Christmas.

Can Oscar get Mikey Garcia two TV dates for the year?

[al-Xander]

Two years is not enough for this clown to make a decision. He left Arum because Ariza whispered in his ears he should sign up with Haymon/Mayweather.

And who are we kidding? He will go with GBP eventually because it's owned by a fellow Mexican. Nothing wrong with it, but this guy has wasted a lot of time already.

[bigdunny1]

Why? Robert Garcia had fighter with both Golden Boy and Top Rank when the war was going on, and no one had any issue with it.

nothing new

Robert is at a different stage now then he was back then. If he agreed to train a fighter that already had manager and promotional ties that's one thing and he doesn't complain. What I'm talking about is right now Garcia is actively funneling and sending his hot prospects directly to sign with Golden Boy. That's the difference. Garcia clearly has a bias to golden boy because every other day fighters in his gym are inking with Golden Boy. And he has voiced his displeasure with Mayweather in the past I never heard him calling out Top Rank or Golden Boy back in the day.

[Scipio2009]

Sounds like GBP is where the smart money is at. The money offer sounds better + the promoter partnership is what I suspect really peaks Mikey's interest as I stand firm in my belief the Garcia family intends to start a promotional company and this would be a decent enough way to birth it and get it moving in the right direction.

The only upside with Haymon/Mayweather seemed to be that it's a short term deal. He threw in the additional benefit of fighting in July or August but Mikey who gives a f#ck at this point if he fights in July or September + I highly suspect GBP can get Mikey a get the rust off fight whenever needed on Estrella or on some HBO undercard worst case anyway.

If the aim is seemingly to launch 'Garcia Boxing Promotions', I don't see whay Mikey Garcia would lock himself into a longtern deal with a company that doesn't have consistent TV.

Adrien Broner is a screw-up, imo, but he's a solid draw in Cincinnatti and he's shown that he can sell tickets in other markets (8k in DC aint bad); About Billions Promotions will be on the marquee for as long as Broner is still worth watching fight.

If/when Mikey Garcia catches fire again, do you not think that Haymon would be willing to back Mikey's cards with TV?

[bigdunny1]

Beyond that, as a general rule of thumb, it doesn't seem like Haymon is all that much a fan of signing bonuses; rather than locking guys into indentured deals from the start, Haymon seems more than content to let his guys "fight for their money", only ever dipping into their pots until things get to the point where a fighter can pay off a percentage and still have a good amount of money to take back to their families.

Not true. A year to 2 years ago Haymon was throwing around big signing bonus and was signing up all the young talent in boxing. He was out bidding promoters that's why these hot prospects were inking with him and staying promotional free agents. Early last year you couldn't go a week without seeing boxingscene official news of a young fighter signing with Haymon. So what changed? The last 6-8months you see Golden Boy and many other promoters getting the hot prospects. And now a fighter who everyone thought was a lock to sign with Haymon the moment his legal dispute is over is now debating on signing with Mayweather promotions or Golden Boy? That's because both must be willing to offer signing bonues that Haymon for whatever reason no longer is willing to fork over. There are tons of Haymon fighters that have nothing official to do with Mayweather promotions so why does Garcia have to work with Haymon?

When his dispute with Top Rank came up all those years ago the stories were he was signing with Haymon not Mayweather Promotions. So what changed? I follow the money and Haymon probably got too much money going on with PBC which is why you seeing him not sign fighters like we saw in the past. It's also why if you look at PBC purses they have fallen drastically. He now needs other networks to pay for his guys purses (which is why so many of his fighters going back to Showtime/HBO) and other promoters to sign his fighters so they can pay the signing bonus's these fighters looking for not him.

[Scipio2009]

Why is the Mayweather offer only a short-term agreement?

imo, Haymon's m.o. for not holding folks hostage, and Floyd's penchant for not holding anyone hostage either.

In case folks forgot, Floyd Mayweather's first fighter that he brought along, after working to save Ishe Smith, was Jessie Vargas; Floyd got him a solid string of fights to build his rep, Vargas held his own, and when he wanted to see what else was out there, Floyd let him go without any hassle.

Mayweather wants to do business with Mikey Garcia, but a short-term structure allows for both guys to keep these legit, do business together, and walk away without incident if the relationship were to change (Mikey Garcia wanting to build up thing in SoCal versus Mayweather potentially wanting to move Garcia to MGM Resorts in Vegas)

[Kigali]

Two years is not enough for this clown to make a decision. He left Arum because Ariza whispered in his ears he should sign up with Haymon/Mayweather.

And who are we kidding? He will go with GBP eventually because it's owned by a fellow Mexican. Nothing wrong with it, but this guy has wasted a lot of time already.

That would be a dumb move..sign with a coked-up cross-dresser because he's a mexican.

[Scipio2009]

That's what I have been saying from the beginning. Golden Boy and Robert Garcia have a invested together on about 5 prospects (Tanjera, Franco, Navarro, Gamez, Rios) I'm probably missing someone but they have that already going. But all you heard from the Mikey was Mayweather/Haymon.

So again this is Mayweathers/Haymons to lose but Golden Boy just offered a better deal IMO.

Robert Garcia has business with Golden Boy, Top Rank, and Al Haymon at this point; if the idea is to turn RGBA into a basis for a 'Garcia Boxing Promotions', consolidation is going to have to happen.

Why keep the prospects longterm with Golden Boy or Top Rank, when you can build guys under Mikey Garcia and tap the Haymon pool of possible talent to match them against?

It's not a fast process, but it'll work out better than simple hitching the wagon to one company.