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

[Scipio2009]

Well, considering it would be illegal, that would not be publicized. But Chavez jr is a guy that supposedly got a big signing bonus to join Al Haymon. Same with Abner Mares. These are done in sneaky ways like having the fighter set up an LLC or small promotional company and then Haymon transfering funds to those companies. Its common knowledge Haymon was paying guys to sign with him.

You are deliberately stating that an illegal act not being mentioned means that, of course Haymon is doing it? lol.

Chavez Jr was positioned to run his own show; i have no doubt that Haymon told Chavez Jr and his camp where he thought the money was, but please offer a link to even the rumor of Chavez Jr getting some kind of signing bonus.A link for rumors of some Abner Mares signing bonus would also be helpful.

For the Fonfara and Reyes fights, Chavez Jr (through his JCCJr LLC) was able to note where the revenues were coming from, having his own company take a sizable chunk of the Showtime money (with Tom Brown of TGB staging the Carson fight for him and Leon Margules of Warriors Boxing staging the El Paso fight for him), basically the full Mexico TV rights for the fight, a likely share of the gate, and Chavez Jr's sponsorships.

Haymon's premise is simple; let the fighters fight for their money. Fighters and their managers owe him nothing on the front end, he gets no stake of the fighter purses as their building their names in the sport, and when said fighter gets to the point where they're earning real purses, Haymon gets a rumored fee of 15%.

No locked in deals to promoters, no fighters getting their brains punched in, while everyone else actually gets the money, no holding unhappy fighters hostage (when Andre Dirrell wanted to see what was out there, Haymon let him out of the deal, Dirrell went to fight under 50 Cent's banner, that deal eventually went bad, and Dirrell was able to get back with Haymon with no one harboring any apparent resentments).

For all of this "common knowledge", it's odd that you can't even come up with one example.

[Kigali]

Aren't you one of those clowns celebrating GBP demise when Shaefer was fired and all those fighters went for the easy non-deserved money? Oscar bounds back and has the biggest star making noise with two fights of the year candidate, KO of the year etc, what has Haymon and Mayweather shown in those two years?

You must wear fishnets too.

Aren't you one of those clowns wishing Haymon and the PBC would fail?

Oscar ain't bouncing back from shi.t

[Scipio2009]

What do you mean what example look at the army of fighters Haymon has that have no promotional ties. So how do you think he signed them? By giving them a bigger signing bonus then other promoters. You think these fighters are taking less money and signing with haymon out of the goodness of their heart and not given signing bonus like the rest of the top fighters? LMAO And of course we don't know the amount he overpaid for guys in the past because Haymon don't speak and his fighters never speak on their contracts they have with Haymon. His contracts are basically the most guarded secret in sports.

Again why all a sudden does Mayweather promotions need to be in the picture unless it's money related and they are fronting the signing bonus? None of the other guys haymon scooped up he made sign with Mayweather or any of the other promoters he works with. He keeps more money and control if they sign directly to him. There is a dynamic change whether you want to admit it or not. If this was the standard protocol then Spence, Thurman, Porter, Broner, Wilder would all be signed or steered to sign with Mayweather promotions yet none have deals with Mayweather.

Out of the 200+ fighters under Haymon's advisement, easily 150 of them are prospects just starting their pro careers, hoping to get on a bit of a run to get a shot at being prospect fighters.

Haymon's signing practices, from the outside looking in, are pretty straightforward; contact a fighter and their parent/trainer/lawyer/manager/etc, describe the successes that he's been able to have with other fighters (of all levels), outline the expectations of the path forward, and put forward the proposed deal (Haymon does everything he can to put the fighter in position to launch, and it is made known that Haymon doesn't get a penny from said fighter until they've actually gotten to having a decent-sized purse to start splitting up (@$150k, after paying for training camp/training fees, manager fees, taxes, etc, a fighter would be in decent enough shape to pay Haymon his fee and not walk away from risking their life without earning anything for their family).

Compare the Haymon model to the basic promoter model; rather than getting a check up front and giving a promoter the next 4/5 years of your life, Haymon takes nothing up front, a fighter gets to hopefully build into something, and when things finally take off, Haymon takes a relatively small piece of the take once the fighter is financially "winning" ($150k per fight, over 3/4 fights per year, puts said fighter into the top US tax bracket, where more money would be coming out of their pocket, but they'd be in position to head home to their family with an easy 6-figure income, plus whatever other money that they'd get from sponsors/outside revenue).

If my kid was getting into boxing, was showing promise, and the family could work without the signing bonus on the front end, I'd bet on my kid's talent and pay out whatever money that it ended up being on the back-end, rather than risk a situation like Rigodeaux's or Mikey Garcia's (talent starts to breakthrough, real money starts to be made, and my kid is stuck in a bad situation because of the money he took on the front end and a bad deal).

Floyd Mayweather Jr is in the picture for Mikey Garcia because Mayweather Promotions is potentially the key for Mikey breaking through in Las Vegas. Mikey Garcia is a really good fighter, and could likely build into a really strong draw in SoCal, but Mikey Garcia continuing to win, and Floyd pushing his name out into the world, could be the makings of the next Mexican-American boxing superstar (Mikey likely physically tops out at being a good-sized 140, but he can promo in English and Spanish, is a smart guy, is a handsome guy, and can fight).

None of the names that you've mentioned are likely to be built up for the SoCal/Las Vegas audiences (though Deontay Wilder will end up with fights that'll be spectacle enough to draw interest from MGM Resorts, I can reasonably predict that New York's Barclays Center will be positioned as Wilder's second home away from Birmingham, AL)

[Scipio2009]

I don't see how Mikey isn't going to go with GBP. On paper he is the ideal GBP fighter.

Is Golden Boy Promotions the ideal promoter for Mikey Garcia, though?

GBP runs a ton of small events that are good for local prospects, but Mikey's not a local prospect.

Mikey Garcia, even with all of the time off, is basically positioned as a guy who should return at a venue like StubHub Center and move a good number of tickets.

Outside of Canelo Alvarez's fights, how many shows has the Oscar De La Hoya-led Golden Boy Promotions actually put on that were booked at buildings as big as StubHub?

[Scipio2009]

Oscar can easily get Mikey Garcia not two but 3 dates on TV and am pretty sure HBO is in it.... Golden Boy has being HBOs Favorite fighter/Promotional company for years till the slime Shaefer took all GBP's figters to Showtime and eventually to Haymon.

Mikey should be better off signing with GBP for his own future, and exposure, nothing Haymon/Mayweather can offer tops being in an undercard of Canelo and in HB the F***ing O. you can sign that and put it in the bank.

HBO's boxing budget is drastically below what it was the last time that the Schaefer-run company was being featured on HBO; Golden Boy currently has Ortiz-Ustinov waiting in a que, and that fight is hoping for a chance to be put on in August, if HBO seems to find a way to manifest a dates for them.

I don't know the details of the deal, but I don't doubt that Haymon could get Mikey Garcia two TV dates before the year is over, maybe 3.

People are drastically overstating the impact of fighting on a Canelo unercard, especially when weighed against the potential chance to have your own fight in primetime on terrestrial TV.

[Scipio2009]

That's right. I knew I forgot someone.

Theophane and Ishe getting title fights and tv time...not a bad promoting job if you ask me.




He should go for the deal that gets him the most guaranteed money and that makes the best business sense. Skin color should not even enter into his decision making process.

Those two points aren't the same thing, nor likely to be present in the same deal; Oscar De La Hoya may be willing to lay out a massive amount of money on the front end, but Golden Boy Promotions has all of 3 Canelo dates with HBO, maybe 1/2 dates for just Golden Boy cards, and the rest of their shows are on TV Estrella, a channel that near no one actually gets.

Haymon/Mayweather may not want to lock in the money up front, but having 2-4 TV dates per year (entirely dependent on the level/type of fights Mikey Garcia is looking for) could set the stage for Mikey Garcia to have a better chance to launch to the masses.

[The Big Dunn]

Is Golden Boy Promotions the ideal promoter for Mikey Garcia, though?

GBP runs a ton of small events that are good for local prospects, but Mikey's not a local prospect.

Mikey Garcia, even with all of the time off, is basically positioned as a guy who should return at a venue like StubHub Center and move a good number of tickets.

Outside of Canelo Alvarez's fights, how many shows has the Oscar De La Hoya-led Golden Boy Promotions actually put on that were booked at buildings as big as StubHub?

I think Mikey would benefit from being at GBP. GBP has strong ties to the west coast audience and the mexican/mexican american audience. he'd be able to fight 2x a year on canelo's undercard.

I don't see why GBP couldn't get into stub hub or a similar venue and get Mikey 1 or 2 shows a year as a headliner.

MP seems to be more on the East Coast-brooklyn and DC. I am not sure Mikey has established a base there yet.

[jqSide]

Didn't he leave Arum to join PBC? Why is he even considering GBP? This guy is confused as hell.

[Mitchell Kane]

Is Golden Boy Promotions the ideal promoter for Mikey Garcia, though?

GBP runs a ton of small events that are good for local prospects, but Mikey's not a local prospect.

Mikey Garcia, even with all of the time off, is basically positioned as a guy who should return at a venue like StubHub Center and move a good number of tickets.

Outside of Canelo Alvarez's fights, how many shows has the Oscar De La Hoya-led Golden Boy Promotions actually put on that were booked at buildings as big as StubHub?

They had Vargas-Salido and Postol-Matthysse at Stubhub....and they had intended to put Matthysse-Provodnikov there as well.

[Scipio2009]

I think Mikey would benefit from being at GBP. GBP has strong ties to the west coast audience and the mexican/mexican american audience. he'd be able to fight 2x a year on canelo's undercard.

I don't see why GBP couldn't get into stub hub or a similar venue and get Mikey 1 or 2 shows a year as a headliner.

MP seems to be more on the East Coast-brooklyn and DC. I am not sure Mikey has established a base there yet.

Mayweather Promotions is largely a Las Vegas promotional outfit (according to BoxRec, of the 27 events that Mayweather Promotions has put on, 21 of their shows have been in Las Vegas).

Oscar De La Hoya has been at the helm of Golden Boy for almost two years now, yet TGB's Tom Brown has run the StubHub Center more times than Golden Boy has (with TGB running more big stage show in California, full stop).

AEG jumping ship from Golden Boy let you know what they're impression of Oscar was; with StubHub now being an open shop, other outfits are out-competing Golden Boy for utilization of the venue.

Not sure what it'll take to lock in the co-promotional efforts, but it'd make sense, imo, for Mikey to have Tom Brown working with him and his brother to stage his fights in California at the StubHub Center, before moving things to Las Vegas when the star potential starts to break through (alternating fights between Staples Center and a venue at MGM Resorts in Las Vegas)