Comments Thread For: Golovkin's Promoter Denies They Rejected Offer For Canelo Fight

[JUNIABOY]

Even if the fight generated $100m, you're still talking about clearing $50m once you've paid everyone outside, $40m once you've paid the promoters, and the fighter split still being $30m to Alvarez and $10m to Golovkin, a 3:1 split that actually ends up being a bit rich when you compare the business that each guy actually does.

Alvarez-Smith, once everything is counted (PPV, live gate/site fee, international TV, event sponsors, etc), likely ended up generating nearly $50m in revenue, netting $20m-$25m before paying the promoters. You add that Liam Smith likely didn't command monster money for the fight, and it isn't a stretch to think that Alvarez took home $15m to fight a guy with near no name ID in the US.

Compare that to what Golovkin could on his next 5 fights without Alvarez; Jacobs, Saunders, Eubank Jr, Andy Lee, and a mandatory defense likely won't get Golovkin more than $10m in total.

K2 isn't going to get a share on the entire event, because they don't do the business to merit a share on the entire event, full stop.

Okay, I'll use your number of 50mil going to the fighters. Ok, so 10mil goes to GGG while Canelo gets 40mil. That's a 75/25 split. Still not fair. Do your math again. It's not a 3:1 split...it's a 4:1 split. 25% is going to the B-side fighter who is currently not so much B-side now that their latest ppv numbers have surfaced. GGG is a world-recognized fighter. The guy could fight anywhere in Europe or Asia & make a killing...the guy could fight in Australia & probably sell the place out...he could fight exclusively in Germany the rest of his career & make really good money (exactly what Sturm did). Canelo on the other hand will only fight in Mexico or the American southwest. He can't go stage an event in Germany & make money. He can't go to Moscow & make money. A GGG/Canelo fight would be a world-wide ppv event...not just America & Mexico. If you're going to talk about financials, you can't limit your sight to just America. This fight would be a world-wide event. Therefore, the boxer bringing in half the interest for the income generated will be GGG. That's not a 75/25 split. And we're actually low-balling the amount of money that could be generated for the fight purse. The higher that number goes, the weaker that 8-figure offer looks. And we still don't know what that percentage is that Canelo apologists have been circulating as true...still don't know...it could be 0.001%. We don't know. This is why it would have been a bad decision for GGG's career to take that deal now with the fight a year away with no guarantee of an immediate rematch.

Forget all other matchups for a second. Because I'm not going to waste my time trying to pin down financials on hypothetical match-ups that might not go down. GGG/Canelo is the topic. And if Canelo doesn't come back for the belt he vacated, his legacy will be tainted. If he truly believes he's the best fighter in the world as he's said so many times, then boxing fans should demand he prove it. This was the problem many had with FMJ's rule as Money May (not going to include his reign as Pretty Boy Floyd in this argument)...he kept going on about being TBE, but never went out of his way to challenge himself & prove that he could beat anybody in their prime under any conditions. Ali was a true road warrior & the type of champion boxing fans yearn for...taking on anybody anywhere any time. That's what we want. And here we got 2 guys who seemingly do that...except what went down with Canelo vacating. If Canelo wants to keep forwarding that brand of being the best, he has to beat the best. And currently, that's GGG. The onus is on Canelo's camp to make the fight. They've got the bigger promotion, the deeper pockets, & the notoriety to make any fight at any time. So, why are they being so stubborn about all these stipulations to fight a guy they believe is a "hype job?" Otherwise, acknowledge you're not big enough (or good enogh) than GGG & move on. The deceit forwarded by his camp is dumbfounding.

[JUNIABOY]

@$65 per PPV, 300k PPV buys amount to almost $20m in PPV revenue (likely about $10m once all of the outside parties were paid).

Golovkin-Lemieux, even if you believe Tom Loeffler's numbers (a number that wasn't substantiated by anyone else but Loeffler), ended up doing $7.5m (netting just over $3.5m on the fight).

Alvarez's "flop" still did at least triple the business than what Golovkin has done on PPV; K2 had jack **** to do with Matchroom Sport's PPV, other than ship Golovkin over the week of the fight.

If Golovkin is going to walk away from $10m, that's on him and for K2 to explain to the boxing world as Alvarez moves on with his life.

Stop trying to slice it to make it look like a success. Just stop it. 300k ppv buys is dreadful for Mexican Independence Day...absolutely dreadful. That's basically what he does by himself without a marquee opponent. It means the event bombed. Don't you even remember DLH saying that the Canelo/Smith fight would beat the numbers of Pacquiao/Margarito? Yea, not even close. The gate was nice (not so nice if we believe the rumors about thousands of tickets being given away in the last week). But the ppv. Dude. The ppv. Couldn't even break half-a-million. Dreadful. The world & history will know that if a GGG/Canelo fight never happens, it would be because Canelo was too cowardly to get in the ring with him (aka, vacated). Try visiting another boxing site some time...you'll see the truth from the words of the fans. GGG can move on to bigger & better things. Canelo is literally stuck between Lara rematch & Andrade on one side, & GGG on the other. He is stuck. Unless he fights someone quality in his next fight, the guy would be nothing but a cherry-picker the rest of his life. Once again, GBP is big enough a promotion to stage a fight with GGG at any time...yet they choose not to. If they can't negotiate a better deal with K2, the world over will know that Canelo was too cowardly to fight GGG. That's it. 300k dude....& i actually believe that it's closer to 250k. So, stop trying to slice it to make it look good. At the end of the day, it's still s##t.

[JUNIABOY]

lol.

The initial satellite number gets projected out for the entire event, and you're hear, trying to sell said range as gospel. gtfoh

Okay. What's your numbers? Can you link a site? Because from what I've read from several different boxing sites, the number being reported for Canelo/Smith is 250k-300k. Prove me wrong.

[HeroBando]

Okay. What's your numbers? Can you link a site? Because from what I've read from several different boxing sites, the number being reported for Canelo/Smith is 250k-300k. Prove me wrong.

Glaser said 200k for Smith. Normally Scipio and his fellow travelers love quoting Glaser numbers, not sure what's changed

[JUNIABOY]

Glaser said 200k for Smith. Normally Scipio and his fellow travelers love quoting Glaser numbers, not sure what's changed

200k is worse. Even if we give Canelo/Smith the benefit of the doubt of 300k buys, it's still really bad for Mexican Independence Day. It was a flop. No other way to look at it.

[Tomjas]

Even if the fight generated $100m, you're still talking about clearing $50m once you've paid everyone outside, $40m once you've paid the promoters, and the fighter split still being $30m to Alvarez and $10m to Golovkin, a 3:1 split that actually ends up being a bit rich when you compare the business that each guy actually does.

Alvarez-Smith, once everything is counted (PPV, live gate/site fee, international TV, event sponsors, etc), likely ended up generating nearly $50m in revenue, netting $20m-$25m before paying the promoters. You add that Liam Smith likely didn't command monster money for the fight, and it isn't a stretch to think that Alvarez took home $15m to fight a guy with near no name ID in the US.

Compare that to what Golovkin could on his next 5 fights without Alvarez; Jacobs, Saunders, Eubank Jr, Andy Lee, and a mandatory defense likely won't get Golovkin more than $10m in total.

K2 isn't going to get a share on the entire event, because they don't do the business to merit a share on the entire event, full stop.

Nice try

Golovkin allegedly made $5 million in the Brook fight alone (http://www.totalsportek.com/boxing/g...-purse-payout/) and is in line to make the same against Jacobs.

Saunders and Eubank would bring the same whilst DeGale is potentially bigger

On the other hand, Canelo's options are GGG and maybe Saunders (for which he would earn a truck-load less)

[Jubei]

Nice try

Golovkin allegedly made $5 million in the Brook fight alone (http://www.totalsportek.com/boxing/g...-purse-payout/) and is in line to make the same against Jacobs.

Saunders and Eubank would bring the same whilst DeGale is potentially bigger

On the other hand, Canelo's options are GGG and maybe Saunders (for which he would earn a truck-load less)

$5M was the minimum, he made much more against Brook since the fight did over 500k PPVs and GGG just signed a new deal with RTL Germany. Fight was broadcasted in over 100 countries. He made about $8-9M against Brook.

Canelo vs GGG will do 1.2-1.7M PPVs at $80 which alone is PPV revenue of $120M + sponsors + TV money + Gate for 100k people in Texas. Its basically same offer Pacman got from Floyd, he got offered $40M and ended up making $100m. GGG gets offered $10m and will end up making $25M when there is a reasonsable split.

Anyway, its just talk now, real negotiations start in May next year. Its just hype so everyone keeps talking.

[Scipio2009]

Okay, I'll use your number of 50mil going to the fighters. Ok, so 10mil goes to GGG while Canelo gets 40mil. That's a 75/25 split. Still not fair. Do your math again. It's not a 3:1 split...it's a 4:1 split. 25% is going to the B-side fighter who is currently not so much B-side now that their latest ppv numbers have surfaced. GGG is a world-recognized fighter. The guy could fight anywhere in Europe or Asia & make a killing...the guy could fight in Australia & probably sell the place out...he could fight exclusively in Germany the rest of his career & make really good money (exactly what Sturm did). Canelo on the other hand will only fight in Mexico or the American southwest. He can't go stage an event in Germany & make money. He can't go to Moscow & make money. A GGG/Canelo fight would be a world-wide ppv event...not just America & Mexico. If you're going to talk about financials, you can't limit your sight to just America. This fight would be a world-wide event. Therefore, the boxer bringing in half the interest for the income generated will be GGG. That's not a 75/25 split. And we're actually low-balling the amount of money that could be generated for the fight purse. The higher that number goes, the weaker that 8-figure offer looks. And we still don't know what that percentage is that Canelo apologists have been circulating as true...still don't know...it could be 0.001%. We don't know. This is why it would have been a bad decision for GGG's career to take that deal now with the fight a year away with no guarantee of an immediate rematch.

Forget all other matchups for a second. Because I'm not going to waste my time trying to pin down financials on hypothetical match-ups that might not go down. GGG/Canelo is the topic. And if Canelo doesn't come back for the belt he vacated, his legacy will be tainted. If he truly believes he's the best fighter in the world as he's said so many times, then boxing fans should demand he prove it. This was the problem many had with FMJ's rule as Money May (not going to include his reign as Pretty Boy Floyd in this argument)...he kept going on about being TBE, but never went out of his way to challenge himself & prove that he could beat anybody in their prime under any conditions. Ali was a true road warrior & the type of champion boxing fans yearn for...taking on anybody anywhere any time. That's what we want. And here we got 2 guys who seemingly do that...except what went down with Canelo vacating. If Canelo wants to keep forwarding that brand of being the best, he has to beat the best. And currently, that's GGG. The onus is on Canelo's camp to make the fight. They've got the bigger promotion, the deeper pockets, & the notoriety to make any fight at any time. So, why are they being so stubborn about all these stipulations to fight a guy they believe is a "hype job?" Otherwise, acknowledge you're not big enough (or good enogh) than GGG & move on. The deceit forwarded by his camp is dumbfounding.

First of all, my $50m figure was the net proceeds on the event, before the promoters see a penny of money. $10m to the promoters of the fight, $10m to Golovkin, $30m to Alvarez.

10/40 is actually a 20/80 split; try checking your math.

Beyond that, if Golvokin can go anywhere and "make a killing", why even bother with Alvarez to begin with?

Alvarez has no belt, Alvarez isn't going to be offering him anymore money, and fighting Alvarez does nothing to get him closer to his stated objective of clearing out the division.

May as well just book the Saunders fight, go ahead and stage Wembley, and sell out the venue since he's such a superstar.

[Scipio2009]

Stop trying to slice it to make it look like a success. Just stop it. 300k ppv buys is dreadful for Mexican Independence Day...absolutely dreadful. That's basically what he does by himself without a marquee opponent. It means the event bombed. Don't you even remember DLH saying that the Canelo/Smith fight would beat the numbers of Pacquiao/Margarito? Yea, not even close. The gate was nice (not so nice if we believe the rumors about thousands of tickets being given away in the last week). But the ppv. Dude. The ppv. Couldn't even break half-a-million. Dreadful. The world & history will know that if a GGG/Canelo fight never happens, it would be because Canelo was too cowardly to get in the ring with him (aka, vacated). Try visiting another boxing site some time...you'll see the truth from the words of the fans. GGG can move on to bigger & better things. Canelo is literally stuck between Lara rematch & Andrade on one side, & GGG on the other. He is stuck. Unless he fights someone quality in his next fight, the guy would be nothing but a cherry-picker the rest of his life. Once again, GBP is big enough a promotion to stage a fight with GGG at any time...yet they choose not to. If they can't negotiate a better deal with K2, the world over will know that Canelo was too cowardly to fight GGG. That's it. 300k dude....& i actually believe that it's closer to 250k. So, stop trying to slice it to make it look good. At the end of the day, it's still s##t.

On Alvarez's worse day, Golovkin is still barely a third of the star that Alvarez is, no matter how you try to look at it.

Until folks like you acknowledge that simple reality, you can move on with your life.

[Scipio2009]

Okay. What's your numbers? Can you link a site? Because from what I've read from several different boxing sites, the number being reported for Canelo/Smith is 250k-300k. Prove me wrong.

Lance Pugmire has his range currently at 290k-310k, and that was likely before the initial cable numbers were known to anyone. 320k PPV buys isn't out of the realm of possibility.