Comments Thread For: Miguel Cotto To Work With Golden Boy on Kamegai Fight

[OnePunch]

Here is an article from when he signed with RNS back in March 2015:

http://thaboxingvoice.com/roc-nation.../41781/?var=no


It states that Cotto confirmed to ESPN that he signed a 3 fight deal worth $50 million, plus received a $5 million dollar signing bonus.

That's $55 milliom, that's crazy. Roc Nation was out of their mind for doing that.

How the assistance for Cotto's concerts in PR, Endorsements and other stuff was structured is unknown. I'm just going by what I read on the fine print.

promotional contracts 99% of the time have provisions in them that change the guarantees if a fighter loses a bout during the term of the agreement. They also usually have provisions that allow the promoter to release the fighter if the fighter suffers a loss. But those "release" provisions usually have a time limit like within 90 days of the loss, so thats why Roc had to pay Cotto at least something. They likely could have dumped him for free right after the loss to Canelo (and probably should have).

Unless of course with roc being novices maybe they did not have those provisions in their promotional contracts. I find that doubtful, but if they didnt then thats on them.....

[bigdunny1]

Canelo himself tweeted out at the start of this year his plan was to fight chavez, GGG, Cotto in that order all in 2017. I'm pretty sure he knows his contract with HBO better then anyone. If canelo is hamstrung by being forced to fight on regular HBO he sure ain't acting like it and HBO is not acting like they want to pay him to fight on regular HBO.

[Motorcity Cobra]

You showed nothing they said they had money for GGG/Jacobs which was originally supposed to be regular HBO. It got delayed but when it finally happened it was too expensive to pay for so it went to ppv. Canelo costs more then ggg Jacobs. You yourself have argued in other threads HBO refusing to pay for fights anymore but are now acting like they will block making money off a canelo ppv? You are adding a roadblock that don't exist HBO in 2017 prefers ppv. If HBO wanted they would of enforced his very next fight after injury be on regular HBO but they didnt. Canelo signed 3 years ago yet has only fought once on regular HBO which was days after a Mexican holiday so that excuse is BS too. Kirkland was 4 days after Cinco DE mayo. They have not enforced him fighting on HBO because they can't afford it, it makes more financial sense to just collect money off canelo ppvs. If canelo wants to fight cotto in dec HBO will gladly let him.

GGG-Jacobs on HBO was the fight that was gonna replace Canelo's Dec. date. Or do you think they were gonna do a Canelo PPV date on the same day?

Golovkin-Jacobs to take Canelo’s December 10 date on HBO

https://goo.gl/iPMdQ2

The Kirkland fight was his first fight back on HBO. It was a week after May-Pac. Do you think he was gonna fight a PPV a week after that $100 PPV? His second fight on HBO was Cotto-Canelo PPV in October of '15. His next fight was Khan on PPV and then Smith on PPV. His regular HBO fight is December because they want to get those two PPV's in and not risk injury and missing one of the Mexican Holiday PPV's. If he fights on HBO in Feb and gets injured he's missing that May PPV date. If he fights on HBO in the summer and gets injured he's risking that Sept PPV date. That's why Oscar said if GGG gets injured fighting Saunders in June or July he's gonna miss the Sept fight. December is a safe date and enough time to recover in case of injury for that May date

Peter Nelson even said once the Canelo date got canceled they scheduled the other fights because they had to use the budget. The budget doesn't roll over to the next year so the money had to be spent or it would've been lost.

Stop being ****** and arguing for the sake of arguing

[The Time]

promotional contracts 99% of the time have provisions in them that change the guarantees if a fighter loses a bout during the term of the agreement. They also usually have provisions that allow the promoter to release the fighter if the fighter suffers a loss. But those "release" provisions usually have a time limit like within 90 days of the loss, so thats why Roc had to pay Cotto at least something. They likely could have dumped him for free right after the loss to Canelo (and probably should have).

Unless of course with roc being novices maybe they did not have those provisions in their promotional contracts. I find that doubtful, but if they didnt then thats on them.....

Yeah, Roc Nation shot themselves in the foot over paying star boxers. They've suffered big losses. So it wouldn't surprise me if they weren't aware of those provisions since they are new to the boxing game. They may have had an agreement also in the contract with Cotto if Cotto was not able to complete his 3 fight deal. Or they may have just worked out the buy out of the contract this week. Who knows, really.


Good info though, good post sir.

[bigdunny1]

GGG-Jacobs on HBO was the fight that was gonna replace Canelo's Dec. date. Or do you think they were gonna do a Canelo PPV date on the same day?

The Kirkland fight was his first fight back on HBO. It was a week after May-Pac. Do you think he was gonna fight a PPV a week after that $100 PPV? His second fight on HBO was Cotto-Canelo PPV in October of '15. His next fight was Khan on PPV and then Smith on PPV. His regular HBO fight is December because they want to get those two PPV's in and not risk injury and missing one of the Mexican Holiday PPV's. If he fights on HBO in Feb and gets injured he's missing that May PPV date. If he fights on HBO in the summer and gets injured he's risking that Sept PPV date. December is a safe date and enough time to recover in case of injury for that May date

Peter Nelson even said once the Canelo date got canceled they scheduled the other fights because they had to use the budget. The budget doesn't roll over to the next year so the money had to be spent or it would've been lost.

Stop being ****** and arguing for the sake of arguing

You are arguing a point you don't agree with you have clowned HBO for their budget called them Liars denying the money issues they have but are now taking as gospel a rumor they were willing to pay for a non ppv canelo fight that never existed because he got injured after his smith fight. For all we know it plays out exactly like ggg Jacobs which we were told would be regular HBO late 2016 but ended up going to ppv like everything else these days from hbo. So if they lied about ggg/Jacobs what makes you think they weren't lying about canelo as well? In Janunary canelo himself said he wanted to fight Cotto in dec. Not a reporter not HBO canelo said the plan was chavez may, ggg sept cotto dec. Now you telling us that he can't fight cotto in Dec because HBO won't let him. It's a foolish premise. HBO hasnt enforced him to fight on regular HBO in over 2 years. That's the facts and HBO nor canelo have made any mentions this year of him fighting on regular hbo. Please show us if you can find one I already pointed to canelo directly saying the opposite.

[Motorcity Cobra]

Canelo himself tweeted out at the start of this year his plan was to fight chavez, GGG, Cotto in that order all in 2017. I'm pretty sure he knows his contract with HBO better then anyone. If canelo is hamstrung by being forced to fight on regular HBO he sure ain't acting like it and HBO is not acting like they want to pay him to fight on regular HBO.

He didn't tweet that. That came from some fake Canelo Promotions page

Con gusto los atendemos!!
Ya firmó el primero @jcchavezjr1 pic.twitter.com/bS1QiyGIo9

— canelo promotions (@canelopromotion) January 14, 2017

The link on their page ( http://www.caneloteam.com/ ) is a dead link and doesn't lead to Canelo's real webpage http://www.saulcaneloalvarez.com/

[bigdunny1]

When they signed canelo 3 years ago he was a significantly smaller star and HBO had more resources invested in boxing. Since then canelo has grown by leaps and bounds is now the cash king and HBO has lowered their resources lost the guy running the ship Hersmen replaced him with stooge in Nelson who's hands are tied with the amount of shows HBO broadcasts dropping off a cliff. They simply can't afford to pay canelo so they are content collecting their cut from his ppvs. You make no sense because if they could enforce it he would of fought more the once in the 3 years he's been on HBO. Their entire landscape in boxing has changed from just a year ago let alone 3 years ago. Please find me one quote from HBO this year saying canelo is fighting on regular HBO? I'll wait

[The Time]

Say what you will about Cotto being a diva but the guy knows the boxing business.
He signed a 50 million dollar 3 fight deal with Roc Nation even though he was clearly past his prime, and got paid a massive amount for 2 of those fights.
They couldn't make a deal on the 3rd fight so they parted ways with Roc Nation paying him to cut ties and he simply walks to another promoter.

Dude's a hustler. Got to love it.

Lol, Yup, got paid. Virtually stole Roc Nations money.

[HanzGruber]

why is he fighting this dude

[Don Pichardo]

Here is an article from when he signed with RNS back in March 2015:

http://thaboxingvoice.com/roc-nation.../41781/?var=no


It states that Cotto confirmed to ESPN that he signed a 3 fight deal worth $50 million, plus received a $5 million dollar signing bonus.

That's $55 milliom, that's crazy. Roc Nation was out of their mind for doing that.

How the assistance for Cotto's concerts in PR, Endorsements and other stuff was structured is unknown. I'm just going by what I read on the fine print.

I agree niether of us no the actual details because we haven't see or read the contract. So we won't know for sure the terms. I agree the terms were extreme. It was rocs investment into boxing. They hooked two big names to get their foot in the door. Now that they are in they want to make good business moves. 15 mil for the kalgiami (sp) fight wasnt a good move.