For starters, Floyd's own team admits they never saw a 50/50 contract signed and ready for Pac's signature in 2009. In fact, Schaefer insisted that Floyd should not have to accept 50% and that he deserved the bigger share.
Per Schaefer himself:
Richard Schaefer, the chief executive officer of Golden Boy Promotions, said he did not recall sending a contract offering a 50-50 split.
"If we had a deal, how come we didn't have a fight?" Schaefer said when asked to comment.
Schaefer said he met Arum shortly before Thanksgiving in 2009 to discuss parameters of a deal, but said he didn't remember sending Top Rank a completed contract for signature that included a 50-50 purse split.
However, in a contract obtained by Yahoo! Sports, paragraph 11 under the section entitled Net Profits reads: "Net Profits shall be allocated 50/50 between GBP and TR." The contract goes on to say that net profits would include a split of "all gross revenues."
In sub-paragraph 11 (a), entitled HBO PPV Fight Night Advance, it reads, "Not withstanding the foregoing, the HBO PPV fight night advance shall be paid 50% directly to GBP and 50% directly to TR."
Schaefer said Pacquiao's reluctance to accept the drug testing Mayweather was demanding in 2009 was "a deal killer." Still, Schaefer told Yahoo! Sports he didn't recall offering a 50-50 split, but said that even had he done so, it wouldn't apply now given what has subsequently happened in the fighters' careers.
"It never happened, but for the sake of argument, let's say that the 50-50 split was offered back then," Schaefer said. "A long time has passed. Let's say that I wanted in 2009 to hire you and I offered you $100,000. We didn't sign a contract, but now, I come to you and said, 'Kevin, I know now you are worth $200,000. You are more accomplished and more famous than you were in 2009, but remember that contract I offered you in 2009 where I said I would pay you $100,000? Well, I want you to sign that now.' Like I said, I don't think that ever happened, but if it did, circumstances are vastly different now."
For another, if such a contract did exist, it would have been posted all over social media and the internet as a way for Floyd to prove he wasn't ducking Pacquiao. That contract has never been materialized. A draft contract is not a final contract.
Per Schaefer himself:
Richard Schaefer, the chief executive officer of Golden Boy Promotions, said he did not recall sending a contract offering a 50-50 split.
"If we had a deal, how come we didn't have a fight?" Schaefer said when asked to comment.
Schaefer said he met Arum shortly before Thanksgiving in 2009 to discuss parameters of a deal, but said he didn't remember sending Top Rank a completed contract for signature that included a 50-50 purse split.
However, in a contract obtained by Yahoo! Sports, paragraph 11 under the section entitled Net Profits reads: "Net Profits shall be allocated 50/50 between GBP and TR." The contract goes on to say that net profits would include a split of "all gross revenues."
In sub-paragraph 11 (a), entitled HBO PPV Fight Night Advance, it reads, "Not withstanding the foregoing, the HBO PPV fight night advance shall be paid 50% directly to GBP and 50% directly to TR."
Schaefer said Pacquiao's reluctance to accept the drug testing Mayweather was demanding in 2009 was "a deal killer." Still, Schaefer told Yahoo! Sports he didn't recall offering a 50-50 split, but said that even had he done so, it wouldn't apply now given what has subsequently happened in the fighters' careers.
"It never happened, but for the sake of argument, let's say that the 50-50 split was offered back then," Schaefer said. "A long time has passed. Let's say that I wanted in 2009 to hire you and I offered you $100,000. We didn't sign a contract, but now, I come to you and said, 'Kevin, I know now you are worth $200,000. You are more accomplished and more famous than you were in 2009, but remember that contract I offered you in 2009 where I said I would pay you $100,000? Well, I want you to sign that now.' Like I said, I don't think that ever happened, but if it did, circumstances are vastly different now."
For another, if such a contract did exist, it would have been posted all over social media and the internet as a way for Floyd to prove he wasn't ducking Pacquiao. That contract has never been materialized. A draft contract is not a final contract.
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