Comments Thread For: Ortiz, Trainer Angered Over Promoter's Handling of Joshua Talks

[Jab jab boom]

Sounded odd that he'd turn down that much money at this late stage of his career. His promotor thought he could play hard ball and got sonned. Sounds like a fireable offense to me.

[Deus]

Could have sworn according to NSB the whole thing was a sham and Hearn was just lowballing Ortiz because he didn't really want Joshua to face him. Oh and Hearn was lying about the offers he was making too.

Here's hoping that Hearn hasn't signed anything with anybody else yet and Ortiz can get his team to actually make the damn fight rather than act like a bunch of ****s and then we can have a heavyweight fight to look forward to this year..

[SchoolTheseCats]

Listening to you fools claim it’s pbc trying stop Ortiz from taking fight when at this very moment it’s another pbc guy in the running to land the aj fight.... his promoter tried be greedy and it backfired

[OnePunch]

Awww okay. Good sh^t.

Random question.

Since I know you weren't a sham promoter, like Dade appears to me to be, & actually put on shows & as a lil guy in the promotional world would recieve offers from bigger promoters to put your contracted fighters into bigger fights/better opportunities at times what was your feeling on what your take of the full offer should be?

Basically what % did you take off the top & if it depended on the situation what made the % go up or down?

And is there a standard % range of acceptableness for a promoter to take before you are just fleecing the boxer in the industry?

Also what are the benefits, if any, of signing a deal with a promoter who doesn't put on shows as this Dade Promotions seems to be? To me it just looks like you're hiring a middleman where one isn't needed.

my situation was a bit different in that I had other business interests, so boxing did not need to be a source of income for me. As long as I wasnt losing too much money, it didnt matter what I made.

But looking at it from the outside, a promoter does incur expenses with the development of a fighter. To get a novice from 0-0 to say 18-0 will cost a promoter close to $250k, even more if the fighter was a well-known amateur, has a high KO percentage, or is a lefty. So at some point the promoter needs to recoup his investment. And I am speaking in general here, because I would suspect this Dade promotions outfit has not spent 30 cents on Ortiz career. And I know that because when Ortiz fought on one of MY shows early in his career, it was Henry Rivalta who paid his purse, not this Dade outfit. Or maybe they bought his paper later on or something, who knows.

But all that being said, the promoter should take into account the fighters situation, how much is his management taking, how much is his trainer taking, is he paying child support or other obligations, etc, etc, but IMO under no circumstances should a promoter take more than 10-15% in these situations where they are not even doing the event. They should still recover any advances or other monies owed out of the purse deductions, but their initial profit off the top should not go over 10-15% IMO.......

[LA_2_Vegas]

This is pretty bad if true. They all could just pointing fingers at each other for damage control who knows.

But the next time Ortiz has Wilder hurt and ready to go...and he's told to wait in the corner to come out for the round because Wilder needs another timeout, I'm sure he'll be wondering why he chose to stay "loyal"

[SchoolTheseCats]

I don't think you understand this situation.

Eddie, Ortiz & his manager can't decide upon sh^t without the signing off of the fight on an agreed upon offer that Ortiz's Promoter thinks makes sense to him.

Ortiz & his manager can pressure or shame the Promoter into accepting the offer cuz the Promoter making $2M of the $7M offer (I'm pretty sure thats what Eddie implied/hinted at cuz Eddie denied $5M was the offer, but obviously Eddie knows the business & that his offer isn't the offer Ortiz's was getting offered & Eddie isn't trying to get into these other mfers business like that here) does seem more than fair for the promoter lol.

This situation got a whole lot crazier cuz I wasn't even aware Ortiz HAD a f#cking promoter. I'm looking back at articles today & am seeing Dade Promotions being brought up in a lot of Ortiz's deals. But I guess I overlooked that cuz wtf is Dade any f#cking way. Dade looks to me like one of these bs "promoters" that doesn't even put on fights or I've not found a show they've put on anyway.

These f#cking Cuban guys always signing with legit sham promoters lol. Rigo had one of these promoters that don't put on fights situations for a long ass time too (& may still idr if it ended or not).

Rule 1 of signing with a promoter. Make sure he's a promoter who actually does f#cking shows or you are basically just hiring a extra manager middleman-like guy whos not even looking out for your 100% best interest like a manager who's getting a piece of what you get. These fake ass promoters are giving fighters a piece of what THEY can get off of your accomplishments.

Rigo with caribe and Ortiz with dade promotions get into slave contracts because they helped them defect from Cuba, why both of them based in Florida and never puts on any shows

[James Hunt]

You don't understand how the business end of the sport works.

The promoter, Dade Promotions in this case, is the first line of defense on making a deal. Everyone should know this by now with all the recent lawsuit talk & twitter bs with Floyd offering Ryan Garcia, a fighter contracted to GBP, a deal.

Anyone else is only getting 2nd hand info on what the deal details are from Dade including Haymon.

In fact afaik Ortiz isn't even a Haymon guy. He's merely fighting on PBC via a deal Haymon made with Dade promotions. Everything goes through Dade.

I legit didn't even realize Ortiz HAD a f#cking promoter til today so the whole dynamic of this situation has changed upon learning this news. I thought he was a free agent & was doing deals himself/with his manager.

On paper (by the law), that's how it's supposed to be. I said de facto. Does the law also define the role of an "advisor" and what are his responsibilities (& rights)?

[bigdunny1]

Quite possible

But what about wilder and Kownacki turning down crazy money ?

There’s a on going pbc trend

A different PBC fighter is now reportedly the front runner to land the Joshua fight. Even Ortiz, his manager, trainer are all saying it's not Haymon it's his promoters Dade Promotions who lied. Not everything is Al Haymons fault. Dade Promotions are crooks who have had their hooks in this man since he got out of Cuba. Ortiz was a elite amateur and national fighter why would you sign with a company nobody has heard of that doesn't even put on shows when you got to the US instead of signing directly with any of the biggest and best boxing promoters in the US? He could of signed with Top Rank, Golden Boy you name it instead he signed with a sketchy gangster Dade Promotions? This happens with Cuban baseball players too that defect and all a sudden have a ganster manager instead of one of the power broker managers in baseball. That's not by accident they are are setting up their defection and extorting these Cubans to sign their life away in contracts to get out.

[OnePunch]

On paper (by the law), that's how it's supposed to be. I said de facto. Does the law also define the role of an "advisor" and what are his responsibilities (& rights)?

the title of "advisor" does not exist. Haymon is a licensed Manager, and Haymon Sports is a licensed Management company.

[James Hunt]

Ortiz is NOT like most of the other Haymon fighters he actually has a promoter...Dade Promotions. They control his rights while Haymon is just a adviser. Other fighters that don't have a promoter haymon calls the shots and is a de facto promoter. But here he can't make a move without Dade Promotions signing off and neither can Ortiz. Dade Promotions aren't even real promoters who put on shows they gangsters that signed him to a extortion deal when he came from Cuba. And basically sell him off to other promoters to put on their cards taking a huge chunk of his purse. Now I see why he only made 500K to fight Wilder. He with Haymon and Haymon get's his guys paid well. Probably was paid 1M and Dade Promotions took half so all Ortiz was left is 500K.

You said it yourself. He's an "advisor". And what doe that mean is another question.