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

[OnePunch]

I've seen fighters, promoters, and also media people say the same thing. We even saw one fighter post another check. Why would I believe you over them?

Believe what you like. Why would I care what you believe?

[Chrismart]

I like Ortiz, but

I ain't buying that shit. Those guys were all on the same page and knew what was going on. They are either in damage control for the backlash Ortiz has been getting, or they are coming back with their tails between their legs after Hearn called their bluff.

Funny how this all came out after Hearn said he'd come out with the real story. It's gone from trashing them on social media to 'it was a misunderstanding'.

Man, a lot of posters called $5m a lowball and called Hearn cheap and a liar. Even when the purse was a rumoured $7-8m, some posters still said it was a good idea to turn it down. Yet now team Ortiz is saying it wasn't a low offer at all and they would take that. Guess those posters were wrong about all the 'low-balling'.

[Nomadic]

Life changing payday, yeah! Who ever his promoter is should be dead.

[Motorcity Cobra]

Believe what you like. Why would I care what you believe?

You care because you quoted me and tried to change my mind.

[Eff Pandas]

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

That sh^t should get your promotional license taken away, assuming these guys even got one. These guys aren't real promoters. Real promoters put on shows. These are simply middlemen posing as promoters.

But hell man okay I get it. You gotta do some -EV sh^t boxing career-wise to initially get into the US & these guys are hustling to get into these positions with fighters, but these promotional deals still end eventually.

Ortiz gots 9 years in the pro game. Surely he's have had to sign at least 2 or 3 extensions I'd imagine. Why is he signing over & over with them when he's could've opted out cuz once he's here he's here & the MAA does give a fighter outs with a contract with a promoter?

[Phenom]

From Eddie hearn recent interviews it sounded like the Ruiz fight is all done for June 1st

[OnePunch]

You care because you quoted me and tried to change my mind.

I tried to change your mind?? Uhmmm, no. I offered an opposing viewpoint. Trying to change anyone's mind on here is a fools errand......

[Motorcity Cobra]

I tried to change your mind?? Uhmmm, no. I offered an opposing viewpoint. Trying to change anyone's mind on here is a fools errand......

Yes, an opposing view to change my mind. I'd rather believe what I've heard numerous fighters say and what I read promoters and even Espinoza say. Everybody else can't be wrong and Terry is the only one that right. Simmer down boy

[TheCell8]

Jay Jimenez should be fired immediately.

This is the problem with Cuban fighters. They enter the country and sign these lifetime deals with shady promotions like Dade and Caribe, and then feel obligated to stick with them until them. Meanwhile these promotional companies do nothing for them besides take their money.

[Eff Pandas]

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.

Isn't that the case with a lot of lower level promoters?

Randomly I'm seeing this Jorge guy has some other businesses too btw.

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.

Thats makes sense.

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.

Yea I'd doubt they've spent 30 cents myself. I see no Dade Promotions or Jorge Carmenate mentioned in any of Ortiz's events on Boxrec.

I did see Henry Rivalta of Heavyweight Factory promoted several of Ortiz's first dozen-ish fights before Ortiz appears to be freelanced out to various promoters til he got to GBP around 20 fights in & when most of us started to really hear about him.

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.......

So a $1M dollar deal should be getting a promoter $100k-$150k & the fighter $850k-$900k (to split among the rest of his team) basically? That'd be in the range of fair in your estimation?

What would you consider a promoter who's taking over 15%?

Does a guy operating like this guy is operating have to have had a promotional license at any point or maintain a promoters license or some level of activity "promotional" (if that makes any sense) despite not putting on shows or reallllllly being a promoter? I'm guessing no on the second part, but unsure on the first part.

This seems f#cking nuts to me that this is a thing. Granted its boxing & the level of corruption in boxing never fails to impress me, but wtf still.