Anyone Wanna Check Out A Don King Promotional Contract

[DARTH SILKWORMS]

Iman was a pretty good amateur. I'm sure he coulda did better than Don King. He was 93-11 & came in 2nd in the US Olympic Trials losing to Errol Spence twice.

But you have a point with guys more desperate for sure. If no one is ringing your phone Don King calling isn't looking quite as bad I bet.

I don't know the specifics of who recruited Imam, but I'm pretty confident if he signed with King, King must have been offering the largest amount in Imam's pocket the day he signed.

Remember Rahman taking 50k or whatever in a duffle bag from King when HBO was offering tens of millions? Not everyone has the intellect or composure to make rational decisions when for the first time in their life, they can have a large sum in their hands immediately.

[Eff Pandas]

I don't know the specifics of who recruited Imam, but I'm pretty confident if he signed with King, King must have been offering the largest amount in Imam's pocket the day he signed.

Remember Rahman taking 50k or whatever in a duffle bag from King when HBO was offering tens of millions? Not everyone has the intellect or composure to make rational decisions when for the first time in their life, they can have a large sum in their hands immediately.

Yea idk the specifics either tbf I'd just assume Iman would have more people courting him.

And yea boxers are definitely not long term thinkers with a duffle bag of money in front of them. I think its well known that Ali short sold himself numerous times cuz the allure of a paper bag of money got his attention more than a check did or that back end money. And Ali had money so its not surprising guys who don't got money make bad money decisions.

Really the first thing a boxer needs is a manager who's legit looking out for his best interest. Then that managers upside gets as good as your upside gets so your best interest is his best interest. Not necessarily like that with a promoter.

[OnePunch]

OnePunch

Thoughts on this promotional contract?

Is this what a 360 boxing deal looks like? Seeing stuff that seems like it excludes Iman from doing ANYTHING off of his name that could give him side money without Don's approval & which I assume means Don wants his cut of it & he'd just need to know the deal to know the type of cut thats best for him.

Don's contracts can make you dizzy. When Nate and I were in Dons office to make our initial deal, it took 7 hours and 3 walkout attempts before Don agreed to remove most of the nonsense. There were terms that for example gave Don total control of where Nates training camps would be held, stuff like that. Things that were a dealbreaker for us. And we were prepared to pass on the deal if Don wouldnt remove several provisions.

Ultimately he did, but he fought tooth and nail to try and keep that crap in. Fortunately I had prepped Nate for what tricks Don would likely try, things like a $50,000 check in Nate's name in plain view on the desk, stuff like that. So Nate knew what to expect, and didnt cave in........


One interesting thing in the lawsuit that didnt make any sense was the allegation that they signed a MANAGERIAL contract with DKP. That is bizarre. DKP is a licensed promoter, not a manager. No entity can maintain both a promotional license and a managerial license at the same time. Its one or the other. So any "managerial" contract between DKP and ANYONE would be void on its face because DKP is not a licensed manager.

[Eff Pandas]

Don's contracts can make you dizzy. When Nate and I were in Dons office to make our initial deal, it took 7 hours and 3 walkout attempts before Don agreed to remove most of the nonsense. There were terms that for example gave Don total control of where Nates training camps would be held, stuff like that. Things that were a dealbreaker for us. And we were prepared to pass on the deal if Don wouldnt remove several provisions.

Ultimately he did, but he fought tooth and nail to try and keep that crap in. Fortunately I had prepped Nate for what tricks Don would likely try, things like a $50,000 check in Nate's name in plain view on the desk, stuff like that. So Nate knew what to expect, and didnt cave in........


One interesting thing in the lawsuit that didnt make any sense was the allegation that they signed a MANAGERIAL contract with DKP. That is bizarre. DKP is a licensed promoter, not a manager. No entity can maintain both a promotional license and a managerial license at the same time. Its one or the other. So any "managerial" contract between DKP and ANYONE would be void on its face because DKP is not a licensed manager.

Wut in the f#ck. I've never heard of a contract that tells the fighter where he can have his training camp at.

Where did he want your guy to have his training camp at? Did you guys even have people there or was he gonna pay for it or was he making you pay for it or what was that even all about except just pushing as much bs on you as possible?

And lol at that 50k check on the desk. There seems to be a lot of lil Don tricks he pulls like that that I've heard over the years. My favorite is the one about how he acted like he could play the piano when the Klitschko brothers came over his house, but it was a self playing piano.

[andocom]

Whats Don doing with all the money he has swindled over the years, you'd think he would be set with just the millions he got out of Tyson. Maybe its more of a passion for him.

[OnePunch]

Wut in the f#ck. I've never heard of a contract that tells the fighter where he can have his training camp at.

Where did he want your guy to have his training camp at? Did you guys even have people there or was he gonna pay for it or was he making you pay for it or what was that even all about except just pushing as much bs on you as possible?

And lol at that 50k check on the desk. There seems to be a lot of lil Don tricks he pulls like that that I've heard over the years. My favorite is the one about how he acted like he could play the piano when the Klitschko brothers came over his house, but it was a self playing piano.

He never said. But I knew from what happened with Tyson that Don has a training camp in Cleveland and charged Mike a ****** amount of money to train there.

The bottom line for me was it was none of Don's business where Nate trains, or with whom. And I certainly wasnt going to allow Nate to be legally obligated to use Don's camp, or for Don to have any control whatsoever of the training. It was my opinion that EVERY training decision such as location, length, sparring partners, etc etc, was to be decided between Nate and John David Jackson. There was no reason for Don to be involved in it, and nothing good would have come from his involvement, thats for sure.......

[Eff Pandas]

He never said. But I knew from what happened with Tyson that Don has a training camp in Cleveland and charged Mike a ****** amount of money to train there.

The bottom line for me was it was none of Don's business where Nate trains, or with whom. And I certainly wasnt going to allow Nate to be legally obligated to use Don's camp, or for Don to have any control whatsoever of the training. It was my opinion that EVERY training decision such as location, length, sparring partners, etc etc, was to be decided between Nate and John David Jackson. There was no reason for Don to be involved in it, and nothing good would have come from his involvement, thats for sure.......

Ahhh so that was likely a way to get back or not have to pay some money he was paying your guy in the first place by making you train at his place. Wut in the f#ck.

F#cking King is such a piece of sh^t.

[paulf]

Complaint
Amir Imam v. Don King, et al.
Case No.:
Page 14 of 23

As Defendant DKP has failed to promote AMIR IMAM in any bouts for more than a year, Defendant DKP has committed a breach for which there can be no cure.

75. This dereliction of contractual duty constitutes a material breach resulting in AMIR IMAM’s loss of his ranking as a world-class boxer by any sanctioning body. It also directly deprived him of proceeds of at least two agreed-upon bouts that were neither scheduled nor promoted.

76. Additionally, Defendant DKP fundamentally breached the Promotional Agreement by failing to pay AMIR IMAM the required TWO HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($275,000.00) for his first bout under the Agreement, which took place November 28, 2015. Not only was AMIR IMAM not paid the promised TWO HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($275,000.00), but Defendant DKP submitted a bout agreement for SEVENTY-FIVE THOUSAND ($75,000), and unlawfully issued him a post-dated check, for ONE HUNDRED FORTY THOUSAND DOLLARS ($140,000.00) (representing $200,000 less the manager’s share), and then demanded a return of the check after the bout calling it a performance bonus.

77. If successful, Defendant DKP would have denied AMIR IMAM any compensation whatsoever for fighting in a world-class boxing match. These actions are prima facie evidence that Defendant DKP utterly failed to provide any effective promotional services for AMIR IMAM whatsoever during the entire duration of the contract.

Jesus CHRIST.

[paulf]

Before taxes.....

[OnePunch]

Ahhh so that was likely a way to get back or not have to pay some money he was paying your guy in the first place by making you train at his place. Wut in the f#ck.

F#cking King is such a piece of sh^t.

he is, but he also isnt. A promoter has NO fiduciary duty to the fighter, so the bottom line is that every dollar he pays the fighter is one less dollar in his pocket. The promoters objective is to pay the fighter the least amount of money that he will accept the fight for. Its no different than trying to get a lower price from your auto mechanic, or the A/C guy, home builder, or anyone else that you contract services from. Your objective is to pay as little as possible, and their objective is to charge you as much as possible.

In the end, there are sheep, and there are shepherds. The boxing business is a nasty business, and definitely not for the uneducated. I dont defend the kinds of things Don did, but I certainly understand them.