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Bud gets paid significantly more money than Lopez so his situation is more bearable.
Proof Lomachenko didn't take a pay cut. Teo accepted the fight for the money offered but changed the terms of his contract giving him a higher minimum if he lost and an even higher minimum if he'd won.
The squabble between Top Rank and Lopez’s management over money could push the budding star from ESPN to another network with DAZN, FOX and Showtime waiting in the wings for the Feb. 18 purse bid.
“There’s no animosity … we evaluate how much a fight is worth … and we determine that and try to close the deal (at that price point),” Arum told*The Athletic.*“If a fight is extremely valuable to ESPN we will maybe change our position and offer a little bit more.
“If a fight is just a fight, and the asking (price) is appreciably more than what we’re able to pay, we just pass and let someone else do it. That’s the only way you keep from going out of business. You can’t keep chasing.”
“There’s no animosity … we evaluate how much a fight is worth … and we determine that and try to close the deal (at that price point),” Arum told*The Athletic.*“If a fight is extremely valuable to ESPN we will maybe change our position and offer a little bit more.
“If a fight is just a fight, and the asking (price) is appreciably more than what we’re able to pay, we just pass and let someone else do it. That’s the only way you keep from going out of business. You can’t keep chasing.”
Teofimo’s old minimum for a title fight defense, sources said, was $150,000. If he lost to Lomachenko, it would rise to $500,000. A win would bump it up to $1.25 million, the amount being offered for the routine title defense against Kambosos.
But if this is just another fight for Lopez, McWater said the blame lies with Top Rank, not the fighter.
“They had between Oct. 18 and Feb. 6 to schedule a big fight for him and get out of the purse bid,” McWater, the BWAA’s 2020 manager of the year, told*The Athletic. “They could have got an exception (with the IBF) for this fight. When they say it’s a **** fight or anything like that, they could have made a different fight and chose not to.
“We would have liked to have fought somebody else. They never made a good faith order, what am I supposed to do? All I’ve done is reject their offer which is the minimum. If you line up a thousand idiots off the street and say ‘you’re going to get a job, do you want minimum wage?’ all thousand will ask for more.”
McWater said Top Rank didn’t even make an offer for the fight until Feb. 5, the day before the IBF’s free negotiation period ended. He hasn’t heard from them since that day.
So with attempts to gain his client more than the new minimum stalled, McWater is ******** that the fight is worth far more on the open market. Lopez, as the champion, stands to make 65% of the winning bid with the other 35% going to Kambosos.
But if this is just another fight for Lopez, McWater said the blame lies with Top Rank, not the fighter.
“They had between Oct. 18 and Feb. 6 to schedule a big fight for him and get out of the purse bid,” McWater, the BWAA’s 2020 manager of the year, told*The Athletic. “They could have got an exception (with the IBF) for this fight. When they say it’s a **** fight or anything like that, they could have made a different fight and chose not to.
“We would have liked to have fought somebody else. They never made a good faith order, what am I supposed to do? All I’ve done is reject their offer which is the minimum. If you line up a thousand idiots off the street and say ‘you’re going to get a job, do you want minimum wage?’ all thousand will ask for more.”
McWater said Top Rank didn’t even make an offer for the fight until Feb. 5, the day before the IBF’s free negotiation period ended. He hasn’t heard from them since that day.
So with attempts to gain his client more than the new minimum stalled, McWater is ******** that the fight is worth far more on the open market. Lopez, as the champion, stands to make 65% of the winning bid with the other 35% going to Kambosos.
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