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Corrales will not face disciplinary action
Nevada Athletic Commission executive director Keith Kizer told ESPN.com that former lightweight champ Diego Corrales will not face disciplinary action for his failure to make weight for last week's fight with Joel Casamayor.
Corrales was four pounds over the 135-pound limit and was stripped of his title on the scale. The next night, Casamayor won the vacant title on a split decision.
Corrales was fined 20 percent of his $1.2 million purse -- $240,000 -- for failing to make weight, and Kizer said he felt that was punishment enough.
"I think that will be it," Kizer said. "This is Mr. Corrales' first offense and the fight went on as planned. I don't think there is a need to go further. That's my take."
Kizer said that it was a different situation than that of Corrales rival Jose Luis Castillo, who was fined $250,000 and suspended for remainder of the year for failing to make weight for his third fight with Corrales in June.
"With Castillo there was more involved," Kizer said. "It was the second time in a row he didn't make weight [in Nevada], and the fight had to be called off. It was more serious."
In addition to the hefty fine, Corrales also had to pay Casamayor to go through with the bout because of the weight difference. According to Nevada Athletic Commission records, Corrales paid him $100,000.
Between Casamayor's share of the fine -- $120,000 -- and the additional money from Corrales, his $250,000 purse was increased to $470,000.
Corrales saw most of his $1.2 million purse eaten up, and he was left with only $196,466.40, according to commission records.
In addition to the $340,000 deducted for the fine and the Casamayor payment, manager James Prince received $296,400; the IRS took $165,433.66 in back taxes; the WBC received $36,000 in sanctioning fees -- even though Corrales was not fighting for the title because he was overweight; $150,000 was deducted to cover an advance Corrales received; $11,000 was deducted as payment for tickets Corrales received; and $25,000 was withheld pending the outcome of his drug test. If Corrales' sample comes back clean, he will receive the $25,000. Of course, Corrales still has to pay taxes on his earnings from the fight, not to mention trainer Joe Goossen, who figures to get the typical 10 percent cut, or $120,000.
ESPN
Corrales was four pounds over the 135-pound limit and was stripped of his title on the scale. The next night, Casamayor won the vacant title on a split decision.
Corrales was fined 20 percent of his $1.2 million purse -- $240,000 -- for failing to make weight, and Kizer said he felt that was punishment enough.
"I think that will be it," Kizer said. "This is Mr. Corrales' first offense and the fight went on as planned. I don't think there is a need to go further. That's my take."
Kizer said that it was a different situation than that of Corrales rival Jose Luis Castillo, who was fined $250,000 and suspended for remainder of the year for failing to make weight for his third fight with Corrales in June.
"With Castillo there was more involved," Kizer said. "It was the second time in a row he didn't make weight [in Nevada], and the fight had to be called off. It was more serious."
In addition to the hefty fine, Corrales also had to pay Casamayor to go through with the bout because of the weight difference. According to Nevada Athletic Commission records, Corrales paid him $100,000.
Between Casamayor's share of the fine -- $120,000 -- and the additional money from Corrales, his $250,000 purse was increased to $470,000.
Corrales saw most of his $1.2 million purse eaten up, and he was left with only $196,466.40, according to commission records.
In addition to the $340,000 deducted for the fine and the Casamayor payment, manager James Prince received $296,400; the IRS took $165,433.66 in back taxes; the WBC received $36,000 in sanctioning fees -- even though Corrales was not fighting for the title because he was overweight; $150,000 was deducted to cover an advance Corrales received; $11,000 was deducted as payment for tickets Corrales received; and $25,000 was withheld pending the outcome of his drug test. If Corrales' sample comes back clean, he will receive the $25,000. Of course, Corrales still has to pay taxes on his earnings from the fight, not to mention trainer Joe Goossen, who figures to get the typical 10 percent cut, or $120,000.
ESPN
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