I am a boxing manager: if you have questions about the boxing biz, ask!

A perfect example of a fighter overruling his manager. Sometimes a fighters worst enemies are his ego, his family, friends and assorted know it all's. In this case I believe all chimed in for the fighter to overprice himself.
google: Arum Details Pacquiao-Broner Fallout, Reacts To Broner Attack







"Top Rank's CEO Bob Arum revealed that former four-division champion Adrien Broner (32-2, 24KOs) had requested too much money for a potential fall pay-per-view showdown against a returning Manny Pacquiao."

broner-arum

Broner's financial demands were... we were not capable of meeting those financial demands. It made no sense for us to pay Broner what he was asking for - because everything that we would pay Broner would come out of Manny Pacquiao's pockets," Arum

When you consider the two most powerful men( Arum and Haymon) in boxing would have made this fight happen and each would have been paid very well, and along come's a Mayweather wanna be, messes that up.

 

Another fighter, who out of desperation signed with a sweet talking manager. His manager put the kid in with three unbeaten guys in a row, no surprise he is now 9-2, he lost two out of the three. The kid is really a '15pdr and he fought @ 118. Now the kid has been cut loose and is left wondering what next, he went from prospect to opponent in his last three fights. The same guy took a fighter I once managed he was 12-0, when I cut him loose, since then he signed with the same guy. Since that 12-0 guy left me he added 9 wins and 9 losses. Guys I tell you don't fall for the sweet talk, look at what the manager has done before, before you sign or hook up.

 

Great Info. Thanks Dempsey

 

Does the trainer have separate contract with the manager or fighter? Ive seen several manager contracts but dont see anything about the trainer on them.

 

Do trainers need a separate contract with the manager or fighter? Ive seen several managerial contracts but it doesnt say anything about the trainers cut.

 

Some trainers have a separate contract, but I don't know if I would recommend signing a contract with a trainer.
One of the reasons is that fighters sometimes outgrow what the trainer can teach him, or the trainer and fighter don't click for whatever reason. Some trainers like to do things their way and will tolerate no interference which would cause friction within the team. There are many reasons why not to sign a contract and few reasons to sign one. Trainers and fighters are like a married couple, at first it's great, then comes the nagging and fighting and then comes the point where each is not listening or talking to the other, then comes the divorce, and as you know they can get messy and costly. At the end of the day who does it affect? The fighter. If you choose to sign with a trainer remember you now have a legal contract and are subject to be sued.

 

Ok,I should of clarified more. I am a trainer with a stable of amateur fighters.I have a few that I want to turn Pro.I also am starting to have Pro fighters approach me asking me to train them.I want to look out for the best interest of my fighters.I was thinking to get a managers license and learn the business.What is my best option?

 

Sign them as manager that way you both are protected, and then if you think you need help you can bring in somebody. Become a mgr/trnr.

 

Thats what I figured. I know the standard is 33% of the purse which I believe is steep.What do u think is reasonable for a trainer/manager?

 

Depends on what you need to live, I take 10% and only when the fighter makes at least $10,000. But I am very selective I only sign guys who I can place with a major promoter. Also I limit the guys I sign, mostly to avoid headaches. Right now I have only two guys both undefeated, Casey Ramos 23-0, 130pdr and Alex Saucedo, 22-0 140pdr. Both have plenty of youtube vid's. I could have more fighters but choose not to. one thing I look for is in a fighter is "A&M". "A" is for ability, "M", is for marketability/ charisma. Ability you can teach, marketability or charisma like power you either have it or you don't. When you have too many fighters and if they don't have a promoter, all you are going to hear is, "when am I going to fight?". Good luck to you hope you do well. I am here for you in case you need some more advice.

 

Great info thanks!!

 

Do I need a separate contract for each state when I sign a fighter?

 

No, your home state will do, in all contracts there should be a clause concerning the law of whatever state law applies. Let's say you are from California you sign a guy in Texas. You would want the contract law to be from California. It is perfectly legal and accepted. Nevada, California and I believe NY, have a state contract. I know Texas doesnt, it's a civil contract. Call your local state athletic commission and check.

 

Light heavyweight or cruiserweight, which of those would you recommend at this moment in this ****py state of boxing for an american fighter to get into to really shine?