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

JS here is the breakdown of a recent purse bid.

Purse Bid
Junior featherweight Chris Avalos, of Lancaster, Calif., was due to fight in the main event of Top Rank’s "Solo Boxeo" card on UniMas on Feb. 15, but was taken off the card so he would be available for a world title eliminator.
The purse bid for that eliminator against Rey Vargas (18-0, 15 KOs) of Mexico took place Tuesday and Top Rank, the only bidder, won with an offer of $25,000. Avalos (23-2, 17 KOs), the higher-ranked fighter in the IBF ratings, is entitled to 60 percent of the money ($15,000), with Vargas due the remaining 40 percent ($10,000).

Top Rank has 90 days to put on the bout, which will produce the mandatory challenger for the 122-pound title held by Kiko Martinez of Spain.
However, Top Rank vice president Carl Moretti said that based on what he hears, Vargas won’t take the fight.

Avalos is with Top Rank Vargas is with Promociones del Pueblo. Vargas is effectively knocked out of the eliminator and Avalos thus moves closer to title shot. It was a low ball figure designed to eliminate Vargas and his promoter.

“We won the purse bid, we have followed the IBF procedures and sent out a bout contract,” Moretti said. “We expect it to be signed, but if it’s not, we will inform the IBF and move forward with their next available contender. But we believe Vargas won’t take the fight.”

 

if Vargas and his promoter called their bluff, TR's guy would have had to fight for that purse. TR knew who the players were on the other side and guessed right, Nacho and promociones del Pueblo, would never have accepted the fight at that price, each wants to get paid, knowing Vargas' promoter's 30% clause on assignments, if it applies. In the US it wouldn't but in Mexico who knows. The assignment clause is in case the promoter's fighter fights for another promoter they are entitled to 30% of the deal.
I am not sure what the IBF rules dictates in a purse bid situation.

 

Manager or no manager? Guys the truth is you do need one and not just anyone look for someone who has history which you can verify. What are their motives for wanting to represent you, ask yourself does he have the credentials and the ability to back up what he is saying, ask how he plans to do that. Too many kids are blinded by money and dreams. This is for real, money and dreams can take you just so far.
Take for instance money, everybody wants a huge signing bonus, even bigger purses, yes sir. Believe me when I say MONEY is a TRAP. The more money you get the more is expected of you. When big money is involved the promoter or the manager/investor or both want to see something coming back, cos they see the kid is being lax in his training or maybe they see other reasons to cash in, the fighter then might be pushed into something before he is ready with disasteous results. A prime example is a '96 Olympian, who turned pro in '97 and was basically a shot fighter in 2002, the guy was never the same after being brutalized by the two best fighters of that era, by 24 he was a shot fighter. How and why did it happen, greed, money there was money to be made now, why wait til later. That was the motivation, the promoter saw $$$ the manager saw $$$, the fighter saw "stars". Nobody said anything about maybe we should wait to do these fights, nope all were looking at the $$$$. A good manager is thinking about the fighter the $$$ will come if everyone does their jobs.

 

Nah, you win some you lose some, I never regret having lost a guy or wanted anybody else, I find my guys myself usually where nobody is looking, two yrs ago, somebody told me about a kid, that Top Rank is going to love, he had just turned 17, he had one amateur fight as a senior before that he fought in the 15-16 age bracket. I convinced Top Rank to give him a shot so they brought the kid to the Wildcard to show his stuff he sparred an undefeated African who was 19-0, 17ko's, he impressed everybody and Top Rank did love him, he is now 13-0. I like finding guys from scratch and bringing them along. For those who would like to see his pro debut it's on youtube Juan "El Cholo" Saucedo.