50 cent Mayweather & TMT trying to make positive changes in the sport of boxing

Berossus · Jul 30, 2012

Bottom line, HBO/SHO/ESPN cant be trusted, promoters cant be trusted, the government cant be trusted, human manipulated computers cant be trusted, fighters like Floyd and Oscar cant be trusted, roidz testers cant be trusted, announcers cant be trusted, coaches cant be trusted, forums and most of their fans cant be trusted.

But 50 cents? Hmmm....thats a hard one

PJ · Jul 30, 2012

Who exactly is gonna be 10cents fighters outside of Mayweather who has said retirement at age 38?

The Bertos
Jesse Vargas
Gamboa?

ripcity · Jul 30, 2012

I hope they secude, along with all the other promotions. Boxing is not a zero sum game there is room for more than just Top Rank and Golden Boy at the top.

Jr Middleweight · Jul 30, 2012

Billy Dib, and a 37 yr old May, and a 32 year old Gamboa ....the future looks bright. Watch out GBP!!

ajackman1 · Jul 30, 2012

Great news

cippi · Jul 30, 2012

i think TMT will be extremely succesful . im rooting for them

janeschicken · Jul 30, 2012

greg turchy said: ↑

Boxing in the hands of a few is not good..the more competition between promoters the better...

We aren't getting the fights we want with Top Rank and GBP....the more the merrier..
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Yeah, we aren't getting the fights we want with TR and GBP because they are acting like childish, spiteful ****s to one another. So how is 50 cent already ****-talking GBP supposed to help the situation, exactly?

causality · Jul 30, 2012

bballchump11 said: ↑

I hope for their success, but what they're planning is very tough to do
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Save up now so you can buy Floyd's belts for $100 a piece when he go broke in 5 years.

Hook! · Jul 30, 2012

pong said: ↑

Steve kim who does the best reporting on the business side of boxing wrote his take on this today

So Whats 50 Cent Worth to Boxing?

50 Cent

By Steve Kim

Last week in a rather memorable Twitter exchange between rapper-turned-boxing promoter 50 Cent and Oscar De la Hoya, the figurehead of Golden Boy Promotions, 50, probably more noted now for being the close friend of Floyd Mayweather than anything hes recorded recently, made it very clear that his newly formed company, TMT (The Money Team), will be a major player in the industry. And he made his intentions crystal clear just who would be his companys bell-cow as he emasculated De la Hoya 140 characters at a time (maxboxing/50-to-promote-money).

I mean, really, did you think Mr. Curtis Jackson got into this to promote the likes of Yuriorkis Gamboa (who split the $1.4 million cost with Floyd to extricate himself from Top Rank), Andre Dirrell and now Billy Dib? The real money for a guy like him is in the pay-per-view business and in Mayweather, he has one the biggest franchises in the sport with a built-in audience.

But questions have to be asked: is Fiddy in the boxing business or just the Mayweather business (and trust me; theres a huge difference)? Will this be a long-standing commitment to the sport or another venture for him like Vitamin Water? Just how much of an impact will TMT have over the long haul?

And what many want to know is what this means for Al Haymon. A major part of his influence over the sport is based on having Mayweather Muscles he can flex over both major premium cable networks and Golden Boy Promotions. There are a lot of fighters who need Haymon in their corner in order to land dates on HBO and Showtime (and get paid very handsomely for it) - Mayweather isnt one of them. Mayweather has a tangible market value which isnt just rooted in what a television executive believes should be a license fee for his fights but the multi-millions of dollars he generates with pay-per-view purchases. There are some who believe Haymon will always be part of Mayweathers brain-trust. Others say that he and 50 dont really get along and will not be part of this new union (it says here, never, ever count out Mr. Haymon, who can seemingly do Jedi mind tricks to such a degree that it would leave Obi-Wan Kenobi envious).

This much is clear; this new company- with or without the ever-influential Haymon- can open doors at places like HBO. Dirrell, who was with Haymon for much of his career before leaving him earlier this year, told Lem Satterfield of RingTV (http://ringtv.craveonline.com/blog/174079-dirrell-on-mayweather-50-cent-) that hes already had direct meetings with executives of HBO before even officially putting his name on the dotted line with TMT:

Andre Dirrell: Well, we were able to sit down with HBO, you know? And thats another thing. Until now, I have never had a chance to ever sit down with a television executive, whether it was ESPN or Showtime.

I never had that experience for any of my fights. But thats the first thing that we did, is that we sat down with [Vice President of Programming and Sports] Kery Davis of HBO.

RingTV.com: Who was there at the meeting?

AD: We met with HBO in the Mandalay Hotel, and it was me, 50 Cent and Gamboa and Kery Davis. We all sat down with HBO, and I knew, right then and there, that thats something that a lot of fighters dont get to do.

They dont get to sit down and have the negotiation with the network, but thats something that they let me in on, and they let me have input into my fight, so I was really, really impressed with that.

So yeah, anyone who thinks this group wont have influence on the business is sadly mistaken. Alienating De la Hoya or his company will have no bearing on that. Having big Money on your side makes you a major player in this racket. And while some might be want to dismiss 50, the reality is his history- and portfolio- shows that he has a keen business sense. And again, hes not necessarily building a business; hes taken over the controls of one. Hes not taking over a new garage band but the Rolling Stones here.

However, there are a few questions that remain. First is in regard to infrastructure. Just who will run this company on a day-to-day basis? This isnt like selling your mixtapes out of the trunk of your Escalade here. And while Mayweather has always claimed to promote himself since he faced De la Hoya in 2007, all his fights have been promoted exclusively by Golden Boy Promotions (who takes a set fee for its services). Mayweather Promotions- which never officially applied for a promoters license anywhere- is nothing more than a name on the banner and a few t-shirts. Its Floyds boxing version of Filthy Rich Records. Will TMT use another promoter to do the nuts-and-bolts work that goes into staging a major pay-per-view event? And there is this question posed by a veteran of the boxing industry via email:

Can they put on their own shows, do they have a matchmaker, site coordinator, publicist, accountant, travel coordinator, any infrastructure at all?

All valid queries. While promoting boxing at the highest levels seems glamorous, the reality is that running a major promotional firm is a daily operation, where a regular set of responsibilities have to be adhered to. Say what you want about Bob Arum and Don King; they have survived this business for a reason and have been in it for the long haul. Its not as easy as some think it is. Ask the likes of Josephine Abercrombie and America Presents, to name a few of the bleached bones making up the desert of failed promoters who believed they were going to clean up (while cleaning up financially) the business in boxing.

However, theres a reason why TMT has gone out on an early shopping spree because its evident by the aforementioned interview with Dirrell that they can secure network dates. History has shown that those who have pay-per-view titans get certain accommodations they otherwise wouldnt receive. In the 90s, Don King took Mike Tyson from HBO over to Showtime, basically giving him exclusivity to that network for a full decade (which led to too many Fabrice Tiozzo fights for my liking). Golden Boy was able to leverage an exclusive output deal with HBO several years ago when its namesake was still fighting and doing robust pay-per-view figures.

So yeah, expect a Dirrell and Dib doubleheader very soon on Boxing After Dark.

One of the great concerns existing is that if TMT is indeed around for the long haul and can procure a vast stable of fighters and secure network slots for them, will they be allowed to exist in a vacuum by themselves, much in the same way Golden Boy and Top Rank currently are? Its bad enough that we basically have two separate leagues of boxing between those two; could this new faction be allowed to operate in much the same way with Mayweathers clout? Its bad enough that some of the best fights in boxing cant even be discussed because of the differences of two companies. It will only be compounded if another company (which is signing a significant amount of talent and will probably continue to do so) stages fights with boxers whose sole qualification is that they are not aligned with Bob Arum or Richard Schaefer.

Mayweather gets released from his time atuhsummer camp later this week, so some of these questions will be answered. As of now, its not even clear if he will fight the rest of 2012 but this much is clear: whenever he does, it will be under the TMT banner.

Whatever that is made up of. And whatever that even is.

And theyll get rich- or die trying.
http://www.maxboxing.com/news/main-lead/so-whats-50-cent-worth-to-boxing
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:thumbsup good read

Jr Middleweight · Jul 30, 2012

causality said: ↑

Save up now so you can buy Floyd's belts for $100 a piece when he go broke in 5 years.
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Lol

I'll bid on the WBC belt.

Grinder · Jul 30, 2012

Floyd Mayweather, the ducking master of the last 10 years starting a promotion company? You seriously think things will get better?

Fighters should get more of the purse, but they should be fighting the best. None of this easy fight crap. The governing body, decides on all the fights and then the promoters promote and make some money. Fighters make money on their position in the foodchain - ie world champ gets most. They also get a percent of ppv so popular fighters get rewarded.

This is simple business protocol, you reward people fairly and everyone is happy, most importantly the viewing public.

platnumpapi · Jul 30, 2012

i hope they sign my fav ww prospects Saddam Ali & Brad Solomon. those guys with new face keith thurman and few others, the ww will be in big bussiness.

brnxhands · Jul 30, 2012

a lot of money will be lost lol. can they handle that or act like tards?

brnxhands · Jul 30, 2012

they can wipe your ass too. What is their motor to jump in like this> 50 doesnt have any connects in the game. faded rapper doesnt help much. I said before i hope it brings in new fans but we'll see.

platnumpapi said: ↑

i hope they sign my fav ww prospects Saddam Ali & Brad Solomon. those guys with new face keith thurman and few others, the ww will be in big bussiness.
Click to expand...

OttkeRuiz · Jul 30, 2012

**** it, I enjoyed 50's interview, I'm excited

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