Arum: No Extension, No Chavez-GGG!

Was the money fully in-house for DLH-Pacquiao, Mosley-Cotto and Hatton-Pacquiao?. As far as Chavez is concerned, Arum isn't doing anything other promoters aren't doing. Just take a look at Mayweather's recent opponents, aren't they all promoted by Golden Boy?. Guerrero, Maidana, Ortiz, Mosley, Alvarez, Marquez and Hatton?.

 

Cotto wasn't promoted by Golden Boy, and that fight was a helluva lot more recent than the 3 TR fights you mentioned as well as the last time Pacquiao went out of house.

 

This sounds like complete BS and is not the kind of thing that would sink a fight. If they merely wanted a guarantee for a fight during the period in which he was still under contract anyway then why the radically different purses for the inclusion and exclusion of such an "extension?"

 

Arum is actually being pretty fair here. He's willing to do the fight without an extension, but Chavez would have to accept a lower purse. I don't see the problem with that. The promoter is taking the financial risk. Signing Chavez to an extension hedges his risk, as he has more opportunities to make up for a loss in this fight.

If Chavez doesn't want to sign the extension and doesn't want to take the lower purse, that's his right. However, I can't blame Arum for not wanting to shell out the higher purse without getting a longer commitment from Chvaez.

 

GGG needs to focus on 160, this fight was just $ for his handlers...no use for GGG career/legacy

 

what an entirely characteristic and predictable misrepresentation of the facts presented. you're a ****, but at least you're a consistent ****.

 

I get why bob would do this, his fighter sable is limited with more guys trying to leave. He bullies he's guys into fight extensions with crap contracts by dangling that one golden goose front of them.

 

Well it sounds like Chavez Jr priced himself out of the fight. I'm interested in knowing what kind of purse he was looking for to be able to fight GGG.

It sucks if this fight doesn't go through- TR/HBO don't have that many options for their top guys at 160 and 168 lbs.

I guess GGG will have to fight another tomato can in Monaco or at the small stage in Madison Square Garden and Chavez can go fight Vera for a 3rd time.

 

No one said it did. However, Arum is putting up the money for the fight. What happens if the fight doesn't sell well enough and they lose money on the fight? That's why he wants to do the extension. If he loses money on this fight, he can make it up with subsequent fights. If Chavez doesn't want to do the extension, then he gets paid less money on this fight, being that Arum would have less time to recoup losses in the event that this fight doesn't make money.

He's worth what someone is willing to pay him. Arum is under no obligation to pay Chavez whatever Chavez wants.

That's your opinion. Arum does not have to structure deals the same way GBP does. If Chavez doesn't like it, that's fine. He can do what he's doing now, which is refusing to sign the extension or fight for the lower purse.

He certainly is taking a financial risk. I don't see how you don't realize that. You have no idea how much money he stands to make or lose. It really doesn't matter anyway. It's his company. He has every right to decide how he wants to structure contracts.

 

I don't like Arum but I can kinda see his point here.

Giving JCC a huge purse and then letting him ship to Golden Boy or another promoter before making money back on him wouldn't make sense from a business point of view.

 

Don't you see the problem here? You're saying Chavez is pricing himself out and then also admitting that don't know how much he's asking for. Just like Arum has the right to an offer that he feels is fair, Chavez has the right to reject any offer the he feels is unfair.

 

This all sounds nice in theory but it's impossible to evaluate the fairness or unfairness of any offer without knowing either the length of the proposed extension or the difference in purse sizes with and without one