Not sure what stipulations are typically outlined in fight contracts, whether it's an "X number of fights" basis or promotion over a range of time or whatnot anyways, can a fighter retire prematurely? Jes wonderin
Yes. That's what a contract means. And it's the promoter who holds all the cards - the high powered lawyers and the connections. Boxers still have nothing - no union, no health plan, no money (except the top guys), no nothing. To get out of a contract he'd probably be able to claim health problems, real or not real, but then he might be through with boxing. There are lawyers who specialize in sports cases. He'll probably need one of those.
Figured as much. What about the terms of buying out a contract? Are there any constraints as to how high a promoter can set the price to essentially "lock" a fighter under his promotion?
Different promotional contracts deal with this situation in different ways. Many contracts will stipulate that if the boxer retires before the completion of the contract term, then the boxer owes the promoter whatever amount the promoter invested in the boxer's career up until that time, minus whatever profits the promoter has already accrued. Other contracts give the boxer an automatic "out" if the boxer suffers some kind of career ending injury. In these cases, the boxer owes the promoter nothing. Keep in mind that it's expensive to manage and/or promote any pro boxer who is capable of fighting 8, 10, or 12 round fights. Generally, the promoter's don't make a profit, or make a negligible profit, for a long time. The payoff for the promoter only comes when he can match his fighter against a big name for decent money. Thus, promoting is like an investment that takes time to reap a profit. Thus, the promoter is screwed if the boxer can't or won't complete the contract time terms.
The contracts almost always stipulate the following: 1. the number of years the contract is in effect (usually 3 years) 2. the minimum number of fights the promoter is obligated to give the fighter each year (usually no less than 3 fights annually) 3. the fighter's minimum purse for each fight
One thing that works in the boxer's favor is that it's often ease for him to claim that the promoter somehow breached the contract, and that for this reason, the contract is null and void. This tactic is especially effective against the smaller, less sophisticated promoters who don't have big brain attorneys doing their legal work. I'm sure that the big promoters, however, such as King, DiBella, Golden Boy, etc., are savvy enough to make sure that the contracts are not breached.
Nobody can force a fighter to continue fighting. Retiring is his decision. But, just in case, the contract must have a retiring clause, with rights and obligations for both parties
Depends what is written in the contract. Both sides need to protect themselves against various circumstances.
Most boxers in the USA are barely literate. They don't know what they're signing. Nah, fighters get screwed left and right. Boxing has always been corrupt but it's gotten worse instead of better. Once in a while someone will make some noises about cleaning it up and unionizing it, like that corrupt commy-mafia son of a ***** John McCain. Yeah right. It's nice and clean now. Anyway, if you want to fool with their contracts you'll probably need a shyster sports attorney of your own, and of course their main interest will be to squeaze as many sheckels out of you as they can before they shake hands with their buddy on the other side and reach some compromise.