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

Discussion in 'Boxing Training' started by dempsey1234, Dec 31, 2012.


  1. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    I would go around to the various gyms and ck out their equipment, ask about the wt of the bag get one to fit you. I would think a good quality heavy bag will last forever if you are the only one using it.
    Just curious where are you from?
     
  2. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    A Manager's nightmare: This just happened


    Former WBC super flyweight champion Sylvester Lopez just fought in Mexico to say he got screwed is putting it mildly.
    Lopez is a Philipino, who happens to have a well known manager,in "Bebot" Elorde, they accepted and fought a fight in Mexico but not only did he lose the fight to a local hero, but he didnt get paid for the fight. Add to that the local didnt make the agreed upon weight and didnt even try to make the weight and Lopez had to also put up with a partial ref.
    They couldn't find the promoter, who happens to be very well known in Mexico, so they left Mexico with no money, arriving in L.A they had to wait 48 hours for a connecting flight to Manila.

    They finally got to eat on the flight to Japan, jeez they had to wait 48hours then endure a flight to Japan which has to be at least 10hours or more.

    I am sure the manager did his job, in getting the fighter ready and getting him a decent purse. The manager dropped the ball when he didnt check out who he was doing business with. The manager should have checked out the booker, the guy who offered them the fight and the promoter.
     
  3. Makingweight

    Makingweight Well-Known Member Full Member

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    You are 37 years old you have had an extraordinary run as heavyweight champion of the world loved by a nation no-one man,woman or child has anything but the utmost respect for what you have achieved in the ring.Likewise for what you were out of the ring generous to one & all a real national hero was Joe.

    Career earnings of a recorded $4m dollars everything should be in place for your retirement you really have nothing left to give but still you must fight on.Facing you is Ezzard Charles a great fighter in his own right but the world knows he was never in your league.You are the great Joe Louis this is 1950 your 27th defence of your heavyweight crown time waits for no man you are soundly beaten a UD you only won 2 & 3 rounds on two of the judges cards a 15 round pounding.You knew you shouldn't be in there back to back wins against Jersey Joe Walcott had shown your best days were long gone you had actually retired what bought you back?

    The taxman decided when you would retire.The USA government thankful for your help.During the war effort you doing your stint & raising morale are repaid by being hit by the IRS with back taxes.You had fought two bouts for charity they came back to bite,you even got collared for those.God bless America they looked after this hero in a unique way.

    Time didn't wait for Joe in 1950 but there was a time he was on the outside looking in.
    1935 Jim Braddock had shocked the world beating Baer you were next in line,you waited two years for your shot.Braddock had hand injuries he also stalled Louis,he also had a manager that cut a deal that win or lose Braddock would be a Louis fan for many,many years to come who wouldn't?To get his shot Braddock & his manager were on a cut of future Louis earnings win,win even if you lose.Braddock knocks Louis down in the first but a new king is born in the 8th.Braddock can live with that.

    Braddock & manager Joe Gould offer Louis their sincere best & hope he has a good run with the title in fact they are banking on it.They are on 10% of Louis earnings for the next ten years after the deal with Mike Jacobs the king of Madison sq. garden to get Louis his shot.Louis was champ he never did get round to reading the paperwork of his contract's.'I'm the champ the money will take care of itself' all $4m+ it certainly did.There was New York pizza's that had less slices in them than Joe Louis earnings never had a fighter earned so much & seen so little.

    He fought on after the Charles defeat the IRS demanded in total he owed aprox $500,000dollars including taxes on the $90,000 he had raised in two charity fights.His last fight against Marciano netted him $300,000 of which he saw little.Interest on those taxes rose to nearly $1m dollars the government wouldn't step in to help.It's been written his mother left him over $600k in her will the IRS took care of that another decision that went against Joe.

    His final ring earnings recorded showed he earned around $4.6 million dollars.He actually received in his own accounts around $800k.He saw his days out as a meet & greet to tourists in Caesars Palace,Las Vegas.

    A young boy once went up to another famous American sporting legend & said 'Say it ain't so Joe' sadly you could of used those same words to Joe Louis.Different sport baseball clouded in a betting scandal the treatment of Louis a national one.
     
  4. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    This is a great example why you need to have your own attorney to look things over and protect your rights. Every promotional I have seen has a clause that states, that you have the right to an attorney and even some that advise you to get an attorney. In most cases this is not done, fighters and some managers just look at the numbers, of what they will get as far as purses. A good attorney or manager would have had Louis's back apparently nobody did. It's sad really, look at a broke Holyfield and Tyson to see that it's still going on. Protect yourself read and think before you sign anything and above all if you can afford it get a pitball(attorney) that will oversee anything that you do just having an attorney would have saved Louis alot of grief.
     
  5. Makingweight

    Makingweight Well-Known Member Full Member

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    Certainly for the promoter it makes total sense for them to have written in the contract consult a lawyer because it covers them down the line if things get messy.
    Some fighters I have been told & read then get told by certain promoters verbally the lawyer clause is in the contract but why waste your money on a lawyer the figures are there you can trust us to look after your interest's.It has happened time & again.
    To clarify to young fighters out there not by any means all promoters or management just take your time selecting who to go with.Plenty good ones out there that want to develop you because if you do well so do they.Think long term not just here & now.

    Figures on first initial contract's also have to be looked into many state an amount read into it this figure may be based on performance not just winning becoming ranked or even to get near any level title status.The figures may look nice the chances of attaining those goals on a fledgling contract you would need to question.Big time.


    It certainly isn't like that in other sports take the NFL Dallas Cowboy's QB Tony Romo 8-8 season last year.He get's a six year $108m dollar extension with a $55m guarantee get's banged up still get's paid.Some figures based on 'performance'!

    If you can do it having a attorney with you also shows a promoter you have done some homework & covered yourself.It may cost initially but bear this in mind.What seems expensive now often turn's out cheap in the long run.You won't regret it!
     
  6. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    Was asked "How do you find a good trainer and gym?". All I can say is it's a hit and miss type thing. But that's not an answer, here is what I would do.
    First acquaint yourself with the gyms and trainers in your area.
    I will pass on a bit of advice from Lou Duva, "Keep your "flipping" mouth shut and your "flipping eyes and ears open",
    Go to the gym watch what's going on.
    Get a feel for what's going on.
    Try to zero in on things you like and things you might not.
    Inspite of what Mr Duva says, ya gotta ask questions, talk to the fighters.
    Remember don't just go to one or two gyms, if there only two gyms then compare them with your mental list. If you are the dainty type and cant stand odors or might find the windows a bit smudged then you might be missing something, in other words don't judge a gym on it's spotlessness and cleanliness. The rattiest gyms sometimes have the best trainers. For example 'The Romanza Gym', in Mexico City. have Roaches crawling up and down as if they run the place. The gym is not as big as you would think its a good size. The rooms are connected by a small hallway, which contains an office. One room is for warming up and doing floor exercises out fitted with the latest weight lifting equipment, a broom stick with gallon cans filled with cement on each end, and a "least class" bathroom, pity the fool who goes in there, if after you finish your business you look for toilet paper, fergetboutit, and if there is then it's most likely in a trash can, filled to the brim with gravy coated tissue if you know what I mean, something to do with cesspools. In the other room, is the Ring which is situated in a corner of the room. There are three heavy bags and a couple of speed bags nothing fancy, the bags are facing a wall and on the other side is the ring which almost fills the room, on one side it is about two feet from a window and about two feet from the wall on the other side. It should give you an idea of the size of the gym and the rooms. Between the wall where the heavy bags are and the ring is a space about four feet wide, on the wall across from the the window is the shower. There is no dressing room for you modest types, the ring apron is where you sit to change and dry off. The gloves for those who don't have any gloves, have been in use since the Pancho Villa days. This gym for those who don't know is owned and operated by HOF trainer Nacho Beristain, and many hall of famer's and future ATG and HOF'r's, like Ricardo Finito Lopez, Juan Manuel Marquez, and various others, so, don't judge a book by it's cover dig a little find who and what fits you. If you can go to shows and watch the corner work, do they work well together? What kind of trainers are they? Do they yell and berate a guy, are they the cool calm guy while giving instructions? Some fighters don't respond well to yelling, others do find out which is you. Ck their credentials and the trainers fighters that should tell you a lot. Hope this was helpful, most important thing is educate yourself by doing research DONT SETTLE if you don't have to.
     
  7. Saintpat

    Saintpat Obsessed with Boxing Full Member

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    I have read this thread nearly from start to finish and found it very interesting and informative, particularly the insight from Mr. Dempsey1234. Thanks.

    A few things I would like to see addressed:

    1) You mentioned how selective the top promoters are. Obviously less than 10 percent (maybe less than 1 percent) of fighters turning pro do so with any kind of promotional contract. They, in most cases, if they stick with it, become opponents. So what is your advice to the average fighter who starts out with no promotional support?

    2) Managers of such fighters, in many cases, buy fights for their fighters -- they contact a promoter who has a show, pay the promoter a fee to put their fighter on the show, pay their own fighter and pay the opponent. In many cases for someone at the club level, it's the only way they can keep their guy busy. Two questions -- do you ever do this, and if so, how do you manage it on a 10 percent margin?

    3) There's a lot of "fighters always get screwed by evil managers and promoters" sentiment out there. You've dealt with fighters and surely in some cases you have seen the other side. Can you share some stories about fighters who screwed themselves, screwed promoters, screwed managers? Obviously you may choose not to name the fighters involved, but as a manager I'm sure you've seen the other side -- where maybe you invested a lot of money in a guy and then he did you wrong. Or just guys who were impossible to deal with.

    I would take one exception to some of your advice in the early pages of the thread -- not that you were wrong exactly but just in hopes that someone doesn't get the wrong advice. While a college degree may not help someone wanting to get into the fight game as a manager, there is every reasonable chance that the person with the chance to go to college may not end up making a living in boxing. I hope anyone with a chance to get a college degree pursues it -- you can still learn about the fight game by hanging out at the local gym, going to fights on weekends, etc., and pick up that knowledge and make the proper contacts should you choose that path for your life, but get the college degree anyway. Wherever your life takes you, boxing or otherwise, that degree will probably give you a leg up. Very, very few people in boxing make a full-time living at it, and education will not in any way hurt your chances of making it in boxing, or in life.

    Again, thanks for your contribution to this forum and to passing along information that a lot of figthers and others new to the fight game may not come across otherwise.
     
  8. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    I would take one exception to some of your advice in the early pages of the thread -- not that you were wrong exactly but just in hopes that someone doesn't get the wrong advice. While a college degree may not help someone wanting to get into the fight game as a manager, there is every reasonable chance that the person with the chance to go to college may not end up making a living in boxing. I hope anyone with a chance to get a college degree pursues it -- you can still learn about the fight game by hanging out at the local gym, going to fights on weekends, etc., and pick up that knowledge and make the proper contacts should you choose that path for your life, but get the college degree anyway. Wherever your life takes you, boxing or otherwise, that degree will probably give you a leg up. Very, very few people in boxing make a full-time living at it, and education will not in any way hurt your chances of making it in boxing, or in life.

    Thank you, us boxing guys are like the US Marines, "Semper fi", I am passing on what was passed on to me, by some great people when I was coming up. In my day, as a snotnose pimply face 16yr old I got to meet and talk to some really great boxing guys. Freddy Brown, Whitey Bimstein, Muhammad Ali when he was Cassius Clay, Sugar Ray Robinson, Joe Louis, Jack Dempsey, Georgie Benton, Lou Duva, Angelo Dundee, and many others, there is a thing that connects us our love for a sport that most people consider just a sport of getting punched in the face. So I am happy to pass on any useful info to others.
    I fully agree with you on getting a college degree, fighters have a lot of free time which they can choose to waste time or use the time to educate themselves.
    Thank you again
     
  9. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    SP I am going to try to answer your questions one by one.
    1) You mentioned how selective the top promoters are. Obviously less than 10 percent (maybe less than 1 percent) of fighters turning pro do so with any kind of promotional contract. They, in most cases, if they stick with it, become opponents. So what is your advice to the average fighter who starts out with no promotional support?

    Stay in the gym, work on your skills, spar with guys better then you, don't spar guys you have been sparring over and over again. Be ready to go at all times, you never know when you will get that call.
    Many is the times a late substitute comes in and whips the star off even in world title fights. Let all the boxing people, matchmakers, and promoters know you are ready to fight, and if that opportunity does come grab it with both hands, be mentally prepared, this is your title fight and everything is on the line. A guy that fits as an example, is Emmanuel Augustus, he was always ready sure he lost but to only the really good ones in the second half of his career. His record is 38-34-6, he gave Floyd one of the toughest if not the toughest fight of his career. He fought all the time everywhere, he didn't come to lay down he came to fight, yeah he was a clown but he was entertaining.
     
  10. Fighting Fungus

    Fighting Fungus Active Member Full Member

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    Do top trainers such as Freddie Roach get 10 percent of a fighters purse or do they get capped for big money fights?


    Say if you have a fighter and he is good enough to get a shot against Mayweather. He gets his shot and beats mayweather, does the fighter belong to you after he gets the million dollar pay day or do you have to sell him off to get the shot?
     
  11. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    2) Managers of such fighters, in many cases, buy fights for their fighters -- they contact a promoter who has a show, pay the promoter a fee to put their fighter on the show, pay their own fighter and pay the opponent. In many cases for someone at the club level, it's the only way they can keep their guy busy. Two questions -- do you ever do this, and if so, how do you manage it on a 10 percent margin?

    I don't cos you just cant do it on the 10points. When you buy a spot on someone's show you might as well give the fighter the money cos he wont be facing anybody that poses any kind of danger beyond hurting his hand on the opponents head. The only good it does is that the fighter gets a small payday and adds a meaningless win on his record.
     
  12. Saintpat

    Saintpat Obsessed with Boxing Full Member

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    Thanks, JD, I was hoping you would respond to the questions.

    Very good advice for the "99 percent" who don't have a promoter. It can make for a more difficult road, but it shouldn't prevent a fighter from achieving all he can in the sport.

    Staying in the gym and staying ready are all-important. When an "opponent" gets a call on a week's notice, the "promoted" fighter doesn't have any more time to prepare for the specific style of the "opponent," and styles make fights. A guy who stays in 4-round shape and accepts a 10-round fight is a victim of his lack of dedication, not of the system.

    We see upsets all the time, and a fighter who stays ready always has a chance. Even if overmatched, a cut or a hand injury could turn things around. And one upset puts a fighter in line for better shots -- string a couple of upsets together and suddenly some promoter may decide to offer a contract and the game flips completely.
     
  13. dempsey1234

    dempsey1234 Boxing Addict Full Member

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    3) There's a lot of "fighters always get screwed by evil managers and promoters" sentiment out there. You've dealt with fighters and surely in some cases you have seen the other side. Can you share some stories about fighters who screwed themselves.

    Yes sir I have experienced both sides of the fence. The worst are the fighters who cannot think for themselves and need their fathers, family or friends or a combination of all to tell the fighter how it should be, could be good. Yes I agree the fighter can and should seek advice. Only problem is the father, family and friends usually have absolutely no experience, or knowledge of boxing as a business. They go by boxrec, the internet, and books. My experience has been that newbies tend to want to re-invent the wheel, price themselves out, are unreasonable and impossible to deal with you have no idea, or they think too much of themselves, they tend to have a know it all attitude and you cant tell them anything.
    screwed promoters,
    Victor Ortiz comes to mind, he screwed Top Rank by declaring bankruptcy and going to Goldenboy. When you declare bankruptcy all contracts and most debts are canceled.
    Top Rank went to court cos they had invested a lot of money in Ortiz, the result was that in his first fight with the golden ones, he was paid $125,000, and Top Rank got $150,000, he screwed the promoter and screwed himself. Bernard Hopkins screwed Promoter Lou Dibella, Dibella fought it and again the fighter got the s**t end of the stick and in both cases rightly so.

    screwed managers?
    Fighters who listen to know nothings, who tell the fighter I can get you more money, you should be champion, you need to fight this guy or that guy. They are paying you chump change and blah blah blah. The fighter says that's right, I should be getting more money, they are paying me chump change. It really is a mine field, if a manger tries to put a stop to it he is told that he is too controlling.


    Obviously you may choose not to name the fighters involved, but as a manager I'm sure you've seen the other side -- where maybe you invested a lot of money in a guy and then he did you wrong. Or just guys who were impossible to deal with.

    Fathers, family and friends who think they know are impossible to deal with. Think of this they all think they are helping the fighter and they mostly mean well, the ones that pay for it is the fighter.
     
  14. -vincenzo-

    -vincenzo- New Member Full Member

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    Great thread!
    Thanks to Dempsey1234 for sharing his knowledge with us, it's a great opportunity to gain some insight from a veteran in the game.

    If you have a moment or two could help me out with below questions...

    1) I saw the fact mentioned before that only a small percentage of boxing enthuasiasts are able to make a living off their passion. I am interested in becoming a manager myself and would like to find out what kind of income succesful managers can generate.
    Could you give us an idea (just a range/ballpark figure) what managers on different levels of the game approximately make per year?

    2) In relation to question 1: You mentioned that you think 10% is a fair charge (which I agree to) would you say that's the industry standard or is it really more common to charge the maximum of 33% or close to it?

    3) Could you give any advice on how to find/recruit talents as a manager?
    Moreover which expenses are reasonable for a manager to advance for his fighter at the beginning of his career (e.g. paying a monthly salary, providing equipment, paying for travel expenses & training).

    Once again, many thanks for providing us with these valuable information and giving us rare insights into the boxing business.
     
  15. dempsey1234

    dempsey1234 Boxing Addict Full Member

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