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

M, You have it right, to get a fancy record costs money and more money to maintain it. Especially if you have a bunch of ko's to go along with that "0".

 

I don't know what to tell you, ask him for a release and move on if he will let you. If you have a valid managerial contract then you are married and like getting a divorce it could be costly to get out of.
I know this is probably not what you wanted to hear, but knowing only one side I cant give you an honest opinion. I am curious what happened to fighting every week??

 

TC, There's not much I can offer you cos if you have a solid contract with this guy, then right or wrong he has the law on his side. What you should do is go to the local boxing commission and show them what you have, the signed contract, also tell them what you have written here. They would tell you if it is a legal contract and if this guy licensed by them as a manager.
In the states if you aren't licensed by a boxing commission then he is not a manager then the contract can be voided. You may have to consult a lawyer, there are no easy answers. Good luck

 

M, I couldn't have said better. Fighters now seem to all be waiting for that call that will change their careers, and make huge piles of money from a certain power broker with the initials "AH". As of today, he controls over a hundred fighters and still growing, from prelim's to champions, and just about every weight division. Many are leaping on the bandwagon forget about jumping on the bandwagon. All these fighters including managers are knocking on "AH's" door hoping to be one of many, and therein lies the problem, they will be one of many, and there are just so many shows to put them on. There is a saying in boxing that says "Keep them hungry, then they will do what you want". I fear most of the smart managers and fighters may just be chasing a dream, the reality will sink in when the game changes to the survival of the fittest, most will fall by the way side wondering where their careers went. Some like Broner and Berto will get huge undeserved purses for a while until fans get wise and vote with their a$$'s. My advice don't be one of many.

 

A well known trainer is questioning why a very well known agent/promoter takes 40% from a fighter. Here is a lesson in boxing economics, the agent/promoter acts as a promoter, the TV outlet gives him a budget for his fighter on the show. The agent/promoter gets the ck from the TV outlet, he then pays the fighter out of that. For example, let's say the TV outlet pays the agent/promoter a $100 for the fighter, the agent/promoter, pays the fighter $25, if the fighter accepts then the agent/promoter has made $75 on the fight. Even if the fighter says that's not enough the agent/promoter, then has wiggle room and can say ok, here is another $15.00. Manny Paciquao learned first hand about that, when he fought Marco A Barrera, the promoter got a $700,000, ck from the TV outlet, out of that Manny got $300,000. The promoter made a tidy $400,000 off that fight and that's legal. Guy's this happens all the time and to big name fighters, do your homework.

 

Guys came across this article which I read a few years ago, thought you might gather some insights into how this game is really played by some big time managers/advisors. The article was written by Tom Hauser, Shelly Finkel's Packaging Fee, it was written about ten years ago if you were to fast forward some things today might make sense after reading the article. Google ” Shelly Finkel's Packaging Fee - thomas hauser”, scroll down to “Pacland’s Philippine Boxing Forum, click on it and then scroll down until you see the complete article. It’s well worth your time or you can buy Hauser’s book, "Chaos, corruption, courage and glory : a year in boxing"

 

That's something I am sure Haymon countered with bigger numbers and most importantly he retains total control. Here is a couple of options to think about. Free agency would enable Wilder to pick and choose the best deal from whatever promoter and still retain control. If Wilder were to start his own promotional company he could make even more money as co promoter, then not only does he collect his purse but he will get a chunk of whatever revenue comes in and again control is retained.

 

Did you go to Saucedo's fight in OKC???