Bob Arum: Golovkin vs Chavez Jr Fight Is Dead

[Black_Jesus]

Why would Bob Arum need an extension for JCC Jr to have two fights in a contract that doesn't end til Oct 2015??

That makes sense to you

Has Jr not been acting as if he wants to fight GGG then leave TR even with his contract not up until 2015.. Its strange on both ends

 

[WhodatWhoadi]

cot damn I hate bob arum.

 

[Jello Biafra]

What is the extra stuff Arum is strong arming Jr into doing? Wanting a guarantee of 2 more HBO fights until his contract is up in 2015?? Poor Jr.. *silent fiddle*

Initially the story was that he lowballed Jr unless he signed a 2 fight extension.
And they already have a contract that runs till 2015 there really is no need for any extra written guarantees about future fights for the duration of the contract since Bob's job is to put together appealing fights for Jr anyway.

 

[Black_Jesus]

Initially the story was that he lowballed Jr unless he signed a 2 fight extension.
And they already have a contract that runs till 2015 there really is no need for any extra written guarantees about future fights for the duration of the contract since Bob's job is to put together appealing fights for Jr anyway.

Jr wont sign the two fight extension to fight GGG and possibly whoever else, but is under contract until fall 2015.. That doesn't sound strange to you??.Yes I understand Bobs job is to make rhe fights, but Jr is talking like he only wants to fight Jr then become a free agent

 

[Jello Biafra]

Jr wont sign the two fight extension to fight GGG and possibly whoever else, but is under contract until fall 2015.. That doesn't sound strange to you??.Yes I understand Bobs job is to make rhe fights, but Jr is talking like he only wants to fight Jr then become a free agent

So Jr's master plan was to fight Golovkin in the summer and then enter into the long and arduous process of taking Top Rank to court to try and get out of his contract? Or was he planning on sitting on his ass for a year and change refusing all the fights Arum would offer him until his contract expires?
Either way it would mean basically he'd be inactive for more than a year? I don't think I have seen those signs from Jr at all. Intimating that he is signing Haymon as an advisor may telegraph that he plans to bounce when his contract is up but it doesn't mean he would plan to not fight at all within that time span either.

 

[Black_Jesus]

So Jr's master plan was to fight Golovkin in the summer and then enter into the long and arduous process of taking Top Rank to court to try and get out of his contract? Or was he planning on sitting on his ass for a year and change refusing all the fights Arum would offer him until his contract expires?
Either way it would mean basically he'd be inactive for more than a year? I don't think I have seen those signs from Jr at all. Intimating that he is signing Haymon as an advisor may telegraph that he plans to bounce when his contract is up but it doesn't mean he would plan to not fight at all within that time span either.

Well Can anyone tell me what is Jr's plan now?? because all he did was turn down a huge ppv fight pivitol to his career where he was easily getting a career high purse... Was signing for two more fights really worth giving all that up?

Hey does anyone know what Arum offered Jr for GGG if he signed??

 

[jackswstd]

And everybody thought Don King was the Devil

 

[Thatrogueassdiaz]

Woulda been a hell of a fight

 

[Jello Biafra]

From the ESPN article:

Golovkin, who was willing to move up in weight, signed for the 12-round super-middleweight fight weeks ago, but Chavez and Top Rank have been going back and forth, unable to come to terms. Arum said Chavez's contract with Top Rank expires in October 2015 and one of the central issues in the negotiation for the Golovkin fight was Top Rank's desire to have him sign an extension, but Chavez did not want to.

Arum said he relented on insisting on the extension and instead presented Chavez with two proposals. Under one proposal, Chavez would earn a certain amount of money to fight Golovkin without an extension. He would earn far more for the fight if he accepted the proposal with the extension.

"But what Chavez wants is the bigger purse without the futures," Arum said. "Why would we take a risk losing money on the fight with Golovkin and then we lose the kid as well? If we can make money and then he wants to go on his way, OK. But he can't have it both ways.

"So if he doesn't do the Golovkin fight, we'll offer him another fight, maybe for an HBO fight or a pay-per-view fight, but we're not going to offer him a fight where we are taking a big risk and we could lose money. For what?"

Top Rank vice president Carl Moretti said he is glad Chavez turned down the offers, especially the one without the extension.

"Why pay that kind of money without having anything moving forward? I'm happy he turned the deal down. It was too heavy, too much," Moretti said. "I'm not worried about it today. I'd rather deal with fighters who want to fight."


Read more at Julio Cesar Chavez Jr-Gennady Golovkin showdown talks stalled, promoter's tell ESPN | Boxing News | ESPN.co.uk

Everything coming out from Top Rank makes no sense when you take into account they are still in the middle of a contract with a year and a half left on it. And I don't see how anyone could be confused or see any way to defend Arum on this.

 

[Black_Jesus]

Keane's entire statement Thursday to Yahoo Sports:

As you know from my interview with you yesterday, my preference and Julio's preference was not to get into an exposé about how Top Rank has mistreated Julio during this negotiation.

Unfortunately, based upon Todd's interview with you today, I am once again forced to set the record straight on his misrepresentations.

Let's clarify the offer that Todd defends passionately as fair. Julio was offered a $6.6 million guarantee to fight Golovkin in July, which included a two-fight extension. Although we considered the offer below market value for a pay-per-view of that stature, Julio nonetheless immediately agreed to it because it was not only a fight he wanted, but it was a fight the people wanted and he wanted to give that to them. What he did not agree to was the two-fight extension.

There were multiple other offers by Top Rank, which always included extensions. The richest one was a $7 million guarantee with a one-fight extension for $10 million if he won and $5 million if he lost. Again, we accepted the fight but not the extension.

Bob then came back and offered us the standalone fight with no extensions for a $2 million guarantee. That was $5 million less from his last offer, which is more than a 70 percent decrease from the original guaranteed purse. There was an upside that didn't kick in until after 375,000 pay-per-view buys.

This guarantee was less than what he received for Bryan Vera I and is the same guarantee that is being offered to Golovkin to fight Chavez.

The mistake Todd and Bob continue to make is that they feel they're the only ones who can do simple arithmetic. Let's compare this fight to the Chavez-Martinez pay-per-view fight that did a reported by Top Rank 475,000 pay-per-view buys. Although many experts feel the fight will do better, if not at least the same, if not more, but let's observe Todd's risk profile concerns calculated from a considerably less 375,000 buys than the 475,000 buys that Top Rank reported [for Chavez-Martinez] at the normal pay-per-view price.

That leaves $10 million in the pot. Now, we add foreign, live gate, delays, sponsors. Let's assume that is $4-5 million. I have no idea for sure on these numbers because it's been a long-time since Top Rank has provided me with an Ali disclosure (form).

Top Rank has agreed to cap expenses at $3 million. That leaves a net of $11-12 million. But again, in observance of Todd's risk-profile concerns, let's reduce that number even more to $10 million, which is a ridiculously safe and conservative number. Of that $10 million, it comes out to $2 million for Chavez Jr., $2 million for Golovkin and $6 million for Top Rank. Again, this is an ultra-conservative calculation of the pot which is based upon 375,000 pay-per-view To satisfy Todd's risk-profile concerns, I guess Top Rank needs to make three times as much as Julio before his upside kicks in.

Lastly, there is one statement I'd like to clarify, which is where he said they are paying Julio more than his minimum. I would certainly hope so, because the minimum they refer to sums from his 2005 contract when he was an amateur just turning pro. So I hope the minimum sum in his first pro contract is not the minimum of someone who has grown into an undeniable pay-per-view attraction.

By now, it's fairly obvious that not only is the July​

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@Jello Biafra

So basically what it comes down to is Jr is ducking GGG.. I dont give a fukk what anyone says...

Arum offered JR. $6.6 million guarantee plus ppv for a two fight extension until 2015.. The extension is so Jr. wont fight GGG and then sit out the rest of his contract (like we seen before)...

Jr refused of course.. So Arum offered this bytch nikka $10 million if he wins and $5 million of he lose and a ONE FIGHT EXTENSION!!! ONE fukkING FIGHT.. he turned that down too
Lets all blame evil bob arum for this fight not happening though . How dare he try to pay Jr a career high purse and ask for 1 fight in return ​

 

[Newzz]

Keane's entire statement Thursday to Yahoo Sports:

​

@Jello Biafra

So basically what it comes down to is Jr is ducking GGG.. I dont give a fukk what anyone says...

Arum offered JR. $6.6 million guarantee plus ppv for a two fight extension until 2015.. The extension is so Jr. wont fight GGG and then sit out the rest of his contract (like we seen before)...

Jr refused of course.. So Arum offered this bytch nikka $10 million if he wins and $5 million of he lose and a ONE FIGHT EXTENSION!!! ONE fukkING FIGHT.. he turned that down too
Lets all blame evil bob arum for this fight not happening though . How dare he try to pay Jr a career high purse and ask for 1 fight in return ​

There's no such thing as a "two fight extension until 2015"....his contract runs until October 2015 already. A two fight extension goes past that contract date

A 1 fight extension sounds all fair and good......until it's time for that final 1 fight and Arum starts all over with this extension shyt again (like he's currently doing Pacquiao) which will cause JCC Jr to sit on the sidelines instead of fight for him.


Chavez isnt ducking GGG at all. The hell for when Chavez is the one who asked for the fight?

Arum is trying to force all his fighters to stay there by basically backing them into a corner and holding fights over their head unless they sign

It's not ironic breh that EVERYONE that posted in this thread can see that Arum is in the wrong except you

 

[Black_Jesus]

There's no such thing as a "two fight extension until 2015"....his contract runs until October 2015 already. A two fight extension goes past that contract date

A 1 fight extension sounds all fair and good......until it's time for that final 1 fight and Arum starts all over with this extension shyt again (like he's currently doing Pacquiao) which will cause JCC Jr to sit on the sidelines instead of fight for him.


Chavez isnt ducking GGG at all. The hell for when Chavez is the one who asked for the fight?

Arum is trying to force all his fighters to stay there by basically backing them into a corner and holding fights over their head unless they sign

It's not ironic breh that EVERYONE that posted in this thread can see that Arum is in the wrong except you

nikka please

Man Jr was guaranteed $10 million for beating GGG and a 1 fight extension.. and he turned it down while having almost two years left on his contract. . That was a stupid move on his part because that was a great deal he was offered. Unless he dont really want to fight.'. And say what if he did git down to that one fight and Arum asked for another extension, then he could refuse to sign it, opt to sit out for the remaining time or whatever his ass wants to do because he would already be closer to the end of his contract anyway

 

[California Burrito]

nikka please

Man Jr was guaranteed $10 million for beating GGG and a 1 fight extension.. and he turned it down while having almost two years left on his contract. . That was a stupid move on his part because that was a great deal he was offered. Unless he dont really want to fight.'. And say what if he did git down to that one fight and Arum asked for another extension, then he could refuse to sign it, opt to sit out for the remaining time or whatever his ass wants to do because he would already be closer to the end of his contract anyway

you do realize both options have the word "extension" in them thats bullshyt. now bob arum can guarantee he's going to lose chavez to goldenboy when his contract is up instead of keeping his biggest draw for HBO happy give the kid what he wants shyt maybe he stays with you in the long run but you dont play when you got pull and fans like chavez jr RIP top rank the beginning of the end

 

[Jello Biafra]

Keane's entire statement Thursday to Yahoo Sports:

​

@Jello Biafra

So basically what it comes down to is Jr is ducking GGG.. I dont give a fukk what anyone says...

Arum offered JR. $6.6 million guarantee plus ppv for a two fight extension until 2015.. The extension is so Jr. wont fight GGG and then sit out the rest of his contract (like we seen before)...

Jr refused of course.. So Arum offered this bytch nikka $10 million if he wins and $5 million of he lose and a ONE FIGHT EXTENSION!!! ONE fukkING FIGHT.. he turned that down too
Lets all blame evil bob arum for this fight not happening though . How dare he try to pay Jr a career high purse and ask for 1 fight in return ​

Jr and TR already have a contract that runs till fall 2015 so the idea of a two fight extension until 2015 makes no sense...if Jr fights Golovkin in July of 2014 that gives Arum a year and a few months to put together about 3 fukking fights within the parameters of the existing contract!
Why should Jr have to agree to extending his contract with Top Rank just to get a fight during the life cycle of his existing contract?

 

[Black_Jesus]

you do realize both options have the word "extension" in them thats bullshyt. now bob arum can guarantee he's going to lose chavez to goldenboy when his contract is up instead of keeping his biggest draw for HBO happy give the kid what he wants shyt maybe he stays with you in the long run but you dont play when you got pull and fans like chavez jr RIP top rank the beginning of the end

An extension for 1 fight is bullshyt?? When you're getting a $10 million guarantee ppv fight??. okay breh