Bob Arum actually initiated contract negotiations with Tom Loeffler for the Chavez Jr.-Golovkin bout. The Mexican rejected it because he was given two options: receive a huge purse, but agree to a multi-fight contract extension with Top Rank; or take a small purse and become a free agent. Julio agreed to face Gennady on the purse size promised by Arum, but didn’t want to commit himself to a multi-fight agreement with Top Rank.apollo creed wrote: ↑25 Mar 2019, 09:07 May 15, 2012
"The deal we made with the WBA is that Sturm was allowed a voluntary defense, and if he wins, his next fight will be a mandatory defense," said K2 promoter Tom Loeffler, who promotes Golovkin as part of the Klitschko brothers' stable of fighters. "They have been ordered to make that fight by Sept. 30. At this point, Sturm is running out of options. Sturm, at this time, holds the record for being a champion the longest without having a mandatory defense. Two years ago, Gennady was the interim champion and Sturm was the WBA champion. Sturm then got elevated to super champion. For the last two years, Gennady has been trying to fight him."
Golovkin, who has traveled to New York to meet with American television network executives, hopes to fight in the United States -- but only after the fight with Sturm, if it happens.
"I want the fight with Felix Sturm," Golovkin said. "That is the only fight I really want at this time. I do think he will get in the ring with me by Sept. 30.."
March 8, 2014
'Gennady ‘GGG’ Golovkin will make his HBO return on July 12th; his opponent for the fights is what is shocking. ‘GGG’ is in negotiations to fight Julio Cesar Chavez Jr. at 168 lbs.
JCC is coming off a dominating performance against Bryan Vera and is surely thinking that he’s one of the elite boxers once again. Golovkin has the skills to bring Chavez Jr. back to reality.
Of course the appeal for this fight for Chavez Jr. is the huge pay day that will come to both him and GGG. HBO is looking at the Forum in LA as the site for this event and they’ll most likely make this their second PPV event of the year.'
20 March 2014
'Negotiations of Gennady Golovkin and Peter Quillin fight have failed, Tengrinews report citing Oleg German, manager of the WBA and IBO champion from Kazakhstan. According to German, Golovkin has been working with HBO for a long time, while Quillin has a contract with Showtime. The boxers could not agree on the company that would broadcast the fight. Quillin’s promoters suggested having a competition between the two channels and give the winner the right to broadcast the Golovkin-Quillin fight. But GGG’s team could not agree to that because of their binding agreement with HBO.'
Thu Apr 17, 2014
'Last week, Julio Cesar Chavez Jr. rejected a proposal to fight IBO/WBA middleweight champion Gennady Golovkin, at 168, on July 19 at the Forum in Inglewood, California - because Chavez wasn't happy with a signing a contract extension with Top Rank. The Mexican star was not satisfied with portions of the extension, including his guaranteed minumem per fight.
But now a new offer has been presented, which better suits what Chavez is looking for.
"We have to look at everything, but things are looking good. Nothing is going to get closed until next week because right now everyone is on vacation," Chavez said.'
GGG's team tried to make fights with a few of these top guys but from various political reasons all were off?![]()
Your quote about the Sturm bout doesn’t detail any offers K2 or Tom Loeffler made to GGG’s rival.
In terms of the failed Quillin-GGG negotiations, it appears that GGG’s team rejected the bout for the same reason Sergey Kovalev rejected the opportunity to face Adonis Stevenson, which was due to his exclusive contract with HBO preventing purse bids that may result in him competing on a rival network. There's no proof of Quillin "ducking", if it was the Kazakh's team that rejected the opportunity to face the American.
I also feel that K2 would have submitted a lowball offer to Quillin and then subsequently proclaimed “duck” after it was obviously rejected.
Quillin was able to earn $1.5m for the Jacobs bout and $1.4m against Matt Korobov, whereas typical GGG opponents’ around the same time were earning less than half those sums.
Let’s compare these sums to the ballpark paydays for four of Golovkin’s bouts that took place around the time of the failed Quillin-GGG negotiations:
• Golovkin = $900K; Rubio = $450K
• Golovkin = $750K; Geale = $600k
• Golovkin = $400K; Stevens = $290K
• Golovkin = $350K; Macklin = $300K
HBO and K2 weren’t willing to financially back GGG and the Kazakh didn’t receive the paydays that he deserved around the same time the Quillin-GGG negotiations fell through.
For example:
• Second tier fighters, such as Sakio Bika (58%) and Anthony Dirrell (42%) shared a $1.2m fight purse for their rematch
• Brian Vera’s was reportedly paid $400K for his first fight against Julio Cesar Chavez Jr. was the same purse that GGG received to face Curtis Stevens.
• Darren Barker earned $1.3m for his fight against Felix Sturm, which was more than the combined purses of Golovkin & Rubio for their fight.
• Edwin Rodriguez was paid $600K and Denis Grachev was paid $400K when they fought, which was more than what GGG earned for both the Macklin & Stevens bouts.
• Edwin Rodriguez earned $1m when he fought Andre Ward... and then compare this figure to what Golovkin was paid for both the Macklin & Stevens bouts.
• Andre Dirrell and James DeGale were both paid $1.55m for their bout. At that precise point in time, GGG's career-best payday was the $900K he earned to blitz Marco Antonio Rubio.
I’ve said it once and I’ll say it again: K2 are the main reason for GGG’s failure to compete in many more marquee bouts. They hardy ever initiated contract negotiations and on the rare occasion they did, they submitted lowball offers, because they weren't willing to invest their money, since the numbers speak volumes!