Ruthless-RKO wrote: ↑06 Aug 2020, 06:45As I was said, I wasn’t comparing. Loma has been in bigger fights longer than Teo as well. Teo should take the money if he has any belief he will win.. beat Loma and then let the auto Big paydays roll on.
Let me ask you EO, put urself in Arum’s shoes.
What would you do?
From a legal perspective, Bob Arum is not responsible for looking after Teofimo Lopez's best interests. That's the duty of Teo's manager.
The promoter is only the producer of the boxing event – they don’t have a “fiduciary duty” to the fighters.
A promoter earns their money by promoting a fight card by creating interest in it, by maximising sales of tickets and television monies, whilst minimising expenses, such as the purses of fighters. Basically, maximise revenue and also minimise costs.
I believe that Teofimo Lopez should flatly refuse to consider accepting any offer for a fight if he isn’t being paid his commercial worth.
So I expect Bob Arum to either resubmit a revised offer, with improved terms, or find a cheaper opponent for Lomachenko to face.
I don’t support the notion that B-side fighter’s should automatically be willing to accept pay cuts or be paid less than their commercial worth, in order to receive an opportunity to gain ownership of the “keys to the kingdom”, because all this achieves is to line the pockets of their opponents, the promoters and also the networks.
Basically it's a case of... "please take a smaller slice of the pie, so that our portions are bigger?"
