BoxRec

I have heard for Cory Spinks' co-manager that Don King is offering the Unidisputed Welterweight champion not much of a deal when it comes to his next fight. King spoke to team Spinks to try and negotiate a deal for Spinks vs Mayorga 2. However, he has offered the team less than a million dollars and the fight must take place in Peuto Rico.

Naturally, the team have turned down that ridiculous offer.

I personally thought that was extremely unfair, Cory could become a real star player with his much documented backgorund and lovely boxing skills. I thought the offer showed an awful amount of disrespect.

Kurt Ermhoff is also the manager of Travis Simms, apparently King has said that if he does not accept another low offer for a rematch with apparently the more marketable Garcia then he should expect a long wait. Simms, is manadotory challenger to the Super Champion (currently Moseley) so may wait for his chance. He's not interested in Garcia and wants the big paydays.

Mmmm. Interesting that King should be offering such poor money. Ivan Goldman chronicled in The Scotsman yesterday how serious damage was inflicted on King's empire when he agreed to pay former fighter Terry Norris $7.5million to drop a lawsuit against him.
Goldman continues:
The integrity-challenged King has always been a courtroom star, fending off lawsuits and criminal indictments like a chess master who checkmates or at least stalemates all comers.
To put it another way, the settlement with ex-junior middleweight champion Norris may have been just a good stiff jab. A knockout punch is possibly on its way in the form of another lawsuit working its way through the New York court system.
Mike Tyson is seeking $100million, claiming that's how much King stole from him after Tyson got out of prison in 1995. Tyson has turned down King's offer of a new $20million "signing bonus" in exchange for burying the hatchet - and lawsuit.
In the Norris trial, attorney Judd Burstein showed a New York jury a promissory note that proved King had lent $200,000 to Norris's manager Joe Sayatovich and his wife in 1994, when Sayatovich was supposed to be negotiating with King on Norris's behalf. Two facts about this note stood out. It carried no due date and no interest.
The New York City jury had heard the plaintive testimony of financially strapped Norris who, at 36, has the telltale speech of a fighter who took too many punches. He earned millions in purse money, but most of it was filtered through Sayatovich and King. Shortly after the jury began deliberating, their foreman asked the judge to send in a calculator. At that point, King settled.
"I think Don's in trouble if he loses the Tyson lawsuit," said Nigel Collins, editor-in-chief of America's The Ring magazine. "$100m is not the kind of hit any company can take and still have a bottom line. I've heard that Don has put most of his personal income in his wife's name so even if Don King Productions falls, a company might come back in a different form.
"Don has been on the ropes several times and survived, though the Terry Norris settlement didn’t help. There may be other lawsuits out there. The piranhas smell blood in the water, and they come swarming. I can see other fighters saying, 'Hey, wait a minute ... Don King's not infallible in court'."
Observers who don't comprehend the way King works were baffled when Tyson returned to King after serving three and a half years for a rape conviction. In the interim, investigative reporter Jack Newfield's Only in America: The Life and Crimes of Don King was published. It detailed such King practices as hiring his daughter Debby to be president of Tyson's fan club and paying her $52,000 a year out of Tyson's end.
Newfield also ferreted out a signed affidavit by Joe Maffia, King's former accountant, who stated under oath that King had billed Tyson for the entire cost of maintaining Don King Productions apartments in New York, Las Vegas, and Los Angeles. Maffia also testified that, using Tyson's money, King had paid the WBC a $100,000 sanctioning fee for a fight that had no WBC title at stake and overpaid the WBC $209,000 in fees in three other title fights.
The WBC, with headquarters in Mexico City, is the private kingdom of its president-for-life Jose Sulaiman, a close ally of King. Much of King's power is derived from his ability to get what he wants from the WBC and the other alphabet gangs.
But even after these giant piles of dirt were dug up and displayed by Newfield, Maffia and others, Tyson went straight from an Indiana penitentiary into the clutches of the persuasive King. When Tyson finally sent lawyers after him, they discovered that the legal firm of Sidley & Austin, which has offices in 15 cities on three continents, had been representing King and Tyson at the same time. The firm has since paid $20m to Tyson in exchange for his dropping a lawsuit.
King, known for his trademark electric hairdo, is perceived by most of the public as a clown-like showman who, though long-winded, is an entertaining character. In recent years, to add to his carefully constructed image of a kindly, mischievous uncle, he's been wearing a goofy denim jacket for TV cameras while he waves a little American flag. But King is no joke. He's a tough, determined ex-convict who began adult life as a racketeer in Cleveland, Ohio, and has killed two men that we know about.

You really should condense some of these posts.