BoxRec

And Crawford doesn't help himself, because he refuses to do interviews with journalists if they're not one of his supporters, which is a terrible attitude to have if you're partially responsible for promoting your own bouts!



Crawford has also communicated his grievances with Top Rank via his legal team:



Thoughts?

I kept insisting on my belief about Crawford not being a commercially big name, but no one believed me!

And Bob Arum's comments appears to endorse my previous claim about Bud being overpaid (in the context of his $3m per bout guarantee, coupled with his lackluster viewing figures and PPV buy-rates)!

If Bob Arum is seemingly reluctant to continue paying a $3m+ guarantee to Terence Crawford in order to stage a loss-making event, what’s the likelihood of him funding super-fights involving Bud and the likes of Pacquiao and Spence Jr.?

Where does Terence Crawford go from here?

Crawford is extremely skilled and has a very exciting style. He is inarguably a pound-for-pound top five fighter, top three really. Maybe even #1. How can he be overpaid making hardly a fraction of what previous P4P kings Pac and Mayweather made fighting at the same weight?

Arum and TR failed Crawford miserably by failing to get him good fights in their stable. They are trying to pass the blame onto him now that his career is finally coming to an end, and he inevitably won’t re-sign with them due to their inability to sign good welterweights into their stable and/or get the PBC do make the Spence fight.

Then trade him with Haymon for Gervonta Davis. Its a win win.

shame for bob

This is fine. TC could go on PBC after his contract with TR expires so we can see him in top fights. It seems like PBC is gonna attract lots of top fighters.

Why do promoters pay silly money to these guys if they know they’re gonna lose it

Riddick Blowe wrote: ↑16 Nov 2020, 14:20 Why do promoters pay silly money to these guys if they know they’re gonna lose it

There’s an old saying that the best way to make a million dollars in boxing is to spend two million.

It’s been an investment for TR in hopes of a superfight payoff for Crawford, but that looks further and further from happening as the PBC has captured all potentially valuable competition at 147lbs. Crawford despite his immense talent remains a relatively fringe attraction that even all harcore fans aren’t sold on. In large part this is TR’s failure as his promoter and marketer.

It’s been a real shame watching TR fail Crawford and then throw him under the bus. Such is the business of boxing.

bobcatbox wrote: ↑16 Nov 2020, 15:03

Riddick Blowe wrote: ↑16 Nov 2020, 14:20 Why do promoters pay silly money to these guys if they know they’re gonna lose it

There’s an old saying that the best way to make a million dollars in boxing is to spend two million.

It’s been an investment for TR in hopes of a superfight payoff for Crawford, but that looks further and further from happening as the PBC has captured all potentially valuable competition at 147lbs. Crawford despite his immense talent remains a relatively fringe attraction that even all harcore fans aren’t sold on. In large part this is TR’s failure as his promoter and marketer.

It’s been a real shame watching TR fail Crawford and then throw him under the bus. Such is the business of boxing.

Who would have thought! A promoters job is to promote their fighter? No way!

In some ways a good thing for Crawford if he becomes a free agent and get fights with Spence etc

Bob Arum is supposed to be the promoter. Terence Crawford's job is to fight, which he does very well.

All Arum has to do is let Bud fight good welterweights like Spence and the revenue will flow. But the truth is, Arum has been doing a poor job with many of his boxers.

Bud needs to break away Arum and signing with PBC.

Terrence Crawford isnt going anywhere after TR. PBC dont want him. Crawford will resign with TR on a 250k purse insurance deal.

Perkin Warbeck wrote: ↑16 Nov 2020, 17:42 Bob Arum is supposed to be the promoter. Terence Crawford's job is to fight, which he does very well.

All Arum has to do is let Bud fight good welterweights like Spence and the revenue will flow. But the truth is, Arum has been doing a poor job with many of his boxers.

Bud needs to break away Arum and signing with PBC.

Crawford fuked himself (kinda) signing with bob, not because bob is a bad promoter but because he knew that PBC had all the welters and wouldent work with him if he was toprank. In addition to that his self promotion is pretty weak, he is kinda boring (out of the ring) and rarely/never see him doing youtube interviews.

Other side of the coin is crawford has managed to make millions while fighting relitivly weak compition, minimal out of ring commitments and hasnt had the burden of full celebrity status. (me personaly find this an apealing carrerr path, but its not great for finding legacy fights.)

But your right bud needs to sign with PBC, he needed to do that last time too but took the easy money path, interesting to see what path he takes this time (that is if bob offers the easy money path again)

Great news.
Bud will soon cross the street.

siablo14 wrote: ↑16 Nov 2020, 19:55 Great news.
Bud will soon cross the street.

Technically-speaking, Crawford can't leave Top Rank any sooner than October 2021 (unless Bud successfully negotiates an early release).

And a lot can happen within the next eleven months.

I'd be delighted if Crawford joins the PBC, but he could potentially change his mind and decide to stay with Top Rank.

Enlightened-One wrote: ↑16 Nov 2020, 20:13

siablo14 wrote: ↑16 Nov 2020, 19:55 Great news.
Bud will soon cross the street.

Technically-speaking, Crawford can't leave Top Rank any sooner than October 2021 (unless Bud successfully negotiates an early release).

And a lot can happen within the next eleven months.

I'd be delighted if Crawford joins the PBC, but he could potentially change his mind and decide to stay with Top Rank.

Damn. We gotta wait a year for Bud to fight Thurman, D Garcia, M Garcia, Porter, Ugas, etc.

black panther wrote: ↑16 Nov 2020, 15:27

bobcatbox wrote: ↑16 Nov 2020, 15:03

Riddick Blowe wrote: ↑16 Nov 2020, 14:20 Why do promoters pay silly money to these guys if they know they’re gonna lose it

There’s an old saying that the best way to make a million dollars in boxing is to spend two million.

It’s been an investment for TR in hopes of a superfight payoff for Crawford, but that looks further and further from happening as the PBC has captured all potentially valuable competition at 147lbs. Crawford despite his immense talent remains a relatively fringe attraction that even all harcore fans aren’t sold on. In large part this is TR’s failure as his promoter and marketer.

It’s been a real shame watching TR fail Crawford and then throw him under the bus. Such is the business of boxing.

Who would have thought! A promoters job is to promote their fighter? No way!

In some ways a good thing for Crawford if he becomes a free agent and get fights with Spence etc

A free agent at his age, though. Fortunately TC is a great athlete and should remain comfortable at 147 long enough to fight Spence and a few other top Welters once he’s out from under TR.

Good. Maybe he'll go to PBC, and actually fight some meaningful fights while he's still in his prime.

Anyone know what pbc had offered him previously compared to TR? Did that make news? I can’t find anything.

TR should have made Pac vs. TC a few years ago, when they were both at TR.

lazboy wrote: ↑17 Nov 2020, 00:32 Anyone know what pbc had offered him previously compared to TR? Did that make news? I can’t find anything.

Fighters aligned with the PBC operate using a business model that differs greatly from the traditional practice of boxers using promoters (as per those working with Top Rank, GBP, Matchroom etc.). It wouldn't have been a simple case of whoever submitted the highest bid to Terence Crawford. Their packages would have been completely different.

Most of the big-name PBC fighters are self-promoted, which means their purses are supplemented with revenue that promoters usually receive. However, they also have to fund/stage the events themselves (as per the typical business practice of promoters).

For instance, a fighter like Danny Garcia usually receives a $2m to $3m minimum purse guarantee to face his big-name fellow PBC peers, but that would be supplemented with PPV commission, coupled with profits he would have generated from being one of the co-promoters of the event.

So his take-home pay could potentially be far more than double the minimum purse guarantee figure, but he has to promote his own events. He has more work to do, because being a boxer isn't his only job.

Keith Thurman received a $2.5m guarantee to face Manny Pacquiao, but after the PPV commission, his purse allegedly grew to $10m. The Filipino legend apparently received $20m. However, both fighters would have also earned extra money via their profits from co-promoting the event.

Coincidentally, Bob Arum was unwilling to pay Thurman $10m or Pacquiao $20m to face Terence Crawford. This isn’t hearsay, he actually told the media their purse demands were too high and also quoted those precise figures.

Obviously, the PBC guys earn much smaller paydays when they face anonymous opposition. And if no one watches their events or the TV networks aren't interested in covering them, then they may make very little. They have more risk, investment and more work to do when staging their own bouts.

The obvious upside is that PBC fighters do have greater control over their own careers. And if you're a welterweight, you have lots of opportunities to engage in fights against big-name opponents.

In stark contrast, Terence Crawford's minimum purse guarantee with Top Rank is allegedly $3m to $4m per bout, regardless as to whomever he fights. And Top Rank performs all the promotional activities (i.e. funding/staging the events, working with the networks and media etc.).

The apparent downside of Bud's deal with Top Rank is that the quality of his opposition he's facing at welterweight is alarmingly bad (in the context of ESPN regarding him as the best pound-for-pound fighter on the planet).

This may be partially due to Top Rank having to pay his minimum purse guarantee, despite his ESPN audience viewing figures being so low (not enough income being generated to justify funding a big-name opponent). And the other obvious reason Crawford's opposition is poor, is due to the lack of world-class welterweights within the Top Rank stable.

So Crawford’s purses don’t vary much on a fight-by-fight basis, because he can’t engage in marquee bouts. He's unable to earn much more than his $3m to $4m minimum purse guarantee, due to the calibre of his opposition being so poor, which results in his audience figures being relatively low.

In reality, based on viewing figures and PPV buy-rates alone, Terence Crawford is overpaid, because his $3m to $4m purse guarantee is too high. And Bob Arum confirmed he had lost money staging Bud’s last three bouts. The Top Rank boss also claimed the Postol event resulted in a $100K loss, because it only achieved 50K PPV buys. Hence the reason why he questions whether Top Rank should even bother to extend their contract with Bud.

Perkin Warbeck wrote: ↑16 Nov 2020, 17:42 Bob Arum is supposed to be the promoter. Terence Crawford's job is to fight, which he does very well.

All Arum has to do is let Bud fight good welterweights like Spence and the revenue will flow. But the truth is, Arum has been doing a poor job with many of his boxers.

Bud needs to break away Arum and signing with PBC.

That's very naive. It's hard to promote a fighter who refuses to assist the process. You have to get people to watch you.

jamesmcdonnell wrote: ↑17 Nov 2020, 06:45

Perkin Warbeck wrote: ↑16 Nov 2020, 17:42 Bob Arum is supposed to be the promoter. Terence Crawford's job is to fight, which he does very well.

All Arum has to do is let Bud fight good welterweights like Spence and the revenue will flow. But the truth is, Arum has been doing a poor job with many of his boxers.

Bud needs to break away Arum and signing with PBC.

That's very naive. It's hard to promote a fighter who refuses to assist the process. You have to get people to watch you.

Agreed the fighter does have to "get with the programme" to some extent.

black panther wrote: ↑17 Nov 2020, 06:56

jamesmcdonnell wrote: ↑17 Nov 2020, 06:45

Perkin Warbeck wrote: ↑16 Nov 2020, 17:42 Bob Arum is supposed to be the promoter. Terence Crawford's job is to fight, which he does very well.

All Arum has to do is let Bud fight good welterweights like Spence and the revenue will flow. But the truth is, Arum has been doing a poor job with many of his boxers.

Bud needs to break away Arum and signing with PBC.

That's very naive. It's hard to promote a fighter who refuses to assist the process. You have to get people to watch you.

Agreed the fighter does have to "get with the programme" to some extent.

Its impossible to build a following without either a huge defining fight or lots of promotion.

Floyd didn't become a household name until he fought oscar.

Commentator to Bob post fight ...
The names you want are Manny Pacquiao Errol Spence, How do you make that happen"

Look at Terrence Crawford turn to Bob and back to the camera.
That look said it all and tells you where we are for Crawford v Spence.
Crawford isn't blocking the fight by the looks of it.

jamesmcdonnell wrote: ↑17 Nov 2020, 06:59Its impossible to build a following without either a huge defining fight or lots of promotion.

Floyd didn't become a household name until he fought oscar.

Agreed!

Mayweather was wise enough to invest in himself, by being willing to be on the B-side against De La Hoya (accepting a 30% purse split) and also paying $750K to end his contract with Top Rank.

His initial investment provided long-term opportunities, because beating De La Hoya made him a PPV star overnight and becoming a free agent eventually gave him the freedom to negotiate his mega-money deal with Showtime.

In stark contrast, Bob Arum insists that any Crawford-Spence Jr. fight could only be made if was done on a 50-50 split basis, despite the fact that Errol’s commercial numbers being vastly superior to Bud’s, coupled with the fact the PBC are already capable of staging marquee bouts involving their own in-house fighters.

In the meantime, Crawford is facing a seemingly endless stream of nobodies and has-been’s.