After all the punch and grab over whether or not this fight would actually happen, finally a deal was struck and the announcement was made. Bob Arum stated that the fight was agreed upon by both parties and that November 14th would be the defining moment in the careers of two of the sports most prominent warriors.
After all the celebration for the official announcement, there seems to be a few key issues that stand in the way, and some close to the situation have began to wonder whether or not we actually have a fight.
It's hard to believe that we don't until you stumble across one major detail......Neither signature has touched the contracts yet!
When Bob Arum was quoted last week as saying that "it should be done this week or early next", I knew there was more to the mix than what we were being told. It's one thing to have a verbal agreement over the phone from thousands of miles away (Cotto in Puerto Rico and Pacquiao in the Philippines) but it's another story when guys get to see things face to face and learn that some of the details were not completely addressed.
Seems there wasn't a complete understanding for whether or not the title would be on the line, and apparently, all the issues surrounding the economics have yet to be hashed out as well.
Arum was recently quoted as saying that sanctioning fees could tally up to $400K, however, research has revealed that $340K is the magic number, with both fighters forking over $150K a piece, and Arum contributing $40K as the promoter.
Read More...
Source: www.examiner.com
By: Vivek Wallace
After all the celebration for the official announcement, there seems to be a few key issues that stand in the way, and some close to the situation have began to wonder whether or not we actually have a fight.
It's hard to believe that we don't until you stumble across one major detail......Neither signature has touched the contracts yet!
When Bob Arum was quoted last week as saying that "it should be done this week or early next", I knew there was more to the mix than what we were being told. It's one thing to have a verbal agreement over the phone from thousands of miles away (Cotto in Puerto Rico and Pacquiao in the Philippines) but it's another story when guys get to see things face to face and learn that some of the details were not completely addressed.
Seems there wasn't a complete understanding for whether or not the title would be on the line, and apparently, all the issues surrounding the economics have yet to be hashed out as well.
Arum was recently quoted as saying that sanctioning fees could tally up to $400K, however, research has revealed that $340K is the magic number, with both fighters forking over $150K a piece, and Arum contributing $40K as the promoter.
Read More...
Source: www.examiner.com
By: Vivek Wallace
0 comments:
Post a Comment