Pro boxer wins fight, earns nothing per commission records

August 16, 2019

MMA Payout has obtained the payouts from Showtime Boxing’s Next Generation event held July 12th.  The payout sheets were released by the Washington State Department of Licensing.

The event aired on Showtime with the main event being Jermaine Franklin and Jerry Forrest in a battle of heavyweights.

Franklin made $25,000 to show and another $25,000 for his victory over Forrest.  Despite his losing effort, Forrest earned $50,000 for the matchup.

The rest of the payouts for the card are as follows:

Constantine Bejenaru  $6,000 defeated

Jose Corral  $3,600

 

Giovanni Cabrera-Mioletti  $7,975 (originally payout was deducted $25 for license) defeated

Luis Porozo $6,947.50  (30% deduction from $10K payout for taxes)

 

Eric Hunter  $0 (Original payout of $100 deducted for missing weight)

German Meraz  $5,518 (Original $5,300 payout was deducted for medicals)

Payout Perspective:

The most notably lack of a payout goes to Eric Hunter.  He won his fight against German Meraz but was penalized for not making weight.  Hunter, a boxer with a 22-4 professional record, was only scheduled to make $100 for this fight.  This is brutal for the Philly-based fighter who flew all the way tot he west coast for a $100 purse.  One has to assume that he is being compensated elsewhere although the department of license does not have the payout reported.

Prograis files lawsuit against World Boxing Super Series

August 12, 2019

Regis Prograis has filed a lawsuit against the World Boxing Super Series seeking out of his contractual obligations due to alleged lack of funding for the event.  The lawsuit was filed on Friday in U.S. District Court in New Jersey.

Prograis, a native of New Orleans, won the WBA version of the 140-pound championship and advanced to the WBSS final against Josh Taylor to unify the super lightweight title this fall.

Prograis and his promoter Lou DiBella have requested a Declaratory Judgment which would allow him to fight elsewhere without repercussion from WBSS. According to the lawsuit, they claim inducement by WBSS “with the promise of career high paydays, including in excess of a million dollars, and the chance to fight some of the top competitors in Prograis’ weight class.  In reliance, they signed  a Tournament Agreement.  They note that they were not paid bonuses promised to them “within 5 days of the bout and receipt of an invoice.”  Despite submitting invoices, they did not pay on time.   They also saw delays of the fight amid rumors of financial problems and issues with late pay of purses and winners’ bonuses.

Even with confronting WBSS of their concern and setting up an Escrow Agreement to ensure payment, WBSS missed deadlines to deposit money in escrow.  The lawsuit identified the alleged payouts for each round of the WBSS.

Prograis was paid $500K for his quarterfinal fight but did not receive his winners’ bonus.  Another Lou Dibella promoted fighter, Ivan Baranchyk did not receive his winners’ bonus either.

The Escrow arrangement between DBE/Prograis and WBSS was as follows:

The lawsuit effectively stalls any fight that the WBSS may have scheduled with Prograis.

Arguably, Prograis is one of the up and coming fighters to watch in the division.  Looking to capitalize on his success, he’s looking for a guaranteed payday – something the lawsuit contends that the WBSS cannot do for him.  According to the lawsuit the WBSS missed several deadlines of an escrow agreement in which it was to

The scheduled fight for Prograis-Taylor was supposed to occur in early October.  Yet, Comasa, the Swiss-based owner of the WBSS never set the date with DAZN, the official streaming platform for the event.

According to The Athletic’s Mike Coppinger, the WBSS is trying to avoid litigation by attempting to schedule the fight.

Payout Perspective:

The lawsuit forces the hand of WBSS as there should be pressure from DAZN in making the fight. But, the issue of missed escrow payments should concern Prograis and DAZN. For Prograis, the cost of litigation outweighs the potential of not being paid for his next fight. While litigation is something that should be avoided at all costs, this seems to have worked in making WBSS make a move on ensuring compensation for Prograis. The fact that a resolution is being talked about so quickly may give rise to the fact that WBSS is hoping to avoid losing this fight and the fighter.

Ruiz-Joshua rematch lands in Riyadh (Saudi Arabia) this December

August 9, 2019

The rematch between heavyweights Andy Ruiz and Anthony Joshua is officially set for December 7, 2019 in Saudi Arabia according to The Athletic.  The announcement that the fight would take place in the Middle East is a shocker of sorts but understandable if you realize money is involved.

The event will take place at an outdoor venue being constructed specifically for the fight in Diriyah, a region of Riyadh according to Mike Coppinger of The Athletic.

Boxing is not the only sports entertainment product that has headed to the middle east due to monetary interests.  The WWE has set up a relationship with Saudi Arabia in which it is holding events there on a quarterly basis.  In return, the publicly-traded company is receiving a huge monetary premium which investor would like.  The UFC is holding an event this September in Abu Dhabi where Khabib Nurmogomedov returns to the Octagon after almost a year away to face Dustin Poirier.  Ruiz upset Joshua in New York in June to win the WBA, IBF, WBO and IBO heavyweight titles.  The fight was to be a coming out party for Joshua and to bolster the DAZN brand in the United States.  Instead, Ruiz became the underdog story that people rallied around.

The return fight in KSA presents itself with a PR headscratcher.  For DAZN, airing the fight will be a plus for subscriptions and press.  But, if its intent was to make headway into the North American market with Joshua, the fight in Saudi Arabia doesn’t help.  There is a political issue as well.  KSA has been under scrutiny for the murder of Washington Post journalist Jamal Khashoggi.  Several WWE performers refused to go to the Saudi Arabia due to the issues.

Yet, with Saudi Arabia interested in spending money to lure event instead of the U.K. or the U.S., we see that money will win out all the time.

The event is being called, the “Clash of the Dunes.”

Payout Perspective:

The obvious concern is for the promoters to block out all negative press concerning the political issues arising with this event happening in Saudi Arabia.  It would have made more sense to have the rematch in the United States or on Joshua’s home turf in the U.K. where he’s sold out huge stadiums.  One would expect that the crowd will be subdued for this fight even with the magnitude hinging on this rematch.  If Ruiz defeats Joshua, the AJ hype train will be heading the wrong way and DAZN’s investment will appear to be a bust (for at least the short term).  But, if Joshua regains his titles, boxing can have a trilogy matchup or await a Deontay Wilder fight down the road.

Show Money 29 talks unredacted expert report, Endeavor IPO, Zuffa Boxing and more

August 7, 2019

It’s another edition of Show Money with Paul Gift and John Nash.  As the expert report hearings are looming later this month, we talk about the newly revealed information in Hal Singer’s expert report, Endeavor’s IPO the inevitable Zuffa Boxing and more.

You can listen here.

PBC on Fox Saturday night draws 1.301M viewers, peaks at 1.769M

August 7, 2019

PBC on Fox drew 1.301 million viewers on Saturday according to Nielsen via ShowBuzz Daily.  The viewership includes the overrun which saw Chris Arreola defeat Adam Kownacki in a heavyweight matchup.

The ‘fast nationals’ which drew 1.051M included PBC’s time slot from 8-10pm ET did not account for the overrun.

The telecast peaked during the main event at 1.769 million viewers and averaged 1.727 million. The Pascal-Browne matchup drew 1.220 million viewers while the opening fight of Omotoso-Stevens drew 898,000.

The average viewership of the entire broadcast on Fox was 1.301 million.  The post-fight coverage drew 1.298 million viewers.  A combined 1.393 million viewers watched the PBC event across the FOX platforms of Fox, Fox Deportes and its streaming services.

Payout Perspective:

Good ratings for this event as you can see that the audience progressively built throughout the broadcast.  The build to almost 1.8 million viewers during the main event is a good sign for the PBC brand.  It was the best ratings for PBC on Fox since March.

Wilder-Povetkin/World of Boxing legal drama continues

August 5, 2019

The Deontay Wilder-Alexander Povetkin case may not be over despite an 2nd Circuit Appellate Court ruling which affirmed the trial court’s decision that Wilder’s claims for breach of contract should be dismissed.

However, the deposit World of Boxing put in escrow for the fight remains up in the air.  A letter filed with the Court last month indicates that Wilder is not giving up the fight as it contemplates an appeal to the full panel of Appellate Court judges on the 2nd Circuit (known as “en banc”) or even filing a request for the U.S. Supreme Court to hear the appeal.

In a letter to the Escrow Agent on June 18th, they informed escrow, “…to make clear that the referenced decision [the Appellate Court opinion] is not a ‘final non-appealable order’ what would entitle a party to distribution of the funds held in escrow…” As a result, on June 19th the Escrow Agent informed World of Boxing that it would not release the funds due to Wilder’s objection.

Letter From WOB to Court Ad… by Jason Cruz on Scribd

World of Boxing now argues that this delay has triggered a ‘liquidated damages provision’ in the escrow agreement which states that any objection by a party ‘not made in good faith’ is subject to a $2.5 million disbursement to the other party.  World of Boxing and Povetkin’s lawyers argued that Wilder’s request that it may seek another review would be ‘frivolous.’

Payout Perspective:

So here we are again with Wilder, Povetkin and World of Boxing still in a heated legal battle despite a jury trial, a summary judgment motion, a motion for reconsideration of the summary judgment and an appeal to the Second Circuit Court of Appeals.  As stated by Wilder’s attorneys, the last two efforts on this issue lie with having the 2nd Circuit judges hear the appeal (only one of the judges participated previously) or a request for the U.S. Supreme Court to hear the case.  Both of these options are very remote.  In most cases, those requests only occur where there are issues of unsettled federal law.  Arguably, that is not the case here.  But, what this could spawn is another lawsuit for the breach of the Escrow Agreement and its $2.5 million damage clause.  This would be almost 1/3 of the amount that is still being held in escrow.  MMA Payout will continue to monitor.

PBC on Fox Saturday night draws 1.051M in fast nationals

August 4, 2019

Television By Numbers reports that PBC on Fox Saturday night drew 1.051 million viewers in fast nationals Saturday night.  The event featured a heavyweight matchup between Chris Arreola and Adam Kownacki.

The event drew a 0.2 in the A18-49 demo and an overall 2 share.  This effort did beat out a Million Dollar Mile on CBS.  But, overall, it drew the least amount of viewers.

2019 PBC on Fox (fast nationals)

August 1.051M

July 880,000

June (Sunday) 1.007M

May 1.21M

April 1.01M

March 1.34M

February 1.26M

January 1.72M

In comparison, it exceeded the fast nationals for the past two months.  The event took place at the Barclay’s Center in Brooklyn.

Payout Perspective:

A nice showing for PBC on Fox albeit pretty weak competition on the other networks.  One might expect the ratings to go up more since the main event went way past the 10pm EST time slot.

More boxing coming to UFC Fight Pass in revamp of digital platform?

July 31, 2019

Is a Fight Pass revamp coming?  If so, it will happen this fall.

According to Sports Business Journal’s John Ourand his sources tell him that the digital streaming service is set to relaunch by October.  Without saying, Ourand notes that there will be “addition of boxing programming” on FightPass.

UFC Fight Pass has Roy Jones, Jr.’s boxing promotion on its platform but one might assume that there is more boxing coming.  If we are to piece this together with the recent news that someone has been hired to Zuffa Boxing, it sounds as though that Fight Pass is diversifying to include more boxing.

Fight Pass commercials have hyped more combat sports in addition to MMA.  Ourand inquires as to how this will play with ESPN which has used UFC programming to bolster ratings.  Also, what does it due with DAZN’s streaming business.  Another query would be how Top Rank feels about one of ESPN’s properties becoming a competitor in the field of boxing.

The news is interesting considering that Zuffa Boxing is imminent and appears to have a home on Fight Pass.

Showtime Boxing draws 553,00 viewers for Davis-Nunez fight

July 30, 2019

Showtime Boxing on Saturday night drew 553,000 viewers for the Gervonta Davis-Ricardo Nunez feature on the network.

The event drew 188,000 viewers in the A18-49 demo and a 0.33 share per Nielsen via ShowBuzz Daily.

Davis KO’d Nunez in the second round in front of a hometown crowd in Baltimore, Maryland.  Davis retained the WBA Super Featherweight World Championship over the promotion’s mandatory challenger.

The event improved greatly over the June 29th Showtime event which drew just 379,000 viewers for the feature bout of Jermall Charlo and Brandon Adams.  May’s Deontay Wilder-Dominic Breazeale fight drew 791,000 viewers.  April’s Robert Easter, Jr. Rances Barthelemy fight garnered 312,000 viewers.

Payout Perspective:

The event on Saturday was a bounce back from June’s Showtime televised event.  The viewership tuned in to watch a Floyd Mayweather, Jr. protégé return to action before a hometown crowd.

Pac-Thurman attendance, gate, comps and payouts (Pac pays a lot for tickets)

July 25, 2019

The Nevada Athletic Commission disclosed the payouts, attendance and gate for the Manny Pacquiao-Keith Thurman fight.

The event this past Saturday sold 11,436 tickets with another 1,675 comped.  The gate drew $6,260,275.

The commission also disclosed the payouts from the event.  Manny Pacquiao received $10M (although likely more) for his fight with Keith Thurman who received $2.5M (although likely more).  Pacquiao received an approved advance of $2 million but also paid $4.22M in federal taxes.  He paid $150,000 in sanction fees.  Also under incidentals, he paid $340,952.02 in flights and $200,000 in hotels.  His share was $1,789,047.33.

The pay is as follows:

Omar Figueroa, Jr.:  $300,000

Yordenis Ugas:   $300,000

 

Sergey Lipinets:  $250,000

Jay-Ar Inson:  $10,000(late fill-in was said to be receiving more)

 

Luis Nery:  $150,000

Juan Payano:  $25,000

 

Caleb Plant:  $750,000

Michael Lee:  $250,000

 

Efe Ajagba:  $15,000

Ali Eren Demirezen:  $10,000

 

Austin Dulay:  $10,000

Justin Pauldo:  $10,000

 

Abel Ramos:  $10,000

James Williams:  $10,000

 

Genesis Libranza;  $3,000

Carlos Maldonado:  $9,000

 

John Dato:  $6,000

Juan Antonio Lopez, Jr.:  $5,000

 

Emanuel Medina:  $8,000

Peter Dobson:  $8,000

Payout Perspective:

Notable that on a card where 1,675 were comped, Pacquiao still paid $1.3M for tickets.  Of the reported $10M, he netted $1.7M.  He is receiving more than the reported amount but it is still an astronomical amount to pay.  The lowest paid fighter on the card, Libranza made just $3K in a KO win over someone who made three times as much as him, Carlos Maldonado.  The 25-year-old Filipino is 19-1.

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