Gennady Golovkin captured the middleweight division by storm and made fans the world over with his aggressive style and knockouts. At 37 years old many consider Gennady Golovkin still undefeated. Most see the first Canelo fight as an easy win for GGG and the second fight a Draw with Canelo starting strong and GGG finishing strong.
After Gennady Golovkin helped HBO make it’s last stand, he has signed a huge historic contract with the new game in town – DAZN. At his age, being a Non-American / English or Mexican to sign that contract is nothing short of remarkable and ground breaking – A story left for another day.
Two days ago, most of the boxing industry were shocked to hear that Golovkin has moved on from long time trainer Abel Sanchez.
What exactly the new proposal for his trainer was, I don’t know and frankly – who cares.
Point is, Golovkin broke ground. Just like he did in the United States, being a regular on HBO and coining the phrases, “Mexican Style” and, “Big Drama Show”.
Gennady Golovkin questioned. He questioned the way boxing is run and how he thought it wasn’t fair to him at this point in his career.
He made Sanchez plenty of money and he didn’t think he should pay Sanchez a percentage of his new negotiated contract with DAZN.
For example, if his purse is $10 million, and Sanchez is happy with 3 percent which equals 300K, now if GGG negotiated a $30 million purse – why should he pay his trainer 3 times more when the trainer is doing the same work?
The Answer: because that is how boxing has been run for 100 years.
Unfortunately, the athletes, the boxers, the ones doing the fighting, the ones we pay to watch are the ones that are always being taken advantage of by everybody in the business – whether it be the networks; the promoters; the trainers or the facilities they get. Don’t forget some of them ( boxers) don’t have Masters degrees and just follow the norm and just say OK to everything that’s put in front of them because they think that’s the only way it can be done.
So is Gennady Golovkin committing a crime for not going with the norm? For stepping up like other superstars and wanting to control his own destiny?
If no one ever questioned a contract, buying tanks for our military would cost three times more. If no one ever questioned a contract, paving a highway would be so expensive no one could afford it.
Percentage’s for established athletes really never made sense to me.
Let’s talk cable and PPV broadcasting. Cable companies have a 50% pay-per-view deal with the boxing promoters/network which makes no sense, but if you don’t question it, it will upset the apple cart.
Now if Top Rank charges $40 for a PPV and it’s purchased by 100,000 homes, that’s $4 million of which cable gets $2 million (half). Now if Top Rank made the same PPV $100 and sold the same amount, cable would get $5 million.
So why would Cable earn almost 3 times more for providing the exact same service?
Because the boxing industry is living in the past, this was the system of paying boxers expenses a hundred years ago and it still hasn’t been upgraded. Changing the system of payment would only benefit the boxer, which means lower Compensation for everybody in his circle.
GGG questioning the Norm makes things uncomfortable for many, but they is nothing wrong with it.
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