Latest / Earn Your Leisure / Professional Development: Terrence Crawford Exposes the Truth Behind the Business of Boxing

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Professional Development: Terrence Crawford Exposes the Truth Behind the Business of Boxing · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Let's talk about boxing.
• 1:02
  Speaker 4: If you all right, if you had to give advice
• 1:06
  Speaker 4: with some a young fighter coming up, right, what path?
• 1:09
  Speaker 4: Because it's like I think your path. You've signed with
• 1:12
  Speaker 4: a promotional company and then you go independent. That's pretty
• 1:15
  Speaker 4: common with a lot of boxes. And then it's like
• 1:18
  Speaker 4: do you just do one off deals? We saw Canelo
• 1:21
  Speaker 4: he did a major deal with the streaming service. I
• 1:24
  Speaker 4: don't know if anybody's ever watching these fights though, but
• 1:27
  Speaker 4: he's getting paid regardless. There's different strategies like what do
• 1:30
  Speaker 4: you think like one off deals, the streaming service way,
• 1:33
  Speaker 4: the long term partnership with a promoter, Like what do
• 1:38
  Speaker 4: you think is the best way to go about it?
• 1:40
  Speaker 5: Well, it's hard for you to say that because, like
• 1:42
  Speaker 5: I said, you know what part and what part in
• 1:47
  Speaker 5: their career are we talking? Are we talking when you
• 1:50
  Speaker 5: first start or when you become champion or when you.
• 1:55
  Speaker 4: Like as a champion, Like once you're established already, it's
• 1:58
  Speaker 4: now you got leverage, right, you don't have leverage for
• 2:00
  Speaker 4: you first start, So I guess you have to go
• 2:01
  Speaker 4: with a promoter.
• 2:02
  Speaker 5: It depends on it depends on how your name is.
• 2:05
  Speaker 5: Like I said that that takes to where I was saying,
• 2:09
  Speaker 5: you can become a champion, but know, nobody really too
• 2:13
  Speaker 5: much care about who you are.
• 2:15
  Speaker 3: You know, do you got to name that's being marketed?
• 2:20
  Speaker 5: Do you got a name that's been pushed because some
• 2:23
  Speaker 5: promoters they'll keep you on this level where you need
• 2:27
  Speaker 5: them on purpose, you know what I mean. Yeah, they
• 2:29
  Speaker 5: don't want you to get to reach that. They don't
• 2:32
  Speaker 5: want you to reach too high. So you know what
• 2:34
  Speaker 5: I mean, They ain't gonna do certain things to push
• 2:38
  Speaker 5: you to be this superstar, because once you become a superstar.
• 2:41
  Speaker 3: You outgrow the belts, you outgrow in the promotional company.
• 2:45
  Speaker 5: Your name speaks for yourself, kind of like Floyd Mayweather.
• 2:49
  Speaker 5: You know many pak y'all Oscar Deela Oya. You know
• 2:53
  Speaker 5: they can do anything in boxing. When they was boxing
• 2:57
  Speaker 5: and they didn't have to have a title, you have
• 3:00
  Speaker 5: to be named champion, those sanctioned bodies wanted to be
• 3:05
  Speaker 5: a part of them, like Canelo right now, Canelo don't
• 3:08
  Speaker 5: have to be a champion. He's made a name for
• 3:11
  Speaker 5: himself and he's earned the right to do what he's
• 3:16
  Speaker 5: doing right now, and that's going to get a bag
• 3:19
  Speaker 5: from here, going here, going here, doing business with him,
• 3:22
  Speaker 5: them them, because he's he's got a name, and everybody
• 3:26
  Speaker 5: know that if Canelo make a fight, then the people
• 3:32
  Speaker 5: in Mexico is going to support them. The people in
• 3:35
  Speaker 5: the United States is going to support them, and it's
• 3:37
  Speaker 5: going to be a big.
• 3:38
  Speaker 6: Event when when you're I mean now as you're doing
• 3:40
  Speaker 6: this independently and for people who are not familiar with
• 3:44
  Speaker 6: how boxers make money, because that's why I rest up.
• 3:46
  Speaker 6: They're interesting that there was hedge funds that were willing
• 3:49
  Speaker 6: to put up the purse for you and the spense fight,
• 3:52
  Speaker 6: which is like, okay, it's a lot of money.
• 3:55
  Speaker 7: So like, how do our boxes getting money?
• 3:57
  Speaker 6: It's the purse, it's maybe centers of the gate concessions.
• 4:03
  Speaker 7: How what are the streams of income?
• 4:04
  Speaker 3: It depends on. It depends, It depends on you know
• 4:07
  Speaker 3: what I mean.
• 4:08
  Speaker 5: The fighter. See in my case, you know, I get it.
• 4:12
  Speaker 5: I get a percentage of everything that come in. Everything,
• 4:16
  Speaker 5: every penny that come in, I get percentage of it.
• 4:19
  Speaker 5: You know, if you sign a guarantee, then that's all
• 4:22
  Speaker 5: you you get. You know one thing about the heads
• 4:26
  Speaker 5: fine that you know, I'm glad, I'm kind of glad
• 4:31
  Speaker 5: that we didn't, you know, sign that.
• 4:36
  Speaker 3: Given that.
• 4:39
  Speaker 5: We don't get paid until they make their money back,
• 4:43
  Speaker 5: you know what I mean. So once they make their
• 4:45
  Speaker 5: money back, then they get a percentage of you know
• 4:49
  Speaker 5: what I mean, everything that comes in. So it kind
• 4:54
  Speaker 5: of take away from the fighters other towards, you know
• 4:58
  Speaker 5: what I mean. Us on ourselves, we're just like, all right,
• 5:03
  Speaker 5: whatever come in is gonna be us.
• 5:06
  Speaker 6: But like at this level that the marquee guys, like
• 5:09
  Speaker 6: the person is the guarantee money that they get win
• 5:12
  Speaker 6: or lose.
• 5:13
  Speaker 4: And then if you can, you could get more than
• 5:15
  Speaker 4: that if the pay per view numbers come back.
• 5:16
  Speaker 5: Right, But you know what I mean, some people don't.
• 5:20
  Speaker 5: Some people get like probably like eight percent nine percent
• 5:23
  Speaker 5: of a pay.
• 5:24
  Speaker 3: Per view fight.
• 5:25
  Speaker 5: They probably get like I was getting what six eight
• 5:28
  Speaker 5: percent of the gate, you know what I mean. So
• 5:34
  Speaker 5: like I said, your promoter, he's getting all that.
• 5:37
  Speaker 6: So what I'm saying, you're getting six percent, then there's
• 5:39
  Speaker 6: somebody that's in the ninety four percent.
• 5:41
  Speaker 5: Yeah, I was getting six percent of the gate. I
• 5:43
  Speaker 5: was getting eight eight to six percent of the pay
• 5:49
  Speaker 5: per view shares after meet and meet, like a certain
• 5:55
  Speaker 5: number that it nevers. It's so crazy. So that's what
• 6:01
  Speaker 5: I mean by when I say boxing is kind of shady.
• 6:06
  Speaker 5: What I ain't conos it is.
• 6:07
  Speaker 4: So essentially all right, a kid sixteen years old shows
• 6:12
  Speaker 4: shows very promising career ahead of himself. I'm a promoter. Right,
• 6:16
  Speaker 4: I come in. I give the kid five hundred thousand dollars.
• 6:19
  Speaker 4: I signed him to an eight year contract. Never huh
• 6:23
  Speaker 4: never longer no never. You can't sign nobody for a
• 6:28
  Speaker 4: long five five, all right, so that standard. I sign
• 6:34
  Speaker 4: him for a five year contract as soon as he
• 6:35
  Speaker 4: turns pro and I pay for his training. I pay
• 6:39
  Speaker 4: for a lot of the promotion, but I'm receiving the
• 6:42
  Speaker 4: majority of the money I got it. It's an investment
• 6:45
  Speaker 4: for me because he might not even work out. But
• 6:47
  Speaker 4: if he does work out, I'm gonna recoup all of
• 6:50
  Speaker 4: that money on the back end.
• 6:52
  Speaker 3: Times tand.
• 6:55
  Speaker 4: So you really but it's really looking at it like
• 6:57
  Speaker 4: if I got ten fighters, nine of them probably not
• 7:00
  Speaker 4: gonna work out.
• 7:01
  Speaker 3: So the one fighter that does work out, you're gonna get.
• 7:03
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• 8:55
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 8:59
  Speaker 1: in Massage, USETS. An MS thirteen gang member from Al
• 9:02
  Speaker 1: Salvador accused of murdering a Texas man of Venezuelan charged
• 9:07
  Speaker 1: with filming and selling child pornography in Michigan. These are
• 9:11
  Speaker 1: just some of the heinous migrant criminals caught because of
• 9:15
  Speaker 1: President Donald J. Trump's leadership. I'm Christy nom the United
• 9:18
  Speaker 1: States Secretary of Homeland Security. Under President Trump, attempted illegal
• 9:23
  Speaker 1: border crossings are at the lowest levels ever recorded, and
• 9:27
  Speaker 1: over one hundred thousand illegal aliens have been arrested. If
• 9:30
  Speaker 1: you are here illegally, your next you will be fine
• 9:34
  Speaker 1: nearly one thousand dollars a day, imprisoned and deported, you
• 9:38
  Speaker 1: will never return. But if you register using our CBP
• 9:42
  Speaker 1: home app and leave now, you could be allowed to
• 9:45
  Speaker 1: return legally. Do what's right. Leave now. Under President Trump
• 9:50
  Speaker 1: America's laws, border and families will.
• 9:53
  Speaker 2: Be protected sponsored by the United States Department of Homeland Security.
• 9:56
  Speaker 5: The thing is like this. You know you're not going
• 10:00
  Speaker 5: You know you've been around boxing long enough so you
• 10:02
  Speaker 5: can tell you know what I mean, Uh, what fighters
• 10:07
  Speaker 5: bring to the table and what fighters that you thought
• 10:11
  Speaker 5: was gonna be something that they not because it's how
• 10:14
  Speaker 5: you move them. You know, you you you got all
• 10:18
  Speaker 5: this money invested in them. You're not about to get
• 10:20
  Speaker 5: him beat You're not about to put him in there
• 10:21
  Speaker 5: with some crazy opponent. So you you constantly grow room
• 10:26
  Speaker 5: in them step by step, and if you don't see
• 10:29
  Speaker 5: what you you know what I mean you want to
• 10:31
  Speaker 5: see in them, then you're gonna throw them to the
• 10:33
  Speaker 5: wools and you're gonna have your other fighter knock them
• 10:37
  Speaker 5: off and you still make money. You're gonna make as
• 10:40
  Speaker 5: much money as you can with him. You know why,
• 10:43
  Speaker 5: you got him to recoup the money that you invested
• 10:45
  Speaker 5: in him. And then you're gonna get him knocked off.
• 10:48
  Speaker 5: And then after that, after you can't use them, you're
• 10:51
  Speaker 5: gonna you're gonna cut them just like that. You're gonna say, oh, termination,
• 10:55
  Speaker 5: we don't want you no more. And I find that
• 10:58
  Speaker 5: kind of messed up as well. You know, that a
• 11:01
  Speaker 5: promotional company can say they can terminate your contract like this,
• 11:07
  Speaker 5: you know, but you can't terminate the promotional contract like
• 11:10
  Speaker 5: all right, I don't want you.
• 11:11
  Speaker 3: To promote me no more. Yeah, So it's always a
• 11:14
  Speaker 3: one way stress.
• 11:14
  Speaker 7: It's a large percentage.
• 11:15
  Speaker 6: So like even like the networks, like when Showtime does
• 11:17
  Speaker 6: a fight, the HBO does a fight, they're inside of that.
• 11:19
  Speaker 7: Ninety four percent as well. Right, if you're making six percent.
• 11:22
  Speaker 5: Of you got to understand like when these networks, when
• 11:25
  Speaker 5: these networks go to a promotional company, they give a
• 11:29
  Speaker 5: promotional company a budget and they say, okay, well here
• 11:34
  Speaker 5: this is for you know, this fight these two guys
• 11:39
  Speaker 5: to fight, you know, and you don't know about that.
• 11:43
  Speaker 5: It could be ten million dollars, it could be five
• 11:45
  Speaker 5: million dollars. You know, they give you a million, they
• 11:49
  Speaker 5: give you a million and a half, and they just
• 11:52
  Speaker 5: parcket the reds because it ain't like you can say, oh,
• 11:55
  Speaker 5: well what they put put it on the table or
• 11:58
  Speaker 5: sometimes you don't know.
• 12:00
  Speaker 6: In terms of sponsorships, we've seen some fighters have deals
• 12:03
  Speaker 6: with athletic companies. I wonder how you approached that, right,
• 12:06
  Speaker 6: Like I've seen I remember when Roy Jones at the
• 12:09
  Speaker 6: Jordan brand that I was like, oh, this is crazy.
• 12:11
  Speaker 6: You got to Jordan sneaker and then you know, Floyd
• 12:13
  Speaker 6: did a quick thing with Reebok. What's that like for
• 12:15
  Speaker 6: you in terms of athletic brands and sponsorships when it
• 12:19
  Speaker 6: comes to to your portfolio.
• 12:21
  Speaker 5: It's it's very tough nowadays because a lot of those
• 12:26
  Speaker 5: big marquee brands is going to other sports like football,
• 12:31
  Speaker 5: basketball and the other other sports. So when you look at, uh,
• 12:38
  Speaker 5: the Jordan brand, andre Ward was the last.
• 12:41
  Speaker 3: One to have a Jordan brand, right right.
• 12:42
  Speaker 5: You know, when you look at the under armor, Canelo
• 12:47
  Speaker 5: was the last one I had an under armored brand, Reebok,
• 12:51
  Speaker 5: Floyd was the last one.
• 12:53
  Speaker 7: Nik. I think Nike did something with Pack.
• 12:55
  Speaker 3: Naki did somewhere pack y'all, and that was it. Yeah,
• 12:58
  Speaker 3: that was it.
• 12:59
  Speaker 2: You know.
• 12:59
  Speaker 5: So you will see a lot of people wearing Nike.
• 13:03
  Speaker 5: You'll see a lot of people wearing Adidas, and Adidas
• 13:06
  Speaker 5: give a little money.
• 13:07
  Speaker 3: Everlize give a little money, but not to the to
• 13:10
  Speaker 3: the level of you know what I mean, what they
• 13:13
  Speaker 3: was doing back then.
• 13:14
  Speaker 4: So there's been reports that some fighters, like we just
• 13:17
  Speaker 4: programmed program weren't paid in full after that bounce that ever?
• 13:24
  Speaker 4: Has that ever happened to you?
• 13:25
  Speaker 3: No?
• 13:25
  Speaker 5: I believe he got his money, but I don't. I
• 13:28
  Speaker 5: don't know nothing about that. I heard about it, but
• 13:32
  Speaker 5: I don't know. You've never seen that though?
• 13:33
  Speaker 4: Yeah, okay, like a fighter actually fought and then still
• 13:36
  Speaker 4: then't It's like that's like going to a club and performance,
• 13:39
  Speaker 4: especially if you got to guarantee you supposed to get
• 13:41
  Speaker 4: paid right after.
• 13:42
  Speaker 6: My life feel comfortable with if I owed you money,
• 13:47
  Speaker 6: you gotta pay a boxer.
• 13:48
  Speaker 7: Yeah, I'm like, this is not it's not gonna end.
• 13:50
  Speaker 3: Well yeah, definitely, definitely.
• 13:55
  Speaker 4: Well me, can we talk about black Prime?
• 13:57
  Speaker 3: Yeah, let's go.
• 13:58
  Speaker 4: So did you sign for ten million dollars for.
• 14:02
  Speaker 7: The allegedly allegedly?
• 14:07
  Speaker 4: So what happened? What happened with what happened with that situation?
• 14:09
  Speaker 4: Because that's not even is it still around or yeah,
• 14:12
  Speaker 4: it's still around. They still doing fights and all that. Okay,
• 14:15
  Speaker 4: they reached out to me. They wanted to do business,
• 14:19
  Speaker 4: and they was looking for the opportunity to step in
• 14:24
  Speaker 4: on a on a bigger platform because they was on low,
• 14:28
  Speaker 4: low platform.
• 14:29
  Speaker 5: And they shot me a number and I was just like, huh,
• 14:33
  Speaker 5: all right, you know and uh. At that time, I
• 14:37
  Speaker 5: was in negotiations with Arrow last year and the negotiations
• 14:43
  Speaker 5: was going south. You know, we wasn't we wasn't really
• 14:47
  Speaker 5: getting anything accomplished. Was just going back and forth. But
• 14:53
  Speaker 5: I wasn't talking with ear. I was just talking with
• 14:55
  Speaker 5: his handlers and stuff like that. And I was just like, look,
• 15:00
  Speaker 5: this is what needs to be put on the table
• 15:04
  Speaker 5: for me to fight. And they basically was like, look,
• 15:09
  Speaker 5: take it or leave it. You ain't got nowhere else
• 15:10
  Speaker 5: to go. So at that point in time, I was
• 15:13
  Speaker 5: just like, okay, all right, see y'all in a minute,
• 15:19
  Speaker 5: you know what I mean.
• 15:19
  Speaker 3: And I reached back out.
• 15:21
  Speaker 5: To be okay, prime and it was like, man, we
• 15:25
  Speaker 5: with it.
• 15:26
  Speaker 3: You know who you want to fight? I'm like, I
• 15:29
  Speaker 3: don't fight anybody.
• 15:30
  Speaker 5: So at the time, we picked the highest rating person
• 15:33
  Speaker 5: available and that was David Avenezian. He was ranked number
• 15:38
  Speaker 5: six in the division, you know. And we got the
• 15:43
  Speaker 5: fight done and I got paid, and you know, I
• 15:48
  Speaker 5: went back to the drawing board and went back to
• 15:51
  Speaker 5: the table and said, hey, look, you know, is we
• 15:55
  Speaker 5: going to get this fight lined up or is we
• 15:57
  Speaker 5: gonna still keep waiting?
• 16:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 16:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 16:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 16:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 16:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 16:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 16:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 16:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 16:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 16:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 16:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 16:43
  Speaker 1: never return. But if you register using our CBP home
• 16:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 16:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 16:55
  Speaker 1: border and families will be protected.
• 16:57
  Speaker 2: Sponsored by the United States Department of Homeland Security,