GBP puts up $3-M offer to Arum for Donaire's services


Posted at Jan 24 2013 09:54 PM | Updated as of Jan 25 2013 05:54 AM

MANILA – Golden Boy Promotions (GBP) has come up with a $3 million counter-offer in response to Top Rank’s negotiations for the Nonito Donaire-Abner Mares bout.

Richard Schaefer, top executive of Golden Boy which promotes Mares, claimed that Top Rank CEO Bob Arum made them a “low-ball offer” just to get Mares.

Arum is negotiating through Mares’ manager Frank Espinoza, who is trying to work out a unification title bout between Mares and Top Rank’s Donaire.

Arum doesn’t want to co-promote the fight with Golden Boy and instead, he offered to pay the rival company an undisclosed amount for Mares’ services.

“This is one of the most anticipated fights in the sport, with two great, young champions fighting each other and we are not going to be disrespected by Bob Arum with a lowball offer," Schaefer told Boxing Scene.

Arum is trying to arrange an April fight for Donaire, the WBO/RING Magazine super bantamweight champion.

The “Filipino Flash” prefers to challenge Mares for the latter’s WBC belt rather than settle for a bout against the lesser marketable WBA titlist Guillermo Rigondeaux.

Schaefer said the Mares fight may happen if Arum accepts his offer.

The Golden Boy CEO said he is willing to put up $3 million for the services of Donaire.

“I think both fighters, Abner Mares and Nonito Donaire, deserve to make the most money in this fight. And I am willing to put up an offer, to Bob Arum, to provide the services of Nonito Donaire,” said Schaefer.

“I will pay Top Rank $3 million dollars, and I don't know what kind of deal they have with Donaire... probably a 50-50, so [Arum] can pay Donaire $1.5 million and he can make $1.5 million, but I don't care how they split up the $3 million."