Report: Teofimo Lopez & Top Rank Boxing At Odds Over Pay
Teofimo Lopez recently became a star in the world of boxing but he’s already having issues with his promoter.
Lopez captured the WBA (Super), WBO, The Ring, and WBC (Franchise) Lightweight Titles with a unanimous decision win over Vasiliy Lomachenko back in October 2020. Lopez was already the IBF Champion going into the fight. He’s expected to meet mandatory challenger George Kambosos next but negotiations have stalled, leading to the order of a purse bid.
Mike Coppinger of The Athletic reports that Lopez and Top Rank are not in agreement over his pay for the Kambosos fight, which is part of the reason why the bout will be entering a purse bid.
Teofimo Lopez was offered his contract minimum for the mandatory title defense vs. George Kambosos – $1.25 million, per sources – and the stalemate with Top Rank could push Lopez’s next fight off ESPN and onto another platform. Here’s what lies ahead:https://t.co/PQtdM4PVhU pic.twitter.com/AdDoQY7bNd
— Mike Coppinger (@MikeCoppinger) February 11, 2021
“Teofimo Lopez was offered his contract minimum for the mandatory title defense vs. George Kambosos – $1.25 million, per sources – and the stalemate with Top Rank could push Lopez’s next fight off ESPN and onto another platform.”
Here’s what Bob Arum had to say about what Lopez was offered for the fight with Kambosos.
“(Lopez) had a title defense minimum and we more than doubled it. And now, suddenly, that becomes peanuts … what the hell are we talking about?”
When word broke of the purse bid, Arum told Boxing Scene that he doesn’t view Lopez vs. Kambosos as a big money fight.
“All I’m saying is Teofimo-Kambosos is not one of the marquee, great fights that are gonna be shown this spring or this summer. It’s not a marquee fight. It is what it is, and let’s see how it all works out.”
Barring any last-minute negotiations, ESPN could lose out on Lopez vs. Kambosos. That’s because the purse bid would allow other promotions and streaming services such as PBC and DAZN to get rights to the championship tilt. Of course, Top Rank and ESPN will still be in play, but the possibility of losing the bid is apparent.