By Norm Frauenheim-
Baseball Commissioner Rob Manfred estimates that owners have lost $3 billion. A shortened spring-training schedule cost the state of Arizona $281 million in economic impact. Baseball players took a 63-percent cut in pay. The National Hockey League chief says the NHL is skating toward a $1 billion loss.
Teofimo Lopez says he wants $10 million to fight.
Apparently, Lopez hasn’t read the headlines from other arenas, both in sports and real life. Nothing is immune from a pandemic that is bankrupting optimism and eroding bank accounts.
It’s hard to blame Lopez, the emerging face of boxing’s new generation. The 23-year-old lightweight champion grew up watching The Money Team. His generation saw Floyd Mayweather Jr. count stacks of cash and collect exotic cars. Mayweather’s purse mattered more than the punches.
But Mayweather’s economic model is gone. Vaccines won’t save it, at least not in the short term. It’s time to climb out of the bubble and take a look around. Look at the seats, vacant because of COVID. Empty seats are a little bit like empty pockets.
Look at the news. Example: Los Angeles firefighters, 3,600 strong, agreed to the delay of a pay raise because of budget cuts that could lead to job losses. Don’t expect too many firefighters to shell out $50, $60, $70 in pay-per-view. It’s a new world. A painful one, too.
Yet, the ring craft remains the same. Compelling and crude, still painful no matter how big — or small — the purse. At some level, it’ll always be there.
Lopez’ arrival is simply a matter of lousy timing. It’s not his fault. But $10-million to fight Devin Haney or George Kambosos Jr. in Australia isn’t realistic, either.
Haney promoter Eddie Hearn told Boxing Social that Lopez demanded $10-million during an encounter in San Antonio during Canelo Alvarez’ one-sided decision over Callum Smith last month. Then, Lopez repeated the demand when Boxing Scene asked him about a proposed fight with Kambosos in Sydney.
Haney-Lopez is “a wonderful fight,” Hearn said.
But not at that price.
“In this world right now, it ain’t going to happen,’’ Hearn told Boxing Social.
The key has been – and continues to be – a live crowd not limited by the social-distancing mandated in the ongoing fight against COVID. Until then, purses will also be limited.
Maybe, vaccines will change all of that later this year. Then again, maybe not. The availability of vaccines and the process of getting an injection are still a hodgepodge of bureaucracy and politics. Hurry up and wait.
The uncertainty continues to be reflected in the where and when of the proposed Tyson Fury-Anthony Joshua fight. If ever a fight belonged in the UK, Fury-Joshua is it. It would be a historical clash between UK heavyweights. It’s ridiculous to even say that it could go elsewhere. But elsewhere looks likely because there’s a lot more COVID than cash in the UK these days.
Somehow, Fury-Joshua in Saudi Arabia is akin to the London Bridge in Lake Havasu City, Ariz. But that happened. In 1967, the bridge over the River Thames was dismantled and relocated four years later above the Colorado River in western Arizona.
Ridiculous, yet real. Trouble is, what should just be silly threatens to further erode the fringe of what is already a fringe sport. Core fans are loyal, but their patience is a little bit like their money. It’s not limitless.
Lopez’ $10-million price is already being interpreted as his way of saying he just won’t fight Haney. Maybe, Lopez is just woofing. He’s entertaining, confident and likes to talk. He’s good for the game. But if the demand is real, the lightweight division is in danger of going the way of the welterweights.
Lopez’ dramatic upset of Vasiliy Lomachenko on Oct. 17 followed by Ryan Garcia’s seventh-round stoppage of Luke Campbell on Jan. 2 pushed the 135-pound division to center stage. If the welterweights can’t save the game, the lightweights can. Lopez, Haney, Gervonta Davis and Ryan Garcia have already been dubbed Four Kings. Add current 130-pound champion Shakur Stevenson and you’ve got a Fab Five.
But the danger in Lopez’s demand could turn a game-saving division into another never-never morass. At 147 pounds, there’s Terence Crawford and Errol Spence Jr. They should have fought a couple of years ago. Increasingly, it looks as if they’ll never fight, or at least they won’t in their respective primes.
That’s bad for business.
In any time.
