Golovkin-Jacobs likely to go to purse bid
By Hector Franco
October 6, 2016
It could be bad news for boxing fans as it was reported today that negotiations for a Gennady Golovkin-Danny Jacobs fight have been stalled. The fight could be between the WBA ‘Super’ and ‘Regular’ champion. The plan is to have the fight in New York either at the Barclays Center in Brooklyn or Madison Square Garden. Golovkin’s promoter Tom Loeffler of K2 Promotions reached out to the WBA today informing them that an agreement would likely not be met by the deadline of October 12th. The two parties were granted a 30-day negotiating period starting on September 11th.
One of the issues in the negotiating process may have been the WBA purse split between ‘Super’ and ‘Regular’ champions. Currently, under WBA rules the split is 75% towards the ‘Super’ champion and 25% toward the ‘Regular’ champion. Team Jacobs may not have been satisfied with this kind of purse split. According to boxingscene.com, Jacobs’ lawyer Leon Margules is asking the WBA to possibly change this purse split percentage before a purse bid takes place. If the fight does go to a purse bid its possible that it delays when the fight will take place. Whether there is a purse bid or not hopefully the fight still takes place in December.
Outside of a fight with Canelo Alvarez, this is the biggest fight for both fighters. Golovkin (36-0, 33 KOs) has seen his star power grow over the last few years. In Golovkin’s last three fights he has sold out arenas in three different markets. He had the sellout of Madison Square Garden against David Lemieux last October. That fight, however, was also on HBO PPV where it did a reported 150,000 or 97,000 buys depending on who you ask.
Golovkin’s IBF mandatory title defense this past April against Dominic Wade was a sellout at The Forum in Inglewood, California. This was impressive due to Wade being a virtual unknown. His last fight in September against Kell Brook took place at the 02 Arena in London, England. This was also a sellout with more than 20,000 fans.
Danny Jacobs (32-1, 29 KOs) on the other hand has had a slow 2016. In December 2015, Danny Jacobs faced Peter Quillin at the Barclays Center in Brooklyn, New York. The fight sold well enough with over 8,000 fans at the arena. Jacobs stopped Quillin in just 90 seconds. Unfortunately, Jacobs didn’t take advantage of this momentum and waited until September to step back in the ring. Jacobs faced Sergio Mora in a rematch at the Santander Arena in Reading, Pennsylvania. Jacobs stopped Mora once again scoring a seventh round stoppage. It served as the walk-out fight for the night. Many fans left the arena after the sensational Robert Easter-Richard Commey fight for the vacant IBF lightweight title.
Jacobs deserves a fair split and payment for facing Golovkin. But in comparison to the Kazakhstani fighter, he is certainly not the draw. Fans will wait in anticipation for what happens next in negotiations. The hope is that both sides come to some kind of agreement before someone is forced to forfeit a title. One side may have to compromise more than the other. The fight actually taking place is what’s most important. A decision on a whether a purse bid will take place will be decided as early as Friday.
(Featured Photo: Action Images via Reuters)