Haymon's contract practices exposed: Analysis, Keith Thurman!

[ykdadamaja]

Haymon is the devil. Fighters under him have signed their life away. Interesting video and worth to watch the entire 30 minute plus.

Key points:
1. Haymon has veto power over any opponent you pick or your promoter picks for you. Go beyond that, and you will be sued. You cant even enter into negotiations with anyone for a fight unless he gives his consent, or else you are liable to be sued.

2. Haymon's advisory goes well into your personal life: what you buy, homes, cars, etc... lifestyle. Breach of contract, and you will be sued or dropped.

3. If a fighter makes a certain amount on their net for one fight, the contract with Haymon is automatically extended for two more years. And on and on and on.

Haymon has these boys. Lock, stock and barrel.

[powerpuncher]

sounds like the new age don king. can get you some high profile fights but will take your money and basically make you a slave.

[ykdadamaja]

sounds like the new age don king. can get you some high profile fights but will take your money and basically make you a slave.

To be forewarned is to be forearmed. Prospects or up and coming fighters shouldn't consider Haymon as any option.

[Memphis]

Where's the bit about having a say on what you spend your dough on?

[ykdadamaja]

Where's the bit about having a say on what you spend your dough on?

It was touched on in the earlier part of the broadcast. Within the first ten minutes.

[Memphis]

I heard him mention it, but no mention of it in the contract as far as I can make out.

[beenKOed]

Sounds like a paternalistic relationship with Haymon being the tenacious, overly intrusive parent.
The thing you should be thinking about is why would any fighter (and those around him) let that happen?
I haven't seen these contracts, nor listened to the negotiations but let's try to put Haymon in the best light possible for a minute. Maybe Haymon has convinced these fighters (and those around the fighter) that if they follow his rules he well guide them to that wonderful place beyond boxing. That place where their money is working for them everyday and their families future's are secure. Oh yeah, dude, heaven on earth…retirement with security and dignity. It's possible. Lol
Haymon could be what a lot of us seem to want him to be, that dark shadow gliding past, just under the surface, of the sea of boxing. That merciless, conscienceless predator (Don Kingish?) who will rend people's lives for the almighty dollar. It's possible. Lol
I think Haymon is somewhere in between. He is always going to make money, he probably will take advantage if you are stupid enough to let him, but I think he will deliver with sound advice, good paydays and he seems to let fighters set their own pace (is that good or bad?), and I don't know if he's good or bad for boxing.
One thing I'm sure of is that every contract is not the same! He might have a standard contract, but almost every clause will be negotiable and anyone who would sign a contract without an independent review by a boxing contract lawyer is an idiot.