Spence vs Peterson purses: Oscar is exactly right
Boxing phenom and IBF welterweight champion Errol Spence Jr will face former belt holder Lamont Peterson on January 20th, nearly 8 months after the former's title-taking win over Kell Brook.
When informed about Spence's purported purse for the fight, Golden Boy Promotions president Oscar De La Hoya appeared shocked and dismayed.
"How much [is Spence earning]," Oscar recently asked via FightHype.com.
"...I don't know against who."
" If he's making 3.5 million against Peterson, good luck."
"If I was promoting Spence, you don't think about the money first...the money will come...you want to build momentum."
It's no secret De La Hoya wants to promote Spence. Who wouldn't? Errol is a freak of nature in the ring.
Is Spence being handled appropriately?
"I strongly believe a fighter needs a promoter," stated Oscar De La Hoya.
Recently, Oscar has been discussing the importance of a fighter building momentum over the long term instead living for the day.
"It's not about just fighting... It's about fighting the right fights."
"It's about ... the hall of fame... becoming a legend."
"It's about being legendary... You just don't wanna be a fighter fighting for a check."
Oscar is right. The money - and a lot more of it - will come as a fighter builds his stature.
And whatever happened to the short-lived momentum Spence generated after he defeated Kell Brook in May?
"...Who did he fight last...I even forgot about it," stated De La Hoya.
Spence should have been back in the ring 4 or 5 months later at most. Even a tune-up would have kept Spence's buzz flowing.
Errol is a great fighter and one of the best in the world yet no one outside of boxing's die-hards is familiar with him.
Spence can reach 100-0 but until he becomes a mainstream star, he'll never receive those 'Floyd Mayweather' paydays nor will he be adored by the masses a la De La Hoya, Mike Tyson, Muhammad Ali and Roberto Duran.
Perhaps he should be taking Oscar's advice? He knows something about legends and big-money fights.
As a professional, De La Hoya won ten world titles in six different weight classes, including the lineal championship in three weight classes. He also generated approximately $700 million in pay-per-view income, making him the top pay-per-view earner before being surpassed by Floyd Mayweather Jr and Manny Pacquiao.