In order to avoid all confusion, here are the facts relative to the dispute between Guerrero and GTP. All professional boxing promotional agreements executed in California must include the Commission-approved California Addendum. The California Addendum expressly provides that no promotional agreement may exceed 5 years, and that the terms of the California Addendum control over any conflicting provision in the parties' promotional agreement.
In November , Garcia announced that he had resigned as executive officer of the Commission. The grounds for termination were: i the maximum 5 year period for a promotional agreement had expired; ii GTP had failed to obtain a good faith offer of a bout for Guerrero for more than 4 consecutive months; iii GTP had failed to obtain the required number of fights for Guerrero as required by the GTP Agreement; iv GTP had failed to pay the Guerrero his contractually required minimum purses for his fights against Spend Abazi and Eric Aiken; and v GTP violated the Muhammad Ali Act by failing to provide financial disclosures to Guerrero in connection with his fight against Spend Abazi, and that GTP had taken money for such bout which rightfully belonged to Guerrero.
In July , a deposition of Armando Garcia was held. In the morning, Garcia testified that he had not previously read the Award and that he had not reached a final decision in the arbitration. During the afternoon of his deposition, Garcia testified: i he had reached tentative or interim decisions on the issues in the arbitration prior to leaving the Commission; ii the only difference between reaching a tentative decision and a final decision was that he had not seen the written Award; iii that he had now read the Award rendered against GTP, and that if the court concluded that he was still the Arbitrator, he would sign the Award with two minor, non-substantive changes.
California Code of Civil Procedure section On October 1, , Guerrero informed the California State Athletic Commission that: i since the maximum 5 year period for a promotional agreement had expired, there no longer exists any jurisdiction to conduct an arbitration between GTP and Guerrero; and ii pursuant to the Commission approved promotional agreement between Guerrero and Golden Boy, Golden Boy is the sole authorized promoter of Guerrero.
Guerrero asked that the Commission confirm these facts. Goossen Tutor's press release fails to inform the reader that there is no court decision or binding arbitration award that has ever recognized that Guerrero is still bound to a contract with GTP. Guerrero is prepared to take all legal action necessary to prevent GTP or any other person from interfering with his Commission-approved promotional agreement with Golden Boy.
Check your inbox or spam folder to confirm your subscription. Schaefer said he was disappointed in Guerrero's effort to break the agreement, especially after delivering him the fight he had begged for with Mayweather to go with the career-high payday that accompanied it.
You saw it with Juan Manuel Marquez. I got him the fight with Mayweather and he lost every second of every round. You saw it with Shane Mosley, who lost almost every second of every round and you saw it with Guerrero. I don't know what Floyd is doing to these guys. Skip to main content Skip to navigation. Guerrero seeks to break Golden Boy contract. Women's boxing pound-for-pound rankings: Mikaela Mayer passes test, but where does she land?
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