floyd sues arum
Floyd Mayweather sues for purses
by Tim Smith
daily news sports writer
Sunday, March 16th 2008, 4:00 AM
Floyd Mayweather Jr. has sued his former promoter, Bob Arum of Top Rank, claiming Arum still owes him money from his matches against Arturo Gatti in 2005 and Zab Judah in 2006.
The lawsuit, which was filed in Clark County (Nev.) District Court on March 7, seeks an accounting from those two fights and also claims that Arum breached his contract and did not operate in good faith.
Mayweather said his contract for the Gatti fight called for him to receive 85% of Top Rank's net revenues and his contract for the Judah fight called for him to receive 80% of the net revenues. He claims that Top Rank did not provide him the complete and final accounting for either fight despite repeated demands.
Mayweather does not specify an amount that he believes he is owed, but stipulates the statutory minimum of $10,000 for each of the five claims in the lawsuit. It is clear that he believes Arum shortchanged him much more than that for those two fights, which both did around 350,000 Pay-Per-View buys. Mayweather and his reps would not comment on the lawsuit.
"Under the advice of Floyd's counsel I can't comment on the complaint," said Leonard Ellerbe, Mayweather's adviser. "The complaint speaks for itself."