M-1: Fedor Not Offered $30 Million

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ncordless
7/30/09 10:28:18PM
M-1 Global is denying a report that Fedor Emelianenko turned down a six-fight $30-million deal this week to join the UFC’s heavyweight ranks.

CBS Radio host Carmichael Dave reported Wednesday that Emelianenko had turned down an agreement that would have paid him $5 million per fight. However, Joost Raimond, CEO for M-1 Global, called the report “completely ludicrous” and said negotiations never even reached the point where the number of fights contracted for Emelianenko was decided.

“I can say that the guaranteed -- and the word ‘guaranteed’ is of great importance here -- the guaranteed offer made by the UFC is less than what Fedor made before,” Raimond said. “The five-million (per fight) is way, way, way out of range. Half of that is even way out of range of what they offered.”

Raimond was not present at the meeting that took place between UFC and M-1 management in Los Angeles earlier this week, but he said he was debriefed shortly afterward. M-1 and UFC officials, including president Dana White, reconvened the next day via teleconference call, where M-1 presented a counteroffer that included co-promotion. No written contact was ever presented.

M-1 President Vadim Finkelstein and Emelianenko were en route to Russia Thursday and could not be reached for comment. UFC officials told Sherdog.com that White is also traveling and their earliest comment would come Friday during a media conference call.

Raimond confirmed that M-1 Global had been presented with the possibility to receive a cut of pay-per-view profits in addition to Emelianenko’s guaranteed pay, but he said no other profit-sharing incentives were presented.

“And there were a number of provisions attached to that offer that made it very much less interesting,” Raimond said.

Many of those provisions involved the branding of M-1 within the UFC organization, according to Raimond.

“We made it clear that Fedor, now and forever is part, even part owner, of M-1 and those two cannot be separated,” Raimond said. “If the rest of M-1 is excluded from any kind of deal, it makes the deal difficult.”
link

This is from Loretta Hunt... so you take it however you want to.
fonduktoe
7/30/09 10:53:36PM
i'll wait to hear what dana white has to say tomorrow, but i wouldn't doubt if they're just running he said she said style damage control to ease the negative backlash this whole fiasco has created.

grappler0000
7/30/09 11:05:42PM
I understand that it may not have been written, but how can you make a counter offer if you claim an offer wasn't made. Meltzer has never led me down the wrong path yet, so I will believe his report until proven otherwise. I suspect that the EA debacle was indeed a slip up and we'll be seeing Fedor signing with Strikeforce soon.

Edit: as far as discrediting the offer because of guaranteed money vs non-guaranteed goes...I'm not sure anyone is fooled. There won't be a significant drop in UFC viewership in the foreseeable future, so to say it's not guaranteed is assuming we're naive.
Gogoplatapus
7/30/09 11:58:23PM
It's pretty sad when I'm more excited for tomorrows press conference than I was for Affliction 3. This media chess match is brutal.
Aether
7/31/09 1:01:51AM
eh... I'm sick of this. I'm not going to bother discussing or following any more of this nonsense until I see a headline that says Fedor has been officially signed somewhere. Until then I don't care anymore.
snakeplissken
7/31/09 4:57:30AM

Posted by Aether

eh... I'm sick of this. I'm not going to bother discussing or following any more of this nonsense until I see a headline that says Fedor has been officially signed somewhere. Until then I don't care anymore.



And until he (Eventually) lands in the UFC I still won't care.. No matter where he goes and who he fights.
shevtheman
7/31/09 7:25:18AM
Im pretty positive Fedor was not offered $5m a fight, that's just insane. Meltzer has made no secret of his friendship and by the sounds he's pretty much relayed what hes been fed by Dana. I think both sides are to blame, M1 obviously want a load of there fighters to be given a chance in UFC like Affliction gave them but i think thats too much for one fighters contract.
tomp6581
7/31/09 7:37:18AM
The fact is, whilst Fedor is under an M-1 contract, the only way he will fight in the UFC is under a co-promotion.

I will say this again. The UFC has to purchase Fedor from M-1, THEN, discuss a UFC contract. Much like a soccer transfer.

If the UFC wants to sign a contracted fighter AND retain their exclusivity, M-1 must be conpensated.

And a cut of the PPV isnt the right way to go.....can you imagine Manchester United buying a player without paying a fee to the pevious club but promising them a cut of the profits IF they make money from him!

Fedor says himself on sherdog when asked about the co-promotion/UFC obsticle link

"I have three fights on my M-1 contract, a contract I am happy with. After that then we will see"

Am I the only one who thinks this?!
Aaronno9
7/31/09 7:55:39AM
As far as im concerned, I have no reason to beleive what anybody involved with M-1 says over any other respected person, whether it be Dana or anybody else related to the sport.

Fedor is burning bridges not signing with the UFC. Even his own brother knows this. He'll never make more money than the UFC would pay him now Affliction is down the drain.
SmileR
7/31/09 8:11:14AM
Regardless of who offers what the best decision for Fedor financially and competition wise is with the UFC.
If Fedor was to cut ties with M1 he'd make more money, fight better competition, cement his legacy and increase his fan base.

I honestly can't see anything good coming from staying with M1.
Wolfenstein
7/31/09 8:21:21AM

Posted by tomp6581

The fact is, whilst Fedor is under an M-1 contract, the only way he will fight in the UFC is under a co-promotion.

I will say this again. The UFC has to purchase Fedor from M-1, THEN, discuss a UFC contract. Much like a soccer transfer.

If the UFC wants to sign a contracted fighter AND retain their exclusivity, M-1 must be conpensated.

And a cut of the PPV isnt the right way to go.....can you imagine Manchester United buying a player without paying a fee to the pevious club but promising them a cut of the profits IF they make money from him!

Fedor says himself on sherdog when asked about the co-promotion/UFC obsticle link

"I have three fights on my M-1 contract, a contract I am happy with. After that then we will see"

Am I the only one who thinks this?!



How many M-1 shows has Fedor been in? Zilch, and he signed that back in 07'. I think it's just another clear example of the conflict of interest that occurs when you own a stake in a fight organization, on top of managing one of the fighters signed to the said organization.

The last two years they've basically just used that contract to strongarm orgs into co-promoting or getting double dipped, because he's out on "loan" from some organization that he's never fought for, and probably never will.
tomp6581
7/31/09 9:40:24AM

Posted by Wolfenstein


Posted by tomp6581

The fact is, whilst Fedor is under an M-1 contract, the only way he will fight in the UFC is under a co-promotion.

I will say this again. The UFC has to purchase Fedor from M-1, THEN, discuss a UFC contract. Much like a soccer transfer.

If the UFC wants to sign a contracted fighter AND retain their exclusivity, M-1 must be conpensated.

And a cut of the PPV isnt the right way to go.....can you imagine Manchester United buying a player without paying a fee to the pevious club but promising them a cut of the profits IF they make money from him!

Fedor says himself on sherdog when asked about the co-promotion/UFC obsticle link

"I have three fights on my M-1 contract, a contract I am happy with. After that then we will see"

Am I the only one who thinks this?!



How many M-1 shows has Fedor been in? Zilch, and he signed that back in 07'. I think it's just another clear example of the conflict of interest that occurs when you own a stake in a fight organization, on top of managing one of the fighters signed to the said organization.

The last two years they've basically just used that contract to strongarm orgs into co-promoting or getting double dipped, because he's out on "loan" from some organization that he's never fought for, and probably never will.




He has never fought exclusively for M-1. I know this. But that isn't the point.

The point is, from a legal point of view...he is contracted to M-1 for the next 3 fights of his career. If the UFC want to sign him NOW, they must compensate M-1. It is that simple. Remember when Randy tried to retire from his contract?

Even if Fedor wasnt bothered about the co-promotion. Lets pretend he WANTS to leave m-1 and sign for UFC for the rest of his career...he COULDNT due to his contractual obligations.

Until the UFC make an offer to M-1 to give up the contract they have with Fedor to allow them to sign him, the co-promotion issue will not go away.
emfleek
7/31/09 10:03:29AM

Posted by tomp6581

He has never fought exclusively for M-1. I know this. But that isn't the point.

The point is, from a legal point of view...he is contracted to M-1 for the next 3 fights of his career. If the UFC want to sign him NOW, they must compensate M-1. It is that simple. Remember when Randy tried to retire from his contract?

Even if Fedor wasnt bothered about the co-promotion. Lets pretend he WANTS to leave m-1 and sign for UFC for the rest of his career...he COULDNT due to his contractual obligations.

Until the UFC make an offer to M-1 to give up the contract they have with Fedor to allow them to sign him, the co-promotion issue will not go away.



I would be willing to bet my life on the fact that M-1 would NEVER sell their cash cow. NEVER. It's the only thing that makes them semi-relevant.
playmma
7/31/09 10:38:01AM

Posted by tomp6581

The fact is, whilst Fedor is under an M-1 contract, the only way he will fight in the UFC is under a co-promotion.

I will say this again. The UFC has to purchase Fedor from M-1, THEN, discuss a UFC contract. Much like a soccer transfer.

If the UFC wants to sign a contracted fighter AND retain their exclusivity, M-1 must be conpensated.

And a cut of the PPV isnt the right way to go.....can you imagine Manchester United buying a player without paying a fee to the pevious club but promising them a cut of the profits IF they make money from him!

Fedor says himself on sherdog when asked about the co-promotion/UFC obsticle link

"I have three fights on my M-1 contract, a contract I am happy with. After that then we will see"

Am I the only one who thinks this?!



Nope, but the UFC may think that since Fedor is part owner of M-1 that they can find a workaround
grappler0000
7/31/09 10:46:32AM

Posted by emfleek


Posted by tomp6581

He has never fought exclusively for M-1. I know this. But that isn't the point.

The point is, from a legal point of view...he is contracted to M-1 for the next 3 fights of his career. If the UFC want to sign him NOW, they must compensate M-1. It is that simple. Remember when Randy tried to retire from his contract?

Even if Fedor wasnt bothered about the co-promotion. Lets pretend he WANTS to leave m-1 and sign for UFC for the rest of his career...he COULDNT due to his contractual obligations.

Until the UFC make an offer to M-1 to give up the contract they have with Fedor to allow them to sign him, the co-promotion issue will not go away.



I would be willing to bet my life on the fact that M-1 would NEVER sell their cash cow. NEVER. It's the only thing that makes them semi-relevant.



I agree...they'll pass up the few million now in order to build M-1 into a profiting company. Not sure it will pan out, but that seems to be what they are looking for.
tomp6581
7/31/09 11:15:16AM

Posted by emfleek


Posted by tomp6581

He has never fought exclusively for M-1. I know this. But that isn't the point.

The point is, from a legal point of view...he is contracted to M-1 for the next 3 fights of his career. If the UFC want to sign him NOW, they must compensate M-1. It is that simple. Remember when Randy tried to retire from his contract?

Even if Fedor wasnt bothered about the co-promotion. Lets pretend he WANTS to leave m-1 and sign for UFC for the rest of his career...he COULDNT due to his contractual obligations.

Until the UFC make an offer to M-1 to give up the contract they have with Fedor to allow them to sign him, the co-promotion issue will not go away.



I would be willing to bet my life on the fact that M-1 would NEVER sell their cash cow. NEVER. It's the only thing that makes them semi-relevant.




HOW is Fedor their Cash cow?! His last two fights where co-promotions with Affliction/M-1 Global. Fedor fought top level competition and both events LOST money.

Fedor IS NOT a cash cow to M-1. He is one of the best fighter in the world who the casual fan knows nothing about.
The UFC could potentially make alot of money from a fighter with Fedor's ability, something that (to date) Affliction, bodog, M-1 even PRIDE couldn't do.

M-1 want to co-promote because he is under contract with them...and to this date they can't have made a $ from Fedors fights considering the PPV numbers.

So how can M-1 make money from Fedor?

A) Co-promotion with UFC (not going to happen)
B) Suddenly become popular with the casual us fans (not going to happen)
B) UFC purchase Fedor from them (the only solution to the problem imo)

As for Fedor owning part of M-1. So what? Doesn't Big Nog own his own small Brazilian mma company?


hippysmacker
7/31/09 11:18:21AM

Posted by shevtheman

Im pretty positive Fedor was not offered $5m a fight, that's just insane. Meltzer has made no secret of his friendship and by the sounds he's pretty much relayed what hes been fed by Dana. I think both sides are to blame, M1 obviously want a load of there fighters to be given a chance in UFC like Affliction gave them but i think thats too much for one fighters contract.



You really have no idea who Dave Meltzer is apparently. This guys word is gold anywhere. In the 10 years I have got the wrestling observer news letter he has never been wrong. He has also hammered Dana and the UFC before, when it was called for. Sports Illustrated Frank Deford , one of the most accomplished award winning journalist in sports history said this about Dave Meltzer "Meltzer, I believe, is the most accomplished reporter in sports journalism" If Meltzer reports it, he has documentation to back it up, and I 100% believe it.
emfleek
7/31/09 11:18:29AM

Posted by tomp6581


HOW is Fedor their Cash cow?! His last two fights where co-promotions with Affliction/M-1 Global. Fedor fought top level competition and both events LOST money.

Fedor IS NOT a cash cow to M-1. He is one of the best fighter in the world who the casual fan knows nothing about.
The UFC could potentially make alot of money from a fighter with Fedor's ability, something that (to date) Affliction, bodog, M-1 even PRIDE couldn't do.

M-1 want to co-promote because he is under contract with them...and to this date they can't have made a $ from Fedors fights considering the PPV numbers.

So how can M-1 make money from Fedor?

A) Co-promotion with UFC (not going to happen)
B) Suddenly become popular with the casual us fans (not going to happen)
B) UFC purchase Fedor from them (the only solution to the problem imo)

As for Fedor owning part of M-1. So what? Doesn't Big Nog own his own small Brazilian mma company?





Maybe I should rephrase...

POTENTIAL cash cow.
tomp6581
7/31/09 11:53:30AM

Posted by emfleek


Posted by tomp6581


HOW is Fedor their Cash cow?! His last two fights where co-promotions with Affliction/M-1 Global. Fedor fought top level competition and both events LOST money.

Fedor IS NOT a cash cow to M-1. He is one of the best fighter in the world who the casual fan knows nothing about.
The UFC could potentially make alot of money from a fighter with Fedor's ability, something that (to date) Affliction, bodog, M-1 even PRIDE couldn't do.

M-1 want to co-promote because he is under contract with them...and to this date they can't have made a $ from Fedors fights considering the PPV numbers.

So how can M-1 make money from Fedor?

A) Co-promotion with UFC (not going to happen)
B) Suddenly become popular with the casual us fans (not going to happen)
B) UFC purchase Fedor from them (the only solution to the problem imo)

As for Fedor owning part of M-1. So what? Doesn't Big Nog own his own small Brazilian mma company?





Maybe I should rephrase...

POTENTIAL cash cow.



HA HA Fair enough
Rush
7/31/09 12:01:01PM
Prior to today, I have never heard of Fedor owning part of M1. Can someone confirm whether this is a new development or is it part of their original deal? If it's old, then so be it. If it's new, it strikes me as a possibility that M1 made him part owner (M1 is a private company BTW) only to complicate matters if Fedor wishes to fight for another org.

That is, would it even be legal for Fedor to fight for a (for argument sake) UFC-M1 co promotion if he is part owner of M1? Wouldn't that be a conflict of interest? If that is the case, then either it was also a conflict of interest when Fedor was fighting for Affliction-M1, or Fedor was just recently made a partner.
tomp6581
7/31/09 12:04:20PM

Posted by hippysmacker


Posted by shevtheman

Im pretty positive Fedor was not offered $5m a fight, that's just insane. Meltzer has made no secret of his friendship and by the sounds he's pretty much relayed what hes been fed by Dana. I think both sides are to blame, M1 obviously want a load of there fighters to be given a chance in UFC like Affliction gave them but i think thats too much for one fighters contract.



You really have no idea who Dave Meltzer is apparently. This guys word is gold anywhere. In the 10 years I have got the wrestling observer news letter he has never been wrong. He has also hammered Dana and the UFC before, when it was called for. Sports Illustrated Frank Deford , one of the most accomplished award winning journalist in sports history said this about Dave Meltzer "Meltzer, I believe, is the most accomplished reporter in sports journalism" If Meltzer reports it, he has documentation to back it up, and I 100% believe it.




Was is guaranted $5m or a potential $5m?
Also, did it have a champions clause?
Did UFC reserve the right to drop Fedor if he lost?

I have no doubt the article was credible, but there is still plenty we don't know about the offer.

Also, it is amazing how much interest 1 fighter's negotiations can have?! And they haven't even been in talks for a whole week yet!



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