Argentina
Omar Narvaez’s Financial Woes Attributed to Shady Business Practices
CAN OMAR NARVAEZ AFFORD TO KEEP FIGHTING? — On a long-enough timeline, every former fighter sees his finances fall into disarray – just like any of us. But very few successful, long-time champions end their careers with barely enough money to make it through their training camp for their last bout.
This appears to be the case with Argentina’s Omar Narvaez, a former WBO world flyweight and super flyweight champion who has recently indicated that he does not believe he has enough money to afford the rest of his training expenses for his impending fight against Manny Rodriguez, a bout that was scheduled to take place in Puerto Madryn, Argentina, in late January but which was postponed for March 4th as part of the undercard of the Thurman-Garcia bout in New York.
“I cannot ensure that I will be there, even though there is a contract signed,” said Narvaez, 41, in a radio interview with FM Tiempoin in his hometown of Trelew. “If I don’t go, they’ll drop me from the rankings, which is terrible at my age. But honestly I am assuming debts with (promoter Osvaldo) Rivero to pay for my vitamins, I cannot bring quality sparring partners. I am in a tight spot, and I am disappointed.”
A former two-time Olympian in Atlanta 1996 and Sydney 2000, Narvaez (46-2-2, 24 KOs) was crowned champion in his 12th bout in the legendary Luna Park in Buenos Aires back in 2002, a mere two years after his failed Olympic bid and thus becoming the first fighter in his entire Olympic class to grab a major title. Since then, he has amassed a 28-2-1 (12 KO) record in title bouts, with most of those fights contested in his homeland.
This unusual amount of home-brewed defenses is, to some, the reason behind his current financial woes. The widespread suspicion is that Narvaez allowed Rivero to put hometown advantage above economic sense. Since those suspicions would not be independently confirmed by Narvaez (who has remained loyal to Rivero through thick and thin, even in spite of advice from other fellow boxers about the promoter’s questionable accounting practices) and since no wrongdoing has ever been denounced, the issue has remained an “open secret” among the local connoisseurs.
But the numbers are quite clear. Narvaez’s rematch against Mexico’s Felipe Orucuta back in mid-2014, for example, was the subject of a revealing purse bid that shed some light into these practices. The minimum bid for that title bout was $100,000 as per the WBO, and there were two offers. Felix Zabala’s All Star Boxing, offered a respectable $300,001, but Rivero’s O.R. Promotions outbid him with a whopping $401,500, a hefty sum for a super flyweight mandatory title bout.
The winning offer implies that Narvaez would have pocketed at least $300,000 minus all expenses, deductions and fees, which still places his earnings in the low six figures. But the suspicion is that those numbers were later renegotiated with Narvaez in order to keep him fighting within the protective confines of Argentina, as opposed to getting the full 75% of a competing winning bid ($200,000 in the case of Zabala) and end up fighting abroad, where Narvaez’s ultra-defensive and counterpunching style would have made it difficult for him to earn a victory – and with it, a title defense that would keep the profit (however meager) machine churning for both fighter and promoter.
Today, Narvaez breeds and sells dogs in his own backyard to survive, even though he is still an active fighter who has (at least nominally) made over $1 million US dollars in purses throughout his career. He is not known for any extravagant expenses or vices, and only his taste for “semi-legal” motorcycle racing could be seen as a significant drain on his resources.
His disbursements, however, do not appear to be the issue, but rather the real amounts of money that ended up in his hands after each bout. Rumor has it that Sergio Martinez warned him about problems in his personal situation when Martinez personally saw a contract for Narvaez to face Ivan Pozo in Spain for only $10,000 back in 2008, and Narvaez himself has been known to complain vocally about his low purses often enough.
But the assertions that he is currently unable to even sustain his training expenses and that he would be in debt with his promoter even after cashing in on his $75,000 purse for his fight against Rodriguez in March are even more revealing.
“I’ve been thinking about it lately, because the numbers don’t add up when it comes to staying at this level,” said Narvaez, who has been seen in social media training with Lucas Matthysse and members of both of their families, tied through the marriage of Omar’s brother Mario and Lucas’ sister Soledad. “I keep talking about this with my family and the people who support me. If I have to get up in the ring and break even after the fight, I’d rather do something else. I need to live, my kids have to be better than this and I have to think about what to do next,” said Narvaez, who said that he ended up in debt with Rivero after several of his latest fights and that he has already spent all of his training expenses for the postponed Rodriguez bout.
If he does indeed face and subsequently defeats Rodriguez in March, Narvaez would be in line for a title shot in a third division (against IBF bantamweight titlist Lee Haskins), and should he succeed he would be the first Argentine male boxer to capture titles in three weight classes. If he does fight Haskins, he will also tie Bernard Hopkins as the second fighter with the most title bouts in history (33), and they’d both be trailing only the great Julio Cesar Chavez Sr. (37).
In spite of his numerous defenses, however, Narvaez became a target for derogatory remarks by press and fans alike for years due to his unwillingness to defend his title abroad, and is better remembered by US audiences for his disappointing performance against Nonito Donaire in October of 2011. At his best, however, he was a masterful boxer with an uncanny defensive talent who defeated a handful of the best fighters of his era, some of whom would later become champions in their own right.
The scope of Narvaez’s financial troubles is truly unknown, but his story nevertheless remains a cautionary tale about the lack of basic negotiating and financial knowledge in fighters and trainers alike, and has revived open questions into Rivero’s dealings as well as renewed calls to make “basic business” a mandatory class to be studied and approved in order to earn a professional license.
As recently as last year, top-ten ranked fighters such as Diego Chaves, Jorge Sebastian Heiland and others began abandoning Rivero’s company after several claims of unclear dealings and sub-par performances in the negotiating table. Other fighters such as former champions Raul Balbi and Hector Velazco have claimed to have recently earned legal mandates to have Rivero’s books opened and scrutinized for possible irregularities in their old contracts.
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In an unprecedented development, the Boxing Writers Association of America has started a “watch list” to lift the curtain on ring officials who have “screwed up.” Veteran Texas referee Laurence Cole and Nebraska judges Mike Contreras and Jeff Sinnett have the unwelcome distinction of being the first “honorees.”
“Boxing is a sport where judges and referees are rarely held accountable for poor performances that unfairly change the course of a fighter’s career and, in some instances, endanger lives,” says the BWAA in a preamble to the new feature. Hence the watch list, which is designed to “call attention to ‘egregious’ errors in scoring by judges and unacceptable conduct by referees.”
Contreras and Sinnett, residents of Omaha, were singled out for their scorecards in the match between lightweights Thomas Mattice and Zhora Hamazaryan, an eight round contest staged at the WinnaVegas Casino in Sloan, Iowa on July 20. They both scored the fight 76-75 for Mattice, enabling the Ohio fighter to keep his undefeated record intact via a split decision.
Although Mattice vs. Hamazaryan was a supporting bout, it aired live on ShoBox. Analyst Steve Farhood, who was been with ShoBox since the inception of the series in 2001, called it one of the worst decisions he had ever seen. Lead announcer Barry Tompkins went further, calling it the worst decision he has seen in his 40 years of covering the sport.
Laurence Cole (pictured alongside his father) was singled out for his behavior as the third man in the ring for the fight between Regis Prograis and Juan Jose Velasco at the Lakefront Arena in New Orleans on July 14. The bout was televised live on ESPN.
In his rationale for calling out Cole, BWAA prexy Joseph Santoliquito leaned heavily on Thomas Hauser’s critique of Cole’s performance in The Sweet Science. “Velasco fought courageously and as well as he could,” noted Hauser. “But at the end of round seven he was a thoroughly beaten fighter.”
His chief second bullied him into coming out for another round. Forty-five seconds into round eight, after being knocked down for a third time, Velasco spit out his mouthpiece and indicated to Cole that he was finished. But Cole insisted that the match continue and then, after another knockdown that he ruled a slip, let it continue for another 35 seconds before Velasco’s corner mercifully threw in the towel.
Controversy has dogged Laurence Cole for well over a decade.
Cole was the third man in the ring for the Nov. 25, 2006 bout in Hildalgo, Texas, between Juan Manuel Marquez and Jimrex Jaca. In the fifth round, Marquez sustained a cut on his forehead from an accidental head butt. In round eight, another accidental head butt widened and deepened the gash. As Marquez was being examined by the ring doctor, Cole informed Marquez that he was ahead on the scorecards, volunteering this information while holding his hand over his HBO wireless mike. The inference was that Marquez was free to quit right then without tarnishing his record. (Marquez elected to continue and stopped Jaca in the next round.)
This was improper. For this indiscretion, Cole was prohibited from working a significant fight in Texas for the next six months.
More recently, Cole worked the 2014 fight between Vasyl Lomachenko and Orlando Salido at the San Antonio Alamodome. During the fight, Salido made a mockery of the Queensberry rules for which he received no point deductions and only one warning. Cole’s performance, said Matt McGrain, was “astonishingly bad,” an opinion echoed by many other boxing writers. And one could site numerous other incidents where Cole’s performance came under scrutiny.
Laurence Cole is the son of Richard “Dickie” Cole. The elder Cole, now 87 years old, served 21 years as head of the Texas Department of Combat Sports Regulation before stepping down on April 30, 2014. At various times during his tenure, Dickie Cole held high executive posts with the World Boxing Council and North American Boxing Federation. He was the first and only inductee into the inaugural class of the Texas Boxing Hall of Fame, an organization founded by El Paso promoter Lester Bedford in 2015.
From an administrative standpoint, boxing in Texas during the reign of Dickie Cole was frequently described in terms befitting a banana republic. Whenever there was a big fight in the Lone Star State, his son was the favorite to draw the coveted refereeing assignment.
Boxing is a sideline for Laurence Cole who runs an independent insurance agency in Dallas. By law in Texas (and in most other states), a boxing promoter must purchase insurance to cover medical costs in the event that one or more of the fighters on his show is seriously injured. Cole’s agency is purportedly in the top two nationally in writing these policies. Make of that what you will.
Complaints of ineptitude, says the WBAA, will be evaluated by a “rotating committee of select BWAA members and respected boxing experts.” In subsequent years, says the press release, the watch list will be published quarterly in the months of April, August, and December (must be the new math).
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When WBA/WBO super featherweight champion Acelino “Popo” Freitas met Jorge Rodrigo “Il Hiena” Barrios in Miami on August 8, 2003, there was more on the line than just the titles. This was a roughhousing 39-1-1 Argentinian fighting an equally tough 33-0 Brazilian. The crowd was divided between Brazilian fans and those from Argentina. To them this was a Mega-Fight; this was BIG.
When Acelino Freitas turned professional in 1995, he streaked from the gate with 29 straight KOs, one of the longest knockout win streaks in boxing history. He was fan-friendly and idolized in Brazil. Barrios turned professional in 1996 and went 14-0 before a DQ loss after which he went 25-0-1 with 1 no decision.
The Fight
The wild swinging “Hyena” literally turned into one as he attacked from the beginning and did not let up until the last second of the eleventh round. Barrios wanted to turn the fight into a street fight and was reasonably successful with that strategy. It became a case of brawler vs. boxer/puncher and when the brawler caught the more athletic Popo—who could slip and duck skillfully—and decked him with a straight left in the eighth, the title suddenly was up for grabs.
The Brazilian fans urged their hero on but to no avail as Barrios rendered a pure beat down on Popo during virtually the entirety of the 11th round—one of the most exciting in boxing history. Freitas went down early from a straight right. He was hurt, and at this point it looked like it might be over. Barrios was like a madman pounding Popo with a variety of wild shots, but with exactly one half of one second to go before the bell ending the round, Freitas caught La Hiena with a monster right hand that caused the Hyena to do the South American version of the chicken dance before he went down with his face horribly bloodied. When he got up, he had no idea where he was but his corner worked furiously to get him ready for the final round. All he had to do was hang in there and the title would change hands on points.
The anonymous architect of “In Boxing We Trust,” a web site that went dormant in 2010, wrote this description:
“Near the end of round 11, about a milli-second before the bell rang, Freitas landed a ROCK HARD right hand shot flush on Barrios’ chin. Barrios stood dazed for a moment, frozen in time, and then down he went, WOW WOW WOW!!!! Barrios got up at the count of 4, he didn’t know where he was as he looked around towards the crowd like a kid separated from his family at a theme park, but Barrios turned to the ref at the count of 8 and signaled that he was okay, SAVED BY THE BELL. It was panic time in the Barrios corner, as the blood continued to flow like lava, and he was bleeding from his ear (due to a ruptured ear drum). In the beginning of round 12, Freitas was able to score an early knockdown, and as Barrios stood up on wobbly legs and Freitas went straight at him and with a couple more shots, Barrios was clearly in bad shape and badly discombobulated and the fight was stopped. Freitas had won a TKO victory in round 12, amazing!!!!”
Later, Freitas tarnished his image with a “No Mas” against Diego Corrales, but he had gone down three times and knew there was no way out. He went on to claim the WBO world lightweight title with a split decision over Zahir Raheem, but that fight was a snoozefest and he lost the title in his first defense against Juan “Baby Bull” Diaz.
Freitas looked out of shape coming in to the Diaz fight and that proved to be the case as he was so gassed at the end of the eighth round that he quit on his stool. This was yet another shocker, but others (including Kostya Tszyu, Mike Tyson, Oscar De La Hoya and even Ali) had done so and the criticism this time seemed disproportionate.
Popo had grown old. It happens. Yet, against Barrios, he had proven without a doubt that he possessed the heart of a warrior.
The Brazilian boxing hero retired in 2007, but came back in 2012 and schooled and KOd the cocky Michael “The Brazilian Rocky” Oliveira. He won another fight in 2015 and though by now he was visibly paunchy, he still managed to go 10 rounds to beat Gabriel Martinez in 2017 with occasional flashes of his old explosive volleys. These later wins, though against lower level opposition, somewhat softened the memories of the Corrales and Diaz fights, both of which this writer attended at the Foxwoods Resort in Mashantucket, Connecticut. They would be his only defeats in 43 pro bouts.
Like Manny Pacquiao, Freitas had a difficult childhood but was determined to make a better life for himself and his family. And, like Manny, he did and he also pursued a career in politics. Whether he makes it into the Hall will depend on how much a ‘No Mas’ can count against one, but he warrants serious consideration when he becomes eligible.
As for the Hyena, on April 8, 2005, he won the WBO junior lightweight title with a fourth round stoppage of undefeated but overweight Mike Anchondo. In January 2010 he was involved in a hit and run accident in which a 20-year-old pregnant woman was killed. On April 4, 2012 Barrios was declared guilty of culpable homicide and sentenced to four years in prison. He served 27 months and never fought again, retiring with a record of 50-4-1.
Ted Sares is one of the oldest active full power lifters in the world. A member of Ring 10, and Ring 4’s Boxing Hall of Fame, he was recently cited by Hannibal Boxing as one of three “Must-Read” boxing writers.
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Adjoining states in the west host a number of boxing cards including a world title contest that features a newcomer who, before knocking out a world champion, was erroneously categorized by a Nevada official as unworthy of a title challenge.
Welcome to the world of Mexico’s Jaime Munguia (29-0, 25 KOs) the WBO super welterweight world titlist who meets England’s Liam Smith (26-1-1, 14 KOs) at the Hard Rock Hotel and Casino in Las Vegas on Saturday, July 21. HBO will televise
Back in April when middleweight titan Gennady “GGG” Golovkin was seeking an opponent to replace Saul “Canelo” Alvarez who was facing suspension for performance enhancement drug use, it was the 21-year-old from Tijuana who volunteered his services for a May 5th date in Las Vegas.
Bob Bennett, the Executive Director for Nevada State Athletic Commission, denied allowing Munguia an opportunity to fight Golovkin for the middleweight titles. Bennett claimed that the slender Mexican fighter had not proven worthy of contesting for the championship though the tall Mexican wielded an undefeated record of 28 wins with 24 coming by knockout.
To be fair, Bennett has seen many fighters in the past with undefeated records who were not up to challenges, especially against the likes of Golovkin. But on the other hand, how can an official involved in prizefighting deny any fighter the right to make a million dollar payday if both parties are willing?
That is the bigger question.
Munguia stopped by Los Angeles to meet with the media last week and spoke about Bennett and his upcoming first world title defense. He admitted to being in the middle of a whirlwind that is spinning beyond his expectations. But he likes it.
“I’ve never won any kind of award before in my life,” said Munguia at the Westside Boxing Club in the western portion of Los Angeles. “I’ve always wanted to be a world champion since I was old enough to fight.”
When asked how he felt about Nevada’s denying him an attempt to fight Golovkin, a wide grin appeared on the Mexican youngster.
“I would like to thank him,” said Munguia about Bennett’s refusal to allow him to fight Golovkin. “Everything happens for a reason.”
That reason is clear now.
Two months ago Munguia put on a frightening display of raw power in knocking down then WBO super welterweight titlist Sadam Ali numerous times in front of New York fans. It reminded me of George Foreman’s obliteration of Joe Frazier back in the 1970s. World champions are not supposed get battered like that but when someone packs that kind of power those can be the terrifying results.
Still beaming over his newfound recognition, Munguia has grand plans for his future including challenging all of the other champions in his weight category and the next weight division.
“I want to be a great champion,” said Munguia. “I want to make history.”
The first step toward history begins on Saturday when he faces former world champion Smith who was dethroned by another Mexican named Canelo.
Cruiserweight championship
It’s not getting a large amount of attention in my neighborhood but this unification clash between WBA and IBF cruiserweight titlist Murat Gassiev (26-0, 19 KOs) and WBC and WBO cruiserweight titlist Oleksandr Usyk (14-0, 11 KOs) has historic ramifications tagged all over it.
The first time I ever saw Russia’s 24-year-old Gassiev was three years ago when he made his American debut at the Quiet Cannon in Montebello. It’s a small venue near East L.A. and the fight was attended by numerous boxing celebrities such as James “Lights Out” Toney, Mauricio “El Maestro” Herrera and Gennady “GGG” Golovkin. One entire section was filled by Russian supporters and Gassiev did not disappoint in winning by stoppage that night. His opponent hung on for dear life.
Ukraine’s Usyk, 31, made his American debut in late 2016 on a Golden Boy Promotions card that staged boxing great Bernard Hopkins’ final prizefight. That night the cruiserweight southpaw Usyk bored audiences with his slap happy style until lowering the boom on South Africa’s Thabiso Mchunu in round nine at the Inglewood Forum. The sudden result stunned the audience.
Now it’s Gassiev versus Usyk and four world titles are at stake. The unification fight takes place in Moscow, Russia and will be streamed via Klowd TV at 12 p.m. PT/ 3 p.m. ET.
Seldom are cruiserweight matchups as enticing to watch as this one.
Another Look
A couple of significant fights took place last weekend, but Manny Pacquiao’s knockout win over Lucas Matthysse for the WBO welterweight world title heads the list.
Neither fighter looked good in their fight in Malaysia but when Pacquiao floored Matthysse several times during the fight, it raised some red flags.
The last time Pacquiao knocked out a welterweight was in 2009 against Miguel Cotto in Las Vegas. Since then he had not stopped an opponent. What changed?
In this age of PEDs there was no mention of testing for the Pacquiao/Matthysse fight. For the curiosity of the media and the fans, someone should come forward with proof of testing. Otherwise any future fights for the Philippine great will not be forthcoming.
Check out more boxing news on video at The Boxing Channel
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