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Essential Elements of a Contract Between a Boxer and Manager

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Most, if not all, pro boxers are faced with the prospect of seeking out a manager to arrange fights, make provisions for training, and secure staff to work the corner and deal with the State Boxing Commission. Once a manager has been secured, the next step is to formalize the relationship in a signed contract subject to the filing and licensing rules of the State Boxing Commission.

The standard contract between a boxer and his/her manager consists of a variety of elements. The first and perhaps most important element is the period of time of the contract. Two-to-three-year contracts are not uncommon in the industry. Some states may limit the contract term to three years.

During this time period, the manager agrees to pay the boxer an amount which may approximate 60-65% of the proceeds of a fight. The difference includes manager training fees, licensing, insurance, the cutman, hotel/motel and travel expenses to and from the fight venue. The boxer is required to faithfully execute the contract except in the event of extraordinary and uncontrollable circumstances.

During the pendency of the fight contract, the boxer agrees to utilize his/her talent as directed by the manager. This requirement is in place to prevent the boxer from utilizing the talent for backyard fights or local contests where the public bets on the outcome between fighters. In addition, the boxer agrees to attend training exercises and special intensive camp sessions.

Boxers under contract usually develop a style and reputation which makes them a unique drawing card. Therefore, the contract generally does not seek to control the boxer’s style or manner of competing. Usually, boxers are considered to be independent contractors.

In return for the boxer’s personal services, the manager agrees to provide best efforts to secure events and competitions consistent with the boxer’s level of achievement. In practice, this means that an entry level pro boxer should not be scheduled for a 12-round fight in a pro debut. Both the boxer and the manager agree not to sell or assign any portion of the contract.

Once a contract is signed and filed with the State Boxing Commission, the parties are bound. In anticipation of the signing, each party should seek the services of an experienced boxing attorney to read the contract and explain the rights, duties, obligations, and recourse for each party.

The circumstances for canceling the contract should be set forth clearly due to a number of factors, including impossibility of performance or delays in performance. In addition, the boxing contract may state the manner of settling disputes either within a specific court venue, by forced arbitration, the use of the State Boxing Commission or some other method mutually agreed to by the parties.

Lastly, boxers who are United States citizens over the age of 18 should have completed their registration with the Selective Service System.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.