Donaire explains why he didn't take Mares fight

Posted at 01/30/13 7:51 PM

MANILA, Philippines – Four-division champion Nonito Donaire Jr. explained his reasons for thumbing down Golden Boy Promotions’ (GBP) supposed contract for the Abner Mares fight.

Donaire said he would have opted for the Mares fight if GBP was truly serious about setting up the unification title bout.

But the “Filipino Flash” said the $3-million fight deal actually lacked details.

"From what I'm hearing, there is really no proper venue, no proper date, no later than this, no later than that, that's not good enough,” Donaire said in Lem Satterfield’s report in RingTV.

What really irked Donaire was a provision in the contract that gives GBP the right to re-schedule the bout up to 90 days.

“A 90-day postponement? I mean, come on. I'm in this phase where if I can fight four times a year, then I'll fight four times a year,” reasoned Donaire.

Donaire, the WBO super bantamweight champion, fights under Bob Arum’ Top Rank Inc., which refuses to co-promote the Mares fight with GBP.

Arum initially offered to pay GBP an undisclosed amount for the services of Mares for an HBO fight.

GBP CEO Richard Schaefer made a $3-million counteroffer, asking Donaire to fight Mares under Showtime.

Donaire’s wife, Rachel, said a 90-day postponement could affect her husband's marketability.

"That would bring down Nonito's likeability down and his viewership down for sitting out for nine months," said Donaire.

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