Promoter Arum drops the axe on pricey Walters fight
Nicholas 'The Axeman' Walters is learning the hard way, that although he can knock out opponents on a regular basis, it is much more difficult to win a negotiating battle with 84-year-old Bob Arum, the head of Top Rank, one of the most successful boxing promoting companies in the world.
For the past year, a fight between Walters, who until recently held the World Boxing Association (WBA) featherweight super title, and Vasyl Lomachenko, the World Boxing Organisation (WBO) featherweight champion, has been one of the talking points in boxing circles.
The plot one heard from time to time was for Walters and Lomachenko to meet different boxers on the same fight card, and presuming that both fighters won, they would move into a mega clash.
Things took an unlikely turn when Walters lost his title on the scales at the Madison Square Garden weigh-in on June 12, 2015 for a fight scheduled for the next day, against Miguel Marriaga.
Promoter Arum decided to fast-forward the proposed Walters versus Lomachenko fight, and negotiations started.
Walters did his own negotiations, and Arum stated publicly that the purse that the Jamaican demanded was US$1-million, a price Arum was not willing to pay.
STAR Sports understands that Arum offered Walters US$550,000 which he refused.
They have been unable to come to any agreement, and last word was that Arum has moved on, and is negotiating with WBO Super featherweight champion Roman Martinez to fight Lomachenko instead, on June 11.
STAR Sports was unable to reach Walters for comment, as his telephone went to voicemail and he has not responded to requests for a return call.
His father, Job, told STAR Sports that he knows of the negotiations, and believes that Walters is worth more than was being offered by Arum.