March 29, 2011
Bay Area boxing sensation Nonito Donaire was dealt a setback outside of the ring Tuesday.
An arbiter ruled that Donaire's recently signed promotional agreement with Oscar De la Hoya's Golden Boy group violated an agreement between that promoter and Top Rank, who previously represented Donaire, the WBCWBO bantamweight champion.
Top Rank's position is that its three-year contract runs into 2012 with a one-year option that extends it to June 2013.
The dispute centers around the fact that Donaire, who trains in San Carlos' Undisputed Gym, was injured during his contract with Top Rank -- which, according to that organization, means his contract term remains unfulfilled. That time clause is common in many fighters contracts.
In his latest bout, Donaire knocked out 118-pound champion Fernando Montiel with a lethal left hook in February. He is currently ranked No. 4 in Ring Magazine's pound-for-pound list.
In a report by Yahoo! Sports, Top Rank lawyer Daniel Petrocelli stated the following about the Golden Boy Promotions-Top Rank dispute:
"We had arbitration pursuant to an agreement that exists currently between Top Rank and Golden Boy that various disputes must be arbitrated in front of the honorable Daniel Weinstein," Petrocelli said. "He heard our petition that Golden Boy had violated an agreement between Top Rank and Golden Boy in signing Donaire to a promotional agreement, even though Donaire was still under contract with Top Rank."
"The judge agreed that Golden Boy had violated the agreement and issued an order that Golden Boy is enjoined, restrained, from purporting to promote Donaire at this time. They cannot proceed under that contract at this time."
Golden Boy CEO Richard Schaefer declined comment when contacted by Yahoo! Sports.