Co-promoters Gary Shaw and Ken Thompson have filed a lawsuit in Florida against Tim Bradley and his co-manager Cameron Dunkin as a result of Bradley's decision to pull out of fight against Amir Khan, which was scheduled for Saturday night, according to a source familiar with the litigation.
In the suit, filed on July 1 in Florida's 17th Judiciary Circuit Court of Broward County and cited by Bradley during a July 12 interview with BoxingScene.com, the undefeated boxer is being sued for breach of contract and Dunkin for tortious interference.
Khan has replaced Bradley with Zab Judah for Saturday's clash at the at Mandalay Bay in Las Vegas.
"Tim Bradley owes us another fight, and he owes HBO another fight, and we have first-last in matching,” Shaw said. “Tim has refused to talk to myself or Ken Thompson or [Thompson Promotions partner] Alex Camponovo. I feel that he's gotten really bad advice to have passed up the Amir Khan fight.
“Tim was getting a minimum of $1.4 million versus 80 to our 20 for the gross, 50 percent of all of Khan's money from Europe. So it was a very healthy package."
Shaw and Thompson contend that they are entitled to promote one more of Bradley's bouts and are seeking an injunction that would prevent him from fighting for another promoter. They're also seeking monetary damages for lost income as a result of Bradley’s actions.
"The contract is not over until Tim Bradley fights his second fight," said the source. "Bradley owes them one more fight, as well as an exclusive negotiation period, and then they have the right to match an offer beyond that."
Bradley and Dunkin were served on July 9 and July 11, respectively, and have 20 days from those dates to respond, according to the source.
Dunkin could not be reached for comment, and Bradley spoke only briefly about the case.
"Our lawyers are looking at the paperwork and we're getting ready and we're getting prepared. That's pretty much all that we can do," said Bradley, who believes Dunkin has secured Los Angeles-based legal representation. "I'm not sure of the court date, but in the meantime, I'm waiting on the next step and to hear from Cameron on what we're going to be doing next."
Bradley's original contract was to expire on May 30, according to the source. But Bradley later agreed to a two-fight contract extension through June 30 that was worth a guaranteed $2.4 million and would have landed him two dates on HBO.
"The first fight was supposed to be against Devon Alexander," said the source, "and the second fight was supposed to be against an agreed-upon opponent."
Bradley defeated Alexander by a 10th-round technical decision on Jan. 29. He then agreed to fight Khan, according to the source.
"Certainly Khan was among the names that were acceptable to HBO, and the second fight was supposed to happen by June 30," said the source, adding that Bradley and Dunkin initially agreed to a July 23 clash with Khan, "but as we got closer to going to contract, they changed their mind."
Bradley was originally guaranteed $1.3 million to fight Khan with 80 percent of his side’s net revenue going to Bradley and 20 percent to Thompson Boxing and Gary Shaw Productions, according to the source.
"When HBO came and said that we want you to fight Khan and we want you to fight on July 23, Tim Bradley and Cameron Dunkin said 'yes,' and they agreed to the fight," said the source.
"But when Bradley pulled out, they upped the offer. Because originally Bradley wasn't going to participate in any money earned through the international broadcast rights to the Middle East, Africa and the United Kingdom."
To entice Bradley to stay in the fight, the source said that Khan's promoter, Golden Boy Promotions, increased its offer to a guaranteed $1.4 million and about 80 percent of his side’s profits.
"Khan agreed to split the revenues from those foreign territories 50-50 with Bradley, at which point Shaw and Thompson increased their offer to a guarantee of $1.4 million against 80 percent of the net revenues," the source said. "So Bradley was getting 50 percent of the net monies from HBO, international sales, including the United Kingdom and the rest of the world, sponsorship, gate revenues, everything. He was an equal partner."
Shaw said that Bradley not only blew a million-dollar payday but also a chance to join the likes of Manny Pacquiao and Floyd Mayweather Jr. as one of the most-important fighters in the world.
"I don't know how you pass up the opportunity to fight Amir Khan for all of that money, and if you win, which we thought that Tim would win, he then becomes the third most important fighter in boxing in my mind behind Floyd Mayweather and Manny Pacquiao," said Shaw. “Tim said in a very nice article [on BoxingScene.com] the other day that he liked me very much and that he liked Alan and Ken, but that we had taken him as far as he could go, and he then said that the other promoters had the bigger fighters.
“But when you're the king, they come to you. You don't have to go to anybody. Pacquiao doesn't run after anybody. Mayweather doesn't run after anybody. They're all running to fight them. You want to be where everybody's running the fight you, and Tim Bradley could have been one of those big fish in a small pond."