Boxing promoter Bob Arum was interviewed on ESPN’s Highly Questionable, and had some interesting things to say about about the volatile relationship between boxer Floyd Mayweather Jr. and his former manager, Rap-A-Lot-Records CEO James Prince. During the interview, Arum was asked about the alleged incident that resulted in several of Mayweather’s associates being assaulted with baseball bats by men who are thought to have been associated with Prince.
Prince, who’s label helped bring Houston hip-hop to the forefront with acts such as the Geto Boys and Bun B, and has managed other top boxers like Andrew Ward, signed a young Mayweather in 2000 just before the boxer made his 5th successful defense of his WBC Featherweight Champion title.
It was only three years later that the alleged assault occurred. According to Arum, Mayweather's decision to part ways with Prince catalyzed the event.
“We were at dinner one night and I got a call that there was a disturbance in my gym,” Arum toldDan LeBatard and Bomani Jones. “Floyd apparently had asked us not to do a fight in October but to do it in December after James Prince’s contract with him had run out. The disturbance in my gym was that some people came over, with or without the knowledge of James Prince, and proceeded to break a couple of heads of people in Mayweather’s camp with baseball bats. So the gym was splattered with blood."
Arum continued, "Floyd came to my office the next day and he said, ‘Prince wants his money from the fight that’s coming up.’ I said, ‘Fine, if that’s what you want. I’ll write him a letter of credit.’ Floyd said, ‘Prince don’t do no letters of credit. You better send the cash.’ So I wrote a check, and I made a contract with Prince’s lawyer and he got paid the money that he said he was entitled to as Floyd’s manager.”
The cash that Arum is referring to is the approximately $600,000 that he paid Prince on behalf of the boxing champ.
Arum went on to praise Prince for being very “business-like,” and a “man of his word.” He also said that he did not know of any previous conflicts between Prince and Mayweather. Still, the $600,000 does raise some eyebrows, especially after the alleged beat down. “Whether [Mayweather] was afraid or whether he was doing the right thing, that’s for Floyd to determine,” Arum said cryptically. He went on to say that the money was the percentage of Mayweather’s purse that Prince would have been entitled to, if he had continued to manage the boxer.
Money Mayweather has come a long way since. Watch the retired champ recall his amazing career and personal challenges during the BET Experience Genius Talks, below: