Arum: Andy Ruiz “Hit The Lottery” After $700K Buyout

Bob Arum presided as Andy Ruiz’s promoter throughout the height of the heayweight’s career.

Then, earlier this year, Ruiz bought out his contract for $700,000, and parted ways with Top Rank. After Ruiz orchestrated his own free agency, he signed with PBC. 

After successfully making his PBC debut on April 20 against Alexander Dimitrenko as the co-feature to the Danny Garcia versus Adrian Granados fight on FOX, Ruiz’s life changed forever ten days thereafter when he was offered a chance to fill in for Jarrell Miller and face Anthony Joshua.

On June 1, Ruiz shocked the world and pulled off the stunner of the century, a win Arum never saw coming, yet still, couldn’t be happier for.

“Let’s be honest. Andy Ruiz beating Anthony Joshua and becoming the heavyweight champion was something that nobody could have foreseen. It was like winning the lottery,” Arum told in an interview. “Instead of getting killed, he beat Joshua.”

Ruiz and Arum split because the WBO, WBA, IBF and IBO Mexican heavyweight champion was asking for more money than the coffers allowed, especially after Ruiz’s uneven, 10-round performance in his last bout as a Top Rank fighter against journeyman Kevin Johnson.

“We let Andy go because of the financial demands he was making,” continued Arum. “We thought they were too high for us. We have never had anything but the utmost respect for Andy. He’s a terrific kid. He’s great. We enjoyed working with him. But these things happen.

“We didn’t renew with him and we went elsewhere and hit the lottery. Great for him. He deserves whatever he gets because he’s a nice person. When we parted with Andy, we made the right move. It happens.”

Now, Ruiz will face Joshua in Saudi Arabia on Saturday in one of the most anticipated rematches in recent memory.

“If we had a crystal ball and would have known that Andy Ruiz would even be offered a fight with Joshua, of course we would have never let him go. It wasn’t even on the board or being considered. But you can’t be pressured all the time. These things happen. I’m really, truly delighted for Andy. He was not a kid who gave us any problems. He never broke any contracts. He was always a stand-up young man. Good things happen to good people.”

Manouk Akopyan is a sports journalist and member of the Boxing Writers Assn. of America since 2011. He has written for the likes of the Guardian, USA Today, Philadelphia Inquirer, Men’s Health and and currently does TV commentary for combat sports programming that airs on Fox Sports and hosts his own radio show in Los Angeles. He can be reached on Twitter, Instagram, LinkedIn and YouTube at @ManoukAkopyan or via email at [email protected].