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Canelo was guaranteed $5 mil and with the PPV upside he got $12 mil. The $12 million was based off the fight doing 2.6 mil PPV's The fight ended up doing 2.2 million PPV's
Richard Schaefer of Golden Boy Promotions speculated that this fight could earn 2.6 million PPV buys
Canelo had fought at a split site on Floyd's undercard. He sold out the Staples center while Floyd fought in Vegas. Then he fought Mosley on Floyd's undercard for Cotto which did 1.5 mil PPV buys. Then he did 14,000 at the MGM Grand against Josesito Lopez. Then he sold out Alamodome fighting Trout where he put 40,000 people in the seats.
Cotto was guaranteed $8 mil with a possiblity of over $10 mil from the PPV upside
There's no need to feel sorry for Puerto Rican boxer Miguel Cotto after his loss to Mayweather Saturday night, especially considering that the 31-year-old will walk away with a guaranteed $8 million, which could potentially increase to $10 million once pay-per-view sales are factored in
Coming into the fight Cotto had did 1.2 mill PPV against Pacquiao and 600k PPV against Margarito II. Cotto had put 22,000 people in the stands at Yankee Stadium against Yuri Foreman. Sold out MGM against Margarito I. He'd done so well that MGM and MSG had a bidding war to bring him back for the Margarito rematch. His MSG gate for the Margarito rematch doubled Golovkin's fight against Lemieux although Lemieux v. Golovkin had slightly more people. And his PPV vs Margarito did 600k compared to Golovkins 150k.
Golovkin wants at least $10 mil and 40% of the PPV. Do you guys see how unreasonable this is now?
Richard Schaefer of Golden Boy Promotions speculated that this fight could earn 2.6 million PPV buys
Contracts are filed w/ NSAC. Canelo making $5M on fight night, but it's misleading. Guaranteed WAY more from PPV. I'm told $12M. #TheOne
— Dan Rafael (@danrafaelespn) September 11, 2013
Canelo had fought at a split site on Floyd's undercard. He sold out the Staples center while Floyd fought in Vegas. Then he fought Mosley on Floyd's undercard for Cotto which did 1.5 mil PPV buys. Then he did 14,000 at the MGM Grand against Josesito Lopez. Then he sold out Alamodome fighting Trout where he put 40,000 people in the seats.
Cotto was guaranteed $8 mil with a possiblity of over $10 mil from the PPV upside
There's no need to feel sorry for Puerto Rican boxer Miguel Cotto after his loss to Mayweather Saturday night, especially considering that the 31-year-old will walk away with a guaranteed $8 million, which could potentially increase to $10 million once pay-per-view sales are factored in
Coming into the fight Cotto had did 1.2 mill PPV against Pacquiao and 600k PPV against Margarito II. Cotto had put 22,000 people in the stands at Yankee Stadium against Yuri Foreman. Sold out MGM against Margarito I. He'd done so well that MGM and MSG had a bidding war to bring him back for the Margarito rematch. His MSG gate for the Margarito rematch doubled Golovkin's fight against Lemieux although Lemieux v. Golovkin had slightly more people. And his PPV vs Margarito did 600k compared to Golovkins 150k.
Golovkin wants at least $10 mil and 40% of the PPV. Do you guys see how unreasonable this is now?
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