http://image3.examiner.com/images/blog/EXID5699/images/awyrmw.jpg
Under the heading of “nice work if you can get it,” we now file the position of cutman for Manny Pacquiao.
Miguel Diaz, who was fired by Miguel Cotto after the Boricua Banger after he lost to Antonio Margarito, landed on his feet in Pacman’s corner as the stop the bleeding if any expert.
I’ve learned that the kind and generous Pacquiao paid Argentina native Diaz a cool $50,000 for his services during his 12th round TKO over Cotto Nov. 14 at the MGM Grand Hotel & Casino.
It should be a cushy Christmas in the Casa de Diaz in Las Vegas.
Any way you view it, it’s a princely sum for a job which can only take 11 minutes of actual work time (cuts can only be treated between rounds). And Pacman was not cut in his demolition job on Cotto.
As you probably know, head trainer Freddie Roach went home that night with a check for $1.1 million.
Based on Pacman’s purse of $7 million—and not including the PPV TV revenues to come—that is a nice percentage, even above the traditional 10 percent trainers get paid.
I’d like to report to you what chief Cotto trainer Jose Santiago got paid but there were no fight night deductions taken from the boxer’s purse.
In Nevada, a boxer has to authorize separate checks to be carved out of his contract purse. If the fighter doesn’t do this, trainers and cutmen then have to be paid directly by the fighter.
(mlcmarley@aol.com)
Source
they don't count the whole purse just the guarantee?
Man when we're talking about fighters that actually get a percentage of the ppv cut, I don't think they'd let that be included to their payout. When that type of money is being made, everything probably is turned into a base salary anyway.
Lol. Yeah, but you would count it at the 7 mil base fee, not the total with the extra ppv percentage. It'd still be 140k+, which is ridiculous for 11 minutes of circumstantial work.
they don't count the whole purse just the guarantee?
2-3% of $22 million is $440,000-$660,000.
he's not paying no cutman that kind of money. :lol1:
Lol. Yeah, but you would count it at the 7 mil base fee, not the total with the extra ppv percentage. It'd still be 140k+, which is ridiculous for 11 minutes of circumstantial work.
You do know that paying these guys all this money and/or all these expenses such as the rented mansion cotto paid for doen't really hurt them when you think about it.
Earning as much as these fighters do, they are more than likely gonna get raped as far as Taxes are concerned. By paying all these guys this money and also paying for all these expenses actually is a good thing because they can use that as a Tax right off. I'd rather see people around me (that contribute to my success) get paid than having to fork it over to the government. Anybody who knows about the tax system, knows exactly what Im talking about.
He's actually getting paid less than what he should get. Boxers probably have a set limit as soon as they reach a certain point, but cutmen usually get 2-3%.
Extremely hard to get to that level of a cutmen though. You see the same 2 cutmen (Diaz and Santiago) working pretty much every corner.
2-3% of $22 million is $440,000-$660,000.
he's not paying no cutman that kind of money. :lol1:
He's actually getting paid less than what he should get. Boxers probably have a set limit as soon as they reach a certain point, but cutmen usually get 2-3%.
Extremely hard to get to that level of a cutmen though. You see the same 2 cutmen (Diaz and Santiago) working pretty much every corner.