Mayweather: Why and how he makes the most money.

Interesting article from the NY Times, if you haven't read it before check it out below... http://www.nytimes.com/2011/09/17/sports/floyd-mayweather-jr-welterweight-with-heavyweight-financial-clout.html?pagewanted=all Unbeaten Boxer Pioneers Ways to Make Money Hand Over Fist By GREG BISHOP LAS VEGAS — On Saturday night, Floyd Mayweather Jr. will make tens of millions of dollars for an hour’s worth of work, if that. He will be paid for what happens inside the ring and outside it, paid far more than any other boxer fighting today, for far more than just his performance in a welterweight title fight against Victor Ortiz. On fight nights, if it were not for the din of the crowd and the sounds of fists striking chins, Mayweather could hear the ringing of cash registers. He earns a percentage of every ticket purchased, every pretzel consumed, every poster sold. He will earn from countries that paid for broadcasting rights and the theaters where the fight is shown. Mayweather, regarded as one of the best boxers in history, fights under a highly unusual financial structure, exchanging upfront risk for back-end profit while retaining total control. He is even responsible for paying his opponent, in this case a business expense of at least $2 million. “It’s never been done,” Mayweather, who is 41-0, said about his financial model. “Not in entertainment history. Not in sports history. You see that arena Saturday? It’s all Mayweather money. Want a hot dog? Mayweather money. Want a T-shirt? Mayweather money. I need all that.” He can pull this off because of the leverage he forged with his success in the ring. Few, if any, other boxers command such widespread attention and generate so much revenue with a single fight. In his previous four fights, Mayweather earned $115 million. For Saturday night’s event, he is expected to make about $40 million, and the checks will come for years, determined by the results of many things beyond the fight itself, like the gate and the pay-per-view television numbers. This makes Mayweather a regular among athletes on Forbes magazine’s list of most powerful celebrities, even though the bulk of his annual income is usually generated in one night.

Comments (20)

http://www.bay-of-fundie.com/img/2007/dog-ass-jesus2.jpg well alrighty then..

14y ago

Russian_Crushin

Really? Where in my post was I trolling? I simply stated Mayweather has taken full advantage of his situation and makes the most profit from it. He uses it to his advantage. Simple as that. Pacquiao isn't capable of doing something like that. http://www.bay-of-fundie.com/img/2007/dog-ass-jesus2.jpg

14y ago

thuggery

He's a troll, dont respond to him Really? Where in my post was I trolling? I simply stated Mayweather has taken full advantage of his situation and makes the most profit from it. He uses it to his advantage. Simple as that. Pacquiao isn't capable of doing something like that.

14y ago

Russian_Crushin

Are you that stupid. It seems you are. This crap has been available on the internet at any time. It's the most fulsome trash I've ever read about a boxer, and it suits mayweather's persona perfectly. It looks as if he paid for it. The writer is greasing up to him like a rutting animal. Don't you realise that M ayweather, like any other boxer who wants to put on a good night's boxing, has to pay a competent promoter to do it for him because he can't do it himself with his shell, paper "Mayweather Promotions". You well know that Golden Balls does his promoting, and they are not cheap. And the PPV and Cable take about 50%. This may be in the article anyway, I didn't bother to read the trash. I don't want to brech up my kishkes all over the keyboard. And as for his fantasy that he is the first and only fighter to have "control" that he loves to obsession, he's wrong. In the early years of the 20th Century, before promoters became plentiful and moneyed, it was not uncommon for champion boxers to occasionally finance their own shows. Jack Johnson did it, and not only that, he would also arrange and finance the filming, which he would have ready to be shown all over the country, and even overseas. Get it into your head. Your deity Mayweather has been slowly going mad for for years. He is so obsessed with himself that he may eventually get to the point where he thinks he'll live for ever. In plain terms, he's going nuts, completely obsessed with himself, as a superior being entitled to allowed special standards far above common mortals. No one has any right to feel equal to him. He's a troll, dont respond to him

14y ago

Russian_Crushin

If Mayweather puts all the money for a fight the. I don't understand why he uses golden boy, from what I understand golden boy is the one who puts the money down and the one who guarantee floyds purse, golden boy is the one with the real promoting license not like Mayweather promotions who is a phantom company and somebody explains this to me how does Mayweather put all the money down when he is always broke he man can't even buy a car cash and he don't even pay his taxes on time, he spends more money than he makes, it's not how much you make is how much you save and I will bet anybody that Manny has more money save than Floyd and Manny's money is making more money in Bussiness and investments. No Golden Boy doesnt put money down, Floyd does that himself. And FLoyd uses GBP because like you said he doesnt have a License and mostly because he has no idea how to promote a fight. He needs GBP to get those 1.3 mil PPVs.

14y ago

thuggery

Are you that stupid. It seems you are. There should be a question mark somewhere in your post. Can you guess where? Your blind hatred for Mayweather is astonishing. Is not about how much money you make is about how much money you save for retiremen and i wil bet anyone that manny has morey money saved up than floyd does, if you don't believe me just ask tyson and holyfield they made as much or even more than floyd, mayweather spends more money than he makes he will end up broke and working as manny's chofer. You people just get off at the thought of him being broke, rofl. It's rather pathetic really.

14y ago

Sangre_Azteca

Is not about how much money you make is about how much money you save for retiremen and i wil bet anyone that manny has morey money saved up than floyd does, if you don't believe me just ask tyson and holyfield they made as much or even more than floyd, mayweather spends more money than he makes he will end up broke and working as manny's chofer.

14y ago

edgarg

he knows how to work the system to its full potential and to his advantage he isn't getting robbed by some filthy devil promoter. Are you that stupid. It seems you are. This crap has been available on the internet at any time. It's the most fulsome trash I've ever read about a boxer, and it suits mayweather's persona perfectly. It looks as if he paid for it. The writer is greasing up to him like a rutting animal. Don't you realise that M ayweather, like any other boxer who wants to put on a good night's boxing, has to pay a competent promoter to do it for him because he can't do it himself with his shell, paper "Mayweather Promotions". You well know that Golden Balls does his promoting, and they are not cheap. And the PPV and Cable take about 50%. This may be in the article anyway, I didn't bother to read the trash. I don't want to brech up my kishkes all over the keyboard. And as for his fantasy that he is the first and only fighter to have "control" that he loves to obsession, he's wrong. In the early years of the 20th Century, before promoters became plentiful and moneyed, it was not uncommon for champion boxers to occasionally finance their own shows. Jack Johnson did it, and not only that, he would also arrange and finance the filming, which he would have ready to be shown all over the country, and even overseas. Get it into your head. Your deity Mayweather has been slowly going mad for for years. He is so obsessed with himself that he may eventually get to the point where he thinks he'll live for ever. In plain terms, he's going nuts, completely obsessed with himself, as a superior being entitled to allowed special standards far above common mortals. No one has any right to feel equal to him.

14y ago

Sangre_Azteca

14y ago

Furn

I know its his last four fights, I said he took that $115 million home minus taxes, where as pacquiao is told 30 mil for a fight then pays out his percentages, this is why Roach said he is broke and VQ stated his real worth was $26 mil due to him getting screwed and mishandling money Seeing as Arum is giving him the $30 mil and the fight made $100mil or there abouts i would think that Arum at least has taken his cut already. It makes no sense that arum would give PAC money only for PAC to have to give him some back. Forbes has Floyd worth $90 million and Pac $70 million, hardly a huge difference considering Floyd has been a big name for a lot longer.

14y ago

Calabis

$115mil from his last 4 fights read the article again. It says he expects to make $40mil from the Ortiz fight. Where a you getting $115mil from one fight? And how can anyone be stupid enough to think that self promoting makes that much difference? I know its his last four fights, I said he took that $115 million home minus taxes, where as pacquiao is told 30 mil for a fight then pays out his percentages, this is why Roach said he is broke and VQ stated his real worth was $26 mil due to him getting screwed and mishandling money

14y ago

check_hook

IIRC Roger is capped out at 200k a fight. Don't imagine Ellerbe is making THAT much money comparatively in the long run either. The only people I could see making somewhat a lot of money are Haymon and GBP. Not sure how it works with Haymon, but GBP is paid a flat rate for the work they put in co-promoting and doing all of the work with the undercard and stuff. Haymon gets btw 3-5%

14y ago

Russian_Crushin

not about mannys earning but he is like arum...dont want another promoter taking money from them................................ Who? Floyd? Yes he wants the same thing as Arum, and to control everything Yet you criticize Arum?

14y ago

WESS

and Bob Arum would never let Pac make that much money. Who's the smarter businessman? Floyd or Pac, who said he would take the lesser share but changed his mind to fight Bradley for a lot less?

14y ago

LarryX

Again why does FLoyd care about Pac's personal money? No matter if Pac is with Arum or without, his side will receive the same amount. So theres no reason why that should matter to Floyd Whats so hard to understand not about mannys earning but he is like arum...dont want another promoter taking money from them................................

14y ago

Russian_Crushin

Earnings from major figths according to Forbes and Celebrity net worth. Floyd’s Career Earnings: Carlos Baldomir November 4, 2006 – $8 million Oscar De La Hoya May 5, 2007 – $25 million Ricky Hatton December 8, 2007 – $25 million World Wrestling Entertainment Appearance – $20 million Juan Manuel Márquez September 19, 2009 – $25 million Sugar Shane Mosley May 14th, 2010 – $30 million Victor Ortiz September 17th, 2011 – $40 million Manny Pacquiao’s Career Purse Earnings: $2 million – against Erik Morales (January 2006) $1 million – against Oscar Larios (July 2006) $3 million – against Erik Morales (November 2006) $2 million – against Jorge Solis (April 2007) $2 million – against Marco Antonio Barrera (October 2007) $11 million – against Oscar De la Hoya (December 2008) $12 million – against Ricky Hatton (May 2009) $35 million – against Miguel Cotto (November 2009) $35 million – against Antonio Margarito (November 2010) $20 million – against Shane Mosely (May 2011) Not a huge difference there once Manny became a big name. Not sure how people can think hiring a promoter on a fight by fight basis compared to having a full time promoter could make a 300-400% difference in earnings ? at best it would be 10-20% and you have to do alot more yourself. Not saying Floyd isnt doing well doing this but it doesnt make that much more money. Everything Arum does for Manny still has to be done for Floyd by someone and those people need to be paid. Its not about how much money Pac personally made but how much overall revenue he generated

14y ago

Russian_Crushin

sounds like Mannys problem to be honest Floyd gets WAY more money per fight..and Manny would make alot more without Arum he really doesnt need him. Again why does FLoyd care about Pac's personal money? No matter if Pac is with Arum or without, his side will receive the same amount. So theres no reason why that should matter to Floyd Whats so hard to understand

14y ago

Furn

14y ago

LarryX

Yes, Floyds problem. You cant tell someone to drop their promoters especially since he cant, being contractually obligated Meaning Floyd would need to drop that model for the Pac fight sounds like Mannys problem to be honest Floyd gets WAY more money per fight..and Manny would make alot more without Arum he really doesnt need him.

14y ago

Biolink

LOL too right, I always laugh when Floyd says he keeps "all his money", not only those 3 but Golden boy would get something too. IIRC Roger is capped out at 200k a fight. Don't imagine Ellerbe is making THAT much money comparatively in the long run either. The only people I could see making somewhat a lot of money are Haymon and GBP. Not sure how it works with Haymon, but GBP is paid a flat rate for the work they put in co-promoting and doing all of the work with the undercard and stuff.

14y ago