If the trainer take about 10%, gonzalez takes 33% (confirmed) and oner takes another 30's % you have to wonder if he will even see 200k before taxes.
My friend knows for a fact that gonzalez takes 33% and its not sure how much oner takes but im sure it has to be in the 30's also
well i think that is the right deal, i think that what bradley and alexander made on their fight so i think rios and gamboa each making 1.1 mil is fair, it is a fight on that level
Brandon I hear is not making close to that. I heard he moved off of his $ to get this fight done
I don't talk to Brandon about his money but this is what I have heard from several people that he took the lesser portion to get Gamboa to agree
whatever is left for gamboa to take home is still much more than what he got in his previous fights where he got much less purse. the fight with rios is not happening because of gamboa period.
here is breakdown:
1.1M Purse
Top rank 27% - $297000
Oner 27% - $297000
Trainer 10% -$110000
Gonzalez 20% - $220000
Cut Man 6% - $66000
Referee 10% - $110000
Barack Obama 15% $165000
total: 115% - $1265000
MATH
1100000 -1265000 = -165000
so gamboa has to pay $165000 lol :tapedshut
$110,000 does not come out of Gamboas cut for the ref :lol1:
Man, that is ridiculous.
He's obviously got the Oner/Gonzalez company taking another big cut from that purse. To think that the $1.1million purse he fights for actually ends up breaking down into something like $200,000 for Gamboa and $900,000 for people who do very little.
No wonder guy's play football or basketball instead.
I posted something to this effect the other day. There have been several Cuban defectors to Major League Baseball in the last few years. Aroldis Chapman and Yoenis Céspedes, to name a couple. Chapman, then 22, signed a six-year $30.25 million contract in 2010. Céspedes, 26, just signed a four-year $36 million contract. Both these kids had no professional experience!
Throw in the fact that the money is guaranteed; they're likely to receive lucrative endorsement deals; they're participating in a sport where their long-term health isn't at great risk; the average career longevity is much higher; and there's a pension after only ten years "service" and boxing begins to look rather lame.
The minimum salary for 2011 in Major League Baseball was $414,000. That means that quite a few scrubs get to keep a wooden bench nice and warm for almost half-a-million bucks per year. Obviously they pay taxes; but, beyond that, (my guess is) they only pay an agent and a lawyer upon signing or renewing their contract. No promoter; no trainer's fees; no bullsh*t.
Given the choice, a talented young athlete would be coo coo to pursue a career in boxing. I don't know nearly as much about football, basketball or soccer salaries or contracts to offer any real opinions, but I'm sure their financial allure is greater than that of our beloved sport.
Here's REEDs thread breaking down what a fighter actually gets after everyone else is paid - http://www.boxingscene.com/forums/showthread.php?t=476515&highlight=Breakdown
------
Reed
"Lets say a fighter gets a 1 Million dollar payday.
How much does he ACTUALLY make.. after trainers, coaches, managers, promoters are paid... and then AFTER taxes.
I know each fighter has different contracts with their managers and promoters, but use a known figure.
Opening post updated:
1,000,0000,0000
-260,000 (26% promoter)
--------------------
$740,000
--100,000 (10% of purse - Trainer)
--------------------
$640,000
-20,000 (2% cutman)
-------------------
$620,000
-217,000 (35% Taxes)
-------------------
$403,000
*Based on figures that we generally know around the forum.
Not including managers, training camp costs etc etc...."
If you use this as a template, and punch in Gamboa's figures, it works out as him not getting a lot. Someone is well and truly taking him for a ride.
Man, that is ridiculous.
He's obviously got the Oner/Gonzalez company taking another big cut from that purse. To think that the $1.1million purse he fights for actually ends up breaking down into something like $200,000 for Gamboa and $900,000 for people who do very little.
No wonder guy's play football or basketball instead.
Yeah, well, if you go by the Floyd model, fans don't necessarily gain anything from it. All you'll have is retirement, vacation, retirement, vacation, duck risky fights...
Look, I'll break it down...
Thanks for the information, UglyPug! I've never seen anyone break the payoffs down in such detail. I understand that these are approximations, that there are different personal agreements, and that cuts vary from fighter to fighter; but it's nice to have a ballpark idea of what the average million-dollar-earner takes home.
As I said earlier, I always assumed the fighter gets roughly half, or just below that, but it's sad to realize he may only get less than one-third! Ugh....
I remember Pavlik talking about Top Rank getting 27% from his part of the Bute fight. . . Showtime was buying the fight, and out of Pavlik's portion of the fight, Top Rank was going to take 27%. . . Arum said taht he wasn't going to take any of Pavlik's salary from the ShoBox fight that was scheduled first (the one taht Pavlik pulled out of). . .
Here, since Rios and Gamboa are both Top Rank, Arum gets to take a cut out of both of hte fighter's purses. . . So he'd get around 300k from Gamboa's, and 27% of whatever Rios' purse was (im guessing somewhere close to a million) - so that's another say 250k. . . Arum was probably going to take close to 600k out of the total purse in which HBO bought the fight for. . . HOWEVER< you got to remember HOW MUCH MONEY Arum PUTS INTO these fighters for marketing, promoting, training and travel expenses (not trainer's fee form the fight). . . It ain't cheap to promote fighters. . .
Usually, promotors don't even PROFIT that much from anything other than PPV fights, and a little from these bigger time HBO/SHowtime cards. . . Out of that 600k or so Arum was going to keep from the gamboa/rios fight, he'd probably only actually be profiting maybe 100-200k.
You're misinformed...
You underestimate the amount of money Bob Arum (Top Rank) retains from a HBO date involving Top Rank fighters and their profit. Also, you mentioned expenses (marketing and promotion seperately (although they fall into the same category)), but didn't factor in attendance and sponsorship revenue and a possible site fee.
If HBO reportedly paid $4M for Bradley-Alexander, it is feasible that they paid approx. $3-3.5M for Gamboa-Rios (factoring in the new regime). If they were offering Gamboa $1.1M and Rios (from his own admision) less (I'll estimate $800K-1M) and then a $100K fight bonus after Gamboa's no show at the presser (which in itself speaks volumes of what they retain), we're talking about $800K-1M unaccounted for. Alvarado-Herrera receive from $100-200K for the televised portion of the undercard, $600-800K unaccounted for.
And all of this before taking their cut from the fighters' purses!
Exactly. . HBO buys the fight, in which the promotor takes a cut from both fighters. . . Usually the standard is 27% (not all the time, but since NOBODY knows exactly what Gamboa's situation is, I was simply offering my best estimate).
Here, since HBO was buying the fight for what? 2.5 million? Rios and Gamboa were each scheduled to get 1.1 million per (and undercard fighters the rest). . In which Top Rank takes a cut out of EACH fighter purse. . .
What you said is the exact same thing, except you failed to explain how the promotor bases his cut on. . . It's usually 27% from each fighter's purse. . .
Im just giving my estaimate based on what I have read. . .
I dont think there is an exact science for cuts. Status of the fighters play a big role. Floyd would be a perfect example (though not to common). If GBP said to him that they were going to take 27% (I find it hard to believe Floyd would give up that much), im sure Floyd would tell them to F off. Plus from my understanding, the reason why Floyd hires GBP is because you need a license to promote, and Mayweather promotions doesn't have one hence why they always work with and use GBP. Im pretty sure the 1.1 doesn't include sponsors. Now, if the promoters get ALL of gate and sponsors...then thats just BS. Bottom line is that Yuri screwed himself both from a PR standpoint, and financial.
Oh OK, so it is safe to say that Gamboa is an idiot.
Anyways do you feel he deserves more than 1.1mil
Limited options, desperation from lack of resources, and appreciation after defecting from Cuba can put people in that position...
If Berto, Bradley, Martinez, Dawson, Paul Williams, and other fighters that struggle garnering attendance and attendance revenue can make over a million dollars (more than once), why can't Gamboa? He would've received it for moving up 2 weight classes to face the #1 Lightweight in the World no less. HBO decides the market value and they value ability and poential over attendance revenue so Gamoa deserves $1.1M and whatever else he can get for his blood, sweat, and tears.
ArenaBox taking over 60% out of Gamboa's purses is nothing short of criminal.
That was probably the contract he agreed to before leaving Cuba. Boxers need a union worse than other athletes, theses guys guy come closer to death everytime they step in the squared circle and out of 1.1 million at best take home 200k. There is something seriously ****ed about that
Now you know why Floyd Mayweather bought out his contract with Bob Arum and started promoting himself and why Cotto refuses to resign with Arum. Since Mayweather bought out his contract with Top Rank, Bob Arum has missed out on $150 million that he would have pocketed if Floyd had fought all of those fights under the Top Rank banner. I am sure Arum is losing out on at least $10 million he would have made if Cotto was still under his banner when he fights Mayweather. Fighters are getting ripped off by promoters left and right.
gamboa a idiot that got himself into this dilemma. Now we supposed to understand where he comming from lol.
How about Rios, Maybe he needs this paycheck comming up and Gamboa just f.ucked him over.
Have to agree with you....Yuri seems to be so short sighted that even if he only makes 200k or so out of 1.1 mil.....it will put him in a much bigger spotlight should he win. So Yuri wins, then those 1.1 can easily become 2.2, 3.3, ect as he continues to fight through the the ranks. You sacrifice now to gain a lot in your upcoming fights with bigger household names.
gamboa a idiot that got himself into this dilemma. Now we supposed to understand where he comming from lol.
How about Rios, Maybe he needs this paycheck comming up and Gamboa just f.ucked him over.
well with arum involved and all those other fees... Trainers..cornermen.. Entourage... Co-promoter.... Hmmm arum will make sure he gets... Hmmm lemme see if my calculations are right.... Carry the 3... Add the 6... Subtract.. 9... somewhere in the ballpark of 8 dollars and 32 cents... :dunno:
lmfao!!!!!!!!!!!!!
Look, I'll break it down. .. Top Rank, along with ALL PROMOTORS get a standard 27% cut from the fighter's pay. . .
How did you come up with that? HBO buys the fight, maybe for 2.5-3 million in this case. Top Rank gives 1.1 to Gamboa, maybe 8-900K to Rios and keeps the rest, which also includes the gate, sponsors, international rights, etc.
Oner had to kick in 200K from his take to make Gamboa financially satisfied. When it comes a television fight, the network buys the fight at a rate and then the promoter divides the money up. When there isn't enough money to go around, fights end up on pay-per-view.