It was published a while back that Algieri's promoter DeGuardia is going to pay him $1.5 million to fight Pacquiao.
Just read today that in addition to the $1.5 Million DeGuardia is paying Aligieri, Bob Arum will also be paying Algieri $2.75 Million for a grand total of $4,250,000. That's a pretty good payday considering that his earnings for Provodnikov was at $100,000.
Here's the quote from Bob Arum:
"Manny's purse, from various sources, is guaranteed to be not less than $20 million," said Arum. "But what Chris is getting, that's up to his promoter, but I'm paying him $2.75 million."
I've met Joe before nice guy. His offices are a few blocks away from the Morris Park boxing gym in the Bronx. With that said, there's no way Algieri is getting a mysterious1.5 mil from Joe. Lol. Where is that money coming from? People are delusional. They will split whatever Arum gives them.
^^this.
People claiming DeGuardia is giving Algeri $1.5 mil from his own pocket dont know what they are talking about. TR is the promoter of record. Yes, Star Boxing will get an "In Association With" credit on the posters and the ring introductions. They might even get their banner hung on the light grid. But make no mistake TR is controlling ALL REVENUE. Bob paid Joe $2.75 million for the services of Algeri, plus a ppv upside that probably doesnt kick in until 700,000 buys or whatever number they negotiated. Joe and Chris then have to divide up the $2.75.........
Bob is so non-chalant about it it's like "yeah that's how we work at Top Rank, now f off."
Khan would be paid more fighting Manny and he knows that, only Pac surely knocks him out while he knows Floyd has no power at all to hurt him. Against Floyd he feels like Keanu Reeves who can see Floyd in slow motion.
He just fought in Vegas lol. He can only fight guys with zero leverage like rios and Chris in china.
Yes i know that but his last 2 have been in Macau...since he had a tax lien against him.
Makes sense...thats why Pacman doesn't want to fight in the states anymore.
He just fought in Vegas lol. He can only fight guys with zero leverage like rios and Chris in china.
In a recent article Arum broke down how despite Floyd's $32mil guarantee, Pacquiao actually pockets more money than Floyd with his $20mil guarantee due to both thier tax structures when Pac is fighting in Macau.
I'm not sure of Macau's tax structure, but here in the states when floyd fights, 39.6% goes to the I.R.S. That's just about 40% of his $32mil. That's not including what Haymon takes along with training expenses and the fee he pays Oscar to promote. Floyd probably pockets roughly around $12mil from his $32mil purse.
Makes sense...thats why Pacman doesn't want to fight in the states anymore.
In a recent article Arum broke down how despite Floyd's $32mil guarantee, Pacquiao actually pockets more money than Floyd with his $20mil guarantee due to both thier tax structures when Pac is fighting in Macau.
I'm not sure of Macau's tax structure, but here in the states when floyd fights, 39.6% goes to the I.R.S. That's just about 40% of his $32mil. That's not including what Haymon takes along with training expenses and the fee he pays Oscar to promote. Floyd probably pockets roughly around $12mil from his $32mil purse.
Are you trying to say Star and TR is paying Chris? I don't even think Star boxing has 1.5 million dollars
I've met Joe before nice guy. His offices are a few blocks away from the Morris Park boxing gym in the Bronx. With that said, there's no way Algieri is getting a mysterious1.5 mil from Joe. Lol. Where is that money coming from? People are delusional. They will split whatever Arum gives them.
Anyone who believes pac is getting 20 mill a fight is smoking some good kush
And algeri is getting paid whatever his promoter wants to pay him out of the 2.75 million
That arum is paying him.......some people can't read between the lines
Respect where it is due. Manny doesn't need to be the centre of attention or wave cheques in peoples faces.
All of Pac's fights have been arranged and promoted well, with an equal amount of focus on Algieri in the lead up, this is no different.
I don't know him, but from what I have seen Manny is a humble guy.
Source? And u clearly misunderstand it. Arum is paying his promoter 2.75. What Algieri gets outta that is up to the deal with him and his promoter.
Are you surprised? Lotta dumb fux on the board. Algieri ain't getting to 4 million. Tardscene for real here.
Ive always wondered why Floyd is the highest paying boxer but his opponents does not get as much as if they were fighting Pacquiao and Pac is the 2nd highest paying boxer
You answered your own question.. because Floyd is the highest paid boxer
All these kind of things that are happening is going to lead to Floyd Mayweather leaving Al Haymon. Just following his career, Floyd Mayweather isn't afraid to cut-ties with anyone whether it be family or close associates. He's at the tail-end of his career and he keeps talking about his "legacy" in these last two editions of All Access.
I believe that Floyd Mayweather will finish his deal with Showtime, which I'm assuming will be Amir Khan in May 2015 and the winner of a Keith Thurman vs. Danny Garcia fight to face Mayweather in September 2015. After that I can see Mayweather moving back to HBO and setting up at least a clash with Manny Pacquiao.
At the end of the day, everything is looking extremely good with HBO. They'll be able Floyd Mayweather the best choices in opponents once his Showtime contract is expired. I think at that point Floyd Mayweather will officially leave Al Haymon and manage his own career from that point forward. I could see him signing a contract like Pacquiao that ends in 2016. So probably 3 or 4 more fights for Floyd.
As for actually speaking about the related topic. Bob Arum is paying the opposition much better than what Al Haymon is paying the opposition to fight his fighters. It's starting to look bad for Al Haymon and what he's been doing to the sport, I believe that's why we're about to see Haymon Boxing sign its deal with NBC Sports Group. He's about to be boxed-out from HBO & Showtime.