Golovkin is the mandatory to Canelo's WBC 160lb Title.
According to WBC Rules, the challenger gets 30% of the total purse split.
So Canelo gets 70%, and Golovkin gets 30%.
End of debate!
If Canelo asks for a catchweight, he has to give more £££ to Golovkin. Golovkin enters the negotiations with a 30% split already!
Yeah in a fight where his opponent (Wade) probably got between $100-250k. I think $10-15 is reaching to say the least, and I think GGG would kill the negotiations if he tried for that kind of figure. Whilst the promotion may gain momentum, I still don't think it is a slam dunk ppv success. The carrot for GGG is that if he wins he truly will become a crossover star and can then have successful ppv's in the future. Every top fighter needs a launchpad, and it is normally beating an existing name that gets you there.
Khan is more of a household name than GGG right now, also a significant chunk of Khan's purse would have come from Frank Warren's bid for the UK tv rights. Plus that fight was far less of a risk to Canelo, and if you really want to get into the nitty gritty of boxing business...that matters! GGG will have to swallow his pride if he wants this fight, he will have to concede a lot, just like Floyd did when he fought De la Hoya a small term sacrifice (was still by a mile his best purse up to that point so not really a sacrifice) turned into a long term gain.
Don't forget that $5 million would over double GGG's best purse and is pretty much a retirement fund.
$5 million is more than most fighters got against Floyd when he was at the top of his ppv cycle, and think about some of the guys that he fought, pretty much everyone on that list was a bigger name than GGG is now. I think Marquez made something around $5 million against Floyd. Post De la hoya - Canelo, Cotto, Hatton, all made more but they were bonafide draws in their own right, and Pacquiao was obviously a mega fight.
Mosley, Maidana, Guerrero, Ortiz, Berto all made less.
The same goes for most of Pac's opponents on the same stretch, and in both Floyd's and Pacquiao's case they were selling 800k-1.5 million consecutively for a few years, so I don't know where you guys pull these numbers from. There is no way GGG will see that type of money.
Wade got $500k.
You're right with a lot of the stuff you say - particularly that Golovkin isn't as a well-known name as Khan.
You're also right, on reflecting that $10 - 15 mil would be reaching, and that this should be considered a launchpad. With that in mind, your figure of $5 mil seems a lot more reasonable.
Regardless, I think if it goes to purse bid it would be a 55-45 split, so I reckon Golovkin's best bet would be accepting around 66 - 33 split, at 160, for the belts. He'd probably get more than $5 mil from that; the Khan-Canelo fight did something like $18 mil profit off 560k PPVs and the gate. Realistically, I actually see Canelo-GGG doing more PPVs than Canelo-Khan. I think more people actually want to see it, and would be willing to pay for it.
:lol1:
According to WBC Rule 1.27, split for champ/interim champ is 55-45 in the event of a purse bid.
nice try though
Yeah. That was also reported by boxingscene.
Golovkin is the mandatory to Canelo's WBC 160lb Title.
According to WBC Rules, the challenger gets 30% of the total purse split.
So Canelo gets 70%, and Golovkin gets 30%.
End of debate!
If Canelo asks for a catchweight, he has to give more £££ to Golovkin. Golovkin enters the negotiations with a 30% split already!
Agreed with all that. If Canelo wants a weight advantage, he needs to cut GGG in for more money.
Canelo doesn't fight GGG for a long time though. Count on it.
$5 mil is too low. GGG got 2 mil just from freakin' Wade. Khan got about 13 mil versus Canelo. For a flat fee, 10 - 15 sounds about right, this fight would do more than 500k PPVs. Literally everyone wants to see this fight, and casuals would buy it after hearing they're both big hitters and aggressive fighters.
Yeah in a fight where his opponent (Wade) probably got between $100-250k. I think $10-15 is reaching to say the least, and I think GGG would kill the negotiations if he tried for that kind of figure. Whilst the promotion may gain momentum, I still don't think it is a slam dunk ppv success. The carrot for GGG is that if he wins he truly will become a crossover star and can then have successful ppv's in the future. Every top fighter needs a launchpad, and it is normally beating an existing name that gets you there.
Khan is more of a household name than GGG right now, also a significant chunk of Khan's purse would have come from Frank Warren's bid for the UK tv rights. Plus that fight was far less of a risk to Canelo, and if you really want to get into the nitty gritty of boxing business...that matters! GGG will have to swallow his pride if he wants this fight, he will have to concede a lot, just like Floyd did when he fought De la Hoya a small term sacrifice (was still by a mile his best purse up to that point so not really a sacrifice) turned into a long term gain.
Don't forget that $5 million would over double GGG's best purse and is pretty much a retirement fund.
$5 million is more than most fighters got against Floyd when he was at the top of his ppv cycle, and think about some of the guys that he fought, pretty much everyone on that list was a bigger name than GGG is now. I think Marquez made something around $5 million against Floyd. Post De la hoya - Canelo, Cotto, Hatton, all made more but they were bonafide draws in their own right, and Pacquiao was obviously a mega fight.
Mosley, Maidana, Guerrero, Ortiz, Berto all made less.
The same goes for most of Pac's opponents on the same stretch, and in both Floyd's and Pacquiao's case they were selling 800k-1.5 million consecutively for a few years, so I don't know where you guys pull these numbers from. There is no way GGG will see that type of money.
Golovkin is the mandatory to Canelo's WBC 160lb Title.
According to WBC Rules, the challenger gets 30% of the total purse split.
So Canelo gets 70%, and Golovkin gets 30%.
End of debate!
If Canelo asks for a catchweight, he has to give more £££ to Golovkin. Golovkin enters the negotiations with a 30% split already!
Robert Guerrero, when he faced Floyd, was a mandatory defense, and he got nowhere near the 25% split that WBC rules state is owed in a bid situation; heck, Guerrero tried to bring that up in the talks, and Floyd immediately threatened to move on to negotiating with Devon Alexander (sutting up Guerrero real quick).
Gennady Golovkin is not going to get anywhere near 30% of the pot; Alvarez easily does 4-5 times the business that Golovkin does.
If Golovkin camp asks for anywhere near that, he gets handed the belt, and Alvarez moves on:
Alvarez vs Rosado, from Aztec Stadium, on Mexican Independence Day weekend.
Because these dudes are females. Always pocket watching. They dont even discuss boxing, but rather, who makes what. But I guess thats what's exciting when you dont even go to fights.
Golovkin and his people should try and negotiate a flat fee in my opinion, I think there is a lot of uncertainty around how this fight is actually going to sell to the general public, I am not saying it will sell badly but it is fairly unpredictable.
They should try and negotiate a guarantee as close to $5 million as they can, and in this case Canelo's purse which would obviously still carry a guarantee but the amount will depend on revenue. GBP will be confident that it will sell and it is in their control, whilst GGG has to be happy with that amount of money and the shot to beat the biggest star in boxing and put himself on another level.
I think this scenario suits both sides.
$5 mil is too low. GGG got 2 mil just from freakin' Wade. Khan got about 13 mil versus Canelo. For a flat fee, 10 - 15 sounds about right, this fight would do more than 500k PPVs. Literally everyone wants to see this fight, and casuals would buy it after hearing they're both big hitters and aggressive fighters.
:lol1:
According to WBC Rule 1.27, split for champ/interim champ is 55-45 in the event of a purse bid.
nice try though
This is no longer the rule
The interim champion split was removed in their latest amendments.
The rule now is the champion receives 70% and challenger receives 30% of 90% of the purse
The extra 10% of the purse goes to the winner (meaning Golovkin would receive 37% overall if he wins)
Golovkin and his people should try and negotiate a flat fee in my opinion, I think there is a lot of uncertainty around how this fight is actually going to sell to the general public, I am not saying it will sell badly but it is fairly unpredictable.
They should try and negotiate a guarantee as close to $5 million as they can, and in this case Canelo's purse which would obviously still carry a guarantee but the amount will depend on revenue. GBP will be confident that it will sell and it is in their control, whilst GGG has to be happy with that amount of money and the shot to beat the biggest star in boxing and put himself on another level.
I think this scenario suits both sides.
:lol1:
According to WBC Rule 1.27, split for champ/interim champ is 55-45 in the event of a purse bid.
nice try though
according to sulaiman is 70-30, and it could vary depending on how much each fighter produces $$$, which could affect GGG even more...
http://espndeportes.espn.go.com/boxeo/nota/_/id/2672283/no-descarta-sulaiman-nuevo-acuerdo-atrasaria-canelo-ggg
Sobre los porcentajes, fue claro: "Cuando hay una subasta y hay un campeón y su retador es 70 por ciento para el campeón y 30 por ciento para el retador, pero en este caso al ser campeón y campeón interino, y el reglamento nos pide hacer una votación para ver la división de los porcentajes de acuerdo a los números de lo que han producido", destacó el dirigente mexicano.
Golovkin is the mandatory to Canelo's WBC 160lb Title.
According to WBC Rules, the challenger gets 30% of the total purse split.
So Canelo gets 70%, and Golovkin gets 30%.
End of debate!
If Canelo asks for a catchweight, he has to give more £££ to Golovkin. Golovkin enters the negotiations with a 30% split already!
:lol1:
According to WBC Rule 1.27, split for champ/interim champ is 55-45 in the event of a purse bid.
nice try though
I think you are mistaken...because he isn't just the mandatory, he is the interim champion. If it went to a purse bid, Golovkin's split would be higher.
But it isn't going to go to a purse bid...It is either going to be made or not made. 70 -30 sounds reasonable to me....but i dont give a f**k, I just want to see the fight.