Let's take a guess here and see if a $10 million offer for GGG is fair or not..
Now I'm completely guessing on these numbers of course because nobody can know now what everything will add up to but anyway
Site fee: probably around $15 million.... Jerry jones said he's gonna go after the fight aggressively. Manny-Floyd had a more than $25 million site fee paid in Vegas so I'm guessing $15 is fair here...
Live gate: probably around $10 million.... Khan-Canelo did around 7.5 supposedly and this fight is way more anticipated and the prices for tickets will be a bit higher for good ones anyway...
PPV: $35 million this is where everything could shift one way or the other..I'm gonna say it does 1 million buys...if it doesn't then boxing is just done, every huge fight over the last 10 or so years has done over a million basically... Yeah I know Cotto-Canelo didn't but some estimates had it around 900,000 so benefit of the doubt here because this is by far the biggest fight in the sport...
Not sure what other profits can be had?probably is another few million in advertisement deals , merchandise sales etc... So let's just say $2 million
So in total I have around a generated $$$$ value of $60 million for this fight...
Not sure what it would cost for promotion and stuff but even if it was $5 million we still have best case scenario around $50-55 million revenue....
If GGG gets $10 that's a 20% or so slice of the pie and Canelo gets around $40-$45 million before GBP and K2 get their piece from the fighters purses....
Not knowing the particulars of the deal GBP offered and more importantly the PPV revenue split, I don't think K2 is wrong in countering the offer with a percentage split...
This is coming from a GGG fan but not one who is a fanboy or illogical thinker...I think $10 million is a lot of money and GGG will not make that anywhere else but guess what, Canelo is not making $40-45 million anywhere else either.... So I hope they can come to a fair deal for the both of them and give the fans what they want so we don't go through the same stuff May-Pac gave us...
Well we know Gennady will bring in 500K+, Mr. 62k is the one that worries us.
SOURCES CONFIRM to FoxSports: De La Hoya paying to inflate PPV numbers. Media received the official number of 62.3K, expect inflation.— 24/7 Boxing (@247boxingnews) September 21, 2016
Cotto and Canelo were the 3rd and 4th biggest draws in the sport and they did 900k. Names trump match-ups when it comes to PPV. It won't do more than 900k.
At least 1M PPV, most boxing insiders say it does 1.3 - 1.7M PPV.
Gate will also be much higher than you suggested, hell only 30% more than Khan? LOL come on bro. Khan wasnt even a sellout, only had 16k attendance.
On the Leave it in the Ring Show theres a ticket broker who sells the biggest fights, says GGG canelo would easily do 100k tix in Texas and should do 1.5M PPV.
GGG brings a ton of international TV broadcasters, he just signed a new deal with RTL in Germany for example.
After everything is said and done, about 90M will go to the fighters, GGG $30M, Canelo $60M or something like that.
Slightly more than Cotto vs Canelo perhaps.
70-90 million in revenue
Which leaves about 35-45 million for the fighters to split if you include upside.
12-15 million for GGG (upside included)
24-30 million for Canelo (Upside Included)
I don't think it does as well as people expect
De la hoya knows it too hence the"Marination"
I said in another thread today. People are overrating both of these guys' starpower when it comes to selling PPV's.
Idk how much $$$ it will generate but I dont think it will pass the 600k buys mark.
1.2 to 1.5mil PPV buys. Canelo can do ok on his own but his PPVs are mostly dictated by his dance partner. Golovkin just hasn't had enough quality exposure. Many casuals are not familiar with him and he doesn't sell well in the states. However, I think the synergy of those 2 together would draw over a million, possibly even 1.5 if they push the advertising. That would be quite a lot considering that Golovkin previously did 1/15th that in the States.
I think Canelo vs Cotto numbers seem realistic, if they do wait I think it will move up. The Buzz is HUGE with us the boxing fans but the Casual Sports fan, no they not that interested in it yet
I think 50 is a good expectation, I actually do think it cold do more but things have to go right for that to occur so I would want to count that as beating expectations.
I would offer 60-40 and take 70-30 if I'm K2.. Maybe push for 65-35 if you think you can get it...he's still gonna make between 10-15 million most likely.. Problem is there's not another fight after Canelo that brings him anything close to this amount so they better get all they can here...
Why would Golden Boy give Golovkin anything extra, knowing the same information that you just noted?
Golovkin is 35 years old, is not a PPV fighter (after 4 years of TV work on HBO), and doesn't really have any other fight to look forward to.
K2 can try all the negotiating tricks that you can think of, Golden Boy literally has no incentive to move their number. Regardless of all the heat that the HBO orbit can try to put on Alvarez, none of that will help Golovkin bring an extra dollar to the table.
First and foremost, you either take the site fee or the live gate; in no world will a venue pay to host an event and then not control the tickets to said event. (When MGM Resorts paid the $16m to host Cotto-Alvarez, notice how nearly all of the seats were kept for MGM Resorts customers)
Secondly, a $35m take on the PPV (before counting the promoters' share) isn't all that unreasonable a guess, to a touch optimistic; generating $70m on the fight would make Alvarez-Golovkin a bigger fight than Cotto-Alvarez which I doubt.
site fee: $15m from Jerry Jones
PPV: $35m
$50m for the fight, promoters take 20% (leaving $40m for the fighter, Golovkin gets $10m, Alvarez gets $30m (basically a 75/25 Alvarez share on the fight).
Compare the starpowers heading into te fight, and I don't think that that's all that bad a deal.
I would offer 60-40 and take 70-30 if I'm K2.. Maybe push for 65-35 if you think you can get it...he's still gonna make between 10-15 million most likely.. Problem is there's not another fight after Canelo that brings him anything close to this amount so they better get all they can here...
It'll make a lot more than canelo v cotto, I reckon $60-70m
GGG is alot more famous than Canelo outside US/Latin America, so the ppv will be at least 50% GGG fans IMO
Let's take a guess here and see if a $10 million offer for GGG is fair or not..
Now I'm completely guessing on these numbers of course because nobody can know now what everything will add up to but anyway
Site fee: probably around $15 million.... Jerry jones said he's gonna go after the fight aggressively. Manny-Floyd had a more than $25 million site fee paid in Vegas so I'm guessing $15 is fair here...
Live gate: probably around $10 million.... Khan-Canelo did around 7.5 supposedly and this fight is way more anticipated and the prices for tickets will be a bit higher for good ones anyway...
PPV: $35 million this is where everything could shift one way or the other..I'm gonna say it does 1 million buys...if it doesn't then boxing is just done, every huge fight over the last 10 or so years has done over a million basically... Yeah I know Cotto-Canelo didn't but some estimates had it around 900,000 so benefit of the doubt here because this is by far the biggest fight in the sport...
Not sure what other profits can be had?probably is another few million in advertisement deals , merchandise sales etc... So let's just say $2 million
So in total I have around a generated $$$$ value of $60 million for this fight...
Not sure what it would cost for promotion and stuff but even if it was $5 million we still have best case scenario around $50-55 million revenue....
If GGG gets $10 that's a 20% or so slice of the pie and Canelo gets around $40-$45 million before GBP and K2 get their piece from the fighters purses....
Not knowing the particulars of the deal GBP offered and more importantly the PPV revenue split, I don't think K2 is wrong in countering the offer with a percentage split...
This is coming from a GGG fan but not one who is a fanboy or illogical thinker...I think $10 million is a lot of money and GGG will not make that anywhere else but guess what, Canelo is not making $40-45 million anywhere else either.... So I hope they can come to a fair deal for the both of them and give the fans what they want so we don't go through the same stuff May-Pac gave us...
First and foremost, you either take the site fee or the live gate; in no world will a venue pay to host an event and then not control the tickets to said event. (When MGM Resorts paid the $16m to host Cotto-Alvarez, notice how nearly all of the seats were kept for MGM Resorts customers)
Secondly, a $35m take on the PPV (before counting the promoters' share) isn't all that unreasonable a guess, to a touch optimistic; generating $70m on the fight would make Alvarez-Golovkin a bigger fight than Cotto-Alvarez which I doubt.
site fee: $15m from Jerry Jones
PPV: $35m
$50m for the fight, promoters take 20% (leaving $40m for the fighter, Golovkin gets $10m, Alvarez gets $30m (basically a 75/25 Alvarez share on the fight).
Compare the starpowers heading into te fight, and I don't think that that's all that bad a deal.
It wont make more than Canelo-Cotto
I think it will be about the same. If not better.
Cotto was on his last legs by the time they fought and it killed some of the intrigue in the fight.
GGG vs Canelo is two prime killers. Fans will latch onto this easily
We'd need to see how much GGG has made in his last 5-10 fights. I say if a 25% split eclipses what he's made previously then he should be snapping GBP's hand off.