When a fighter makes a million how much does he take home

Didnt GGG fire Abel over money?

I heard that boxers once they reach a certain level are paying for training camps all by themselves. So they have to pay for housing, gym access, food, and sparring partners.

Boxer has a purse of 1 million USD. How much does he take home? Tax, trainer, manager, cornerman etc... I've heard trainers generally take 10%. I've also heard managers take 10%. So immediately you're at $800k. A smart fighter will find a way to deduct some costs, probably northward of $100k in deductions between healthcare expenses and other business expenses. They'll probably eat taxes on $600k of that $800k. Depending on the state that can be from $185k-$250k. Let's just say a cool $200k to make the math super easy. Off of a $1M payday you're probably walking away with somewhere around $600k. If you're an idiot you're paying taxes on the full $800k-$1M and walking away with < $500k.

We don’t pay any property tax in Louisiana other than real estate taxes, but I know what you mean. I grew up in CT and they tax annually damn near everything you buy. Probably how CT keeps the population down and the air fresh lol

Ahh yeah my biggest mistake. I always calculate these things by default from a Florida state of mind. We don't have state tax. I forgot the rest of you suckers pay state tax and consider cars property and pay property tax on em. We don’t pay any property tax in Louisiana other than real estate taxes, but I know what you mean. I grew up in CT and they tax annually damn near everything you buy.

It depends how smart the boxer is and what kind of team they have around them. If they have a smart team I imagine they could keep a decent chunk. However I am guessing that most fighters would only get 500K and possibly less. There are a lot of shady promoters/managers in the sport who rip off fighters.

My opinion fighters should get rid of Mangers they take to much a trainer in the Amateurs Your trainer matches you . You should sign with a promoter you yourself can dictate who to fight let’s say you just turned pro you and your trainer can say give me 10 bums and video footage of the fighters . It’s not rocket science in who to fight and who to avoid until you and your trainer feel ready This is the best advice so far, if you can get a trainer who has links and can be your manager too then you have cut one person out of the team. Jay deas for Wilder was his manager/trainer. But he has to bring Breland and Finkel in because Jay didn’t have the links or the world class connection to boxing in the beginning. You can always do it the RJJ way too, or the David Haye way too. It’s just you would probably struggle for like 3-4 years due to the politics. If you are head strong then you would get there, most of these managers are leeches.

While that happens at the lower level it isn't always the case. Only for desperate fighters who have no income of their own. My post stands. No one is removing your post 😂 . Managers start out with the boxers whether at lower or high level, for most high level boxers they start of at the low end. Unless you are Amir Khan, Lomachenko, Ward, Joshua who all had olympics pedigree beforehand. That’s why Floyd Mayweather needed Arum to pay James prince 600k as his manager or he would have hurt Mayweather back in those days.

My opinion fighters should get rid of Mangers they take to much a trainer in the Amateurs Your trainer matches you . You should sign with a promoter you yourself can dictate who to fight let’s say you just turned pro you and your trainer can say give me 10 bums and video footage of the fighters . It’s not rocket science in who to fight and who to avoid until you and your trainer feel ready

Who pays the sparring partners. The boxer or trainer? Same budget.

Lol!! I'm the same way. Being from Texas, we also have no State income Tax. I too tend to forget not all States are that way. The two best states to live in. Texas is a goldmine. I found that out when I was in the army. Most people leave Miami for Georgia. I always tell them thats pointless. Texas is the last great land of opportunity and affordable real estate.

I remember colby covington saying that after paying his taxes, trainers, etc. He pocketed 5k from his 20k fight purse. Uncle sam always takes his cut.

Who pays the sparring partners. The boxer or trainer?

Ahh yeah my biggest mistake. I always calculate these things by default from a Florida state of mind. We don't have state tax. I forgot the rest of you suckers pay state tax and consider cars property and pay property tax on em. Lol!! I'm the same way. Being from Texas, we also have no State income Tax. I too tend to forget not all States are that way.

Managers usually do most of things that you are alluding to. They rip boxers off more than promoters. You get a manager BEFORE you get a train. The manager usually shops you around to promoters, the managers usually give you money for training and invest in you before the promoter comes around. Not saying the promoter can’t do those things later on, but a manager start all of these things off, by that time a boxer would have signed their lives away. While that happens at the lower level it isn't always the case. Only for desperate fighters who have no income of their own. My post stands.

It all depends on how big the promoter is. While small promoters like McGuigan and Hennessy (MTK Global and Frank Warren as well) would've to spend their money - someone like Hearn gets his money from DAZN and Skysports. In the US, Arum and Haymon also get their money from the networks. When it comes to promoters and it all depends on who the boxer is signed to. And I believe the bigger the promoter, the lesser the percentage split. Anyway, there are many variables involved and it all depends on the structure around the boxer and who he's signed to. A boxer with a good contract devoid of too many mouths can make $700k out of the $1million while some might only take home $100k. It truly depends on how important the fighter is, and how much leverage the fighter owns. Thats what separates the deals. Promoters initially always work their way from the top. As Fighters do NOT initially have the money. Promoters come in with all the leverage and expertise. You're thinking along the lines of already established fighters. I don't know where Al Haymon gets his money from because I've never even heard him speak. So I won't guess. I do know where Bob gets a portion of his money from because he's always speaking. We know edward got all his money from dazn because he wouldn't shut up about it. Which actually supports my point. Promoters run on tight margins, because they themselves expect to make a profit & "lenders" expect a return. Which is why the typical contract is 30%. It would cost networks too much money to try to completely skip promoters and deal directly with fighters- if it didn't we would see that on a massive scale. Floyd was his own promoter and was pushing Mayweather Promotions when he got that deal with Showtime. Floyd was also the most valuable athlete on the planet from a Network's business pov. When a network gets it wrong, they always run the risk of doing so, it hurts them badly. Which is why dazn is in the poor position it's in currently form overpaying canelo, overpaying aj, and overpaying golovkin. BUT all three had leverage.

what can managers do that fighters can’t? Review legal contracts? Find promoters for themselves? Have the links to get the right deals. There is loads that a boxer can’t do, especially when most of them aren’t educated in the dealings of the business. There is a video on YouTube which a british boxer (Ohara Davies) explains in details, how most of these things works.

After paying everything, and depending on country or state tax laws. A fighter would probably take home 450k clean. Taking the tax, trainers, managers, promoters cut out.

No. Promoters usually get a higher percentage than managers. 30% is the norm. The promoter is lending the fighter money to survive and pay bills, paying for travel, setting up events, getting networks involved, etc. Thats all out of promoter pockets. Managers are generally 15-20% and usually 20%. Managers usually do most of things that you are alluding to. They rip boxers off more than promoters. You get a manager BEFORE you get a train. The manager usually shops you around to promoters, the managers usually give you money for training and invest in you before the promoter comes around. Not saying the promoter can’t do those things later on, but a manager start all of these things off, by that time a boxer would have signed their lives away.

Boxer has a purse of 1 million USD. How much does he take home? Tax, trainer, manager, cornerman etc... Way less than half... May-Pac paid around 40% Tax on their fight.