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Teofimo Lopez Purse Breakdown! OVER 50% GONE OFF THE RIP! ARE MY BREAKDOWN CORRECT?

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  • Teofimo Lopez Purse Breakdown! OVER 50% GONE OFF THE RIP! ARE MY BREAKDOWN CORRECT?

    Triller put up $6,018,000 (the IBF mandates 65-35 split in Lopez favor)

    Lopez gets $3,911,700
    20% to Top Rank - $782,340
    12% or 100K cap whichever is larger To ABC - $400,000
    20% to Manager/Trainer etc - $782,340

    So after all expenses are paid off he has a taxable income of $1,947,020 (which should be taxed at 37% = $720,397)

    So after all expenses paid off and his personal income taxed he has $1,226,623 take home from a $3,911,700 paycheck. #BOXING


    Updated:
    Updated the breakdown purse bid number I had it wrong by 100K or so.
    Updated to reflect the Sanctioning Fee Cap of 100K

    *NOTE: these are just estimations
    Last edited by TheBoxGod; 02-26-2021, 02:41 PM.

  • #2
    Well his dad is his trainer so at least it stays in the family

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    • #3
      Originally posted by TheBoxGod View Post
      Triller put up $6,180,000 (the IBF mandates 65-35 split in Lopez favor)

      Lopez gets $4,017,000
      20% to Top Rank - $803,400
      12% To ABC - $482,040
      20% to Manager/Trainer etc - $803,400

      So after all expenses are paid off he has a taxable income of $1,928,160 (which should be taxed at 37% = $713,419)

      So after all expenses paid off and his personal income taxed he has $1,214,741 take home from a $4,017,000 paycheck. #BOXING


      Why does Lopez have to pay 12% to ABC?
      Shouldn't that be split by both parties?

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      • #4
        Bob gets $800,000 for this fight and all he has to do is absolutely nothing + Lopez has a 3 year contract and this fight will now push his contract a few more months since is not company

        200.gif

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        • #5
          Even worse, he has to pay all four sanctioning bodies, not just the IBF.

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          • #6
            Originally posted by War Room View Post

            Why does Lopez have to pay 12% to ABC?
            Shouldn't that be split by both parties?
            3% to all 4 sancationing body

            Originally posted by _Rexy_ View Post
            Even worse, he has to pay all four sanctioning bodies, not just the IBF.
            yup thats why its 12%, 3x4 = 12

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            • #7
              Good breakdown man. There’s a good video of Robert Garcia breaking down how little fighters get with a million dollar purse.

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              • #8
                So what you are saying is....if Manny gets 40 Mil to fight Crawford.....his take home will be around 11 Million?

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                • #9
                  Originally posted by Rockybigblower View Post
                  So what you are saying is....if Manny gets 40 Mil to fight Crawford.....his take home will be around 11 Million?
                  well **** like that dont really scale, for instance the sanctioning bodies usually get capped at a certain number and at that rate your trainer and team get a flat fee, your promoter usually only getting 15% so the more you make the less you are spending in a way.

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                  • #10
                    Originally posted by TheBoxGod View Post

                    3% to all 4 sancationing body



                    yup thats why its 12%, 3x4 = 12
                    Sorry you lost me here, what's the 3x4 coming from? Shouldn't that be 24 divided by 2? Sorry I'm not understanding.

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