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

[TheBoxGod]

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

[PeepeePoopooMan]

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

[War Room]

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?

[The3]

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

[_Rexy_]

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

[TheBoxGod]

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

3% to all 4 sancationing body

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

yup thats why its 12%, 3x4 = 12

[_original_]

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

[Rockybigblower]

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

[TheBoxGod]

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.

[War Room]

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.