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Broner claims that the top entit-ies (Arum, Hearn, Haymon) basically delay payments for 6 months or more on the buys "until the numbers come in". Which is smart business.
As an independent contractor (which is basically what boxers are) that's normal - unless you can negotiate otherwise.
One of my endeavors pays their contact 2 weeks after, who then pays my contact. My contact has to basically front me the money, and even then it's 15 days after I submit the invoice. Everything runs from behind.
The second endeavor doesn't have the second contact - and when I submit, payment is made the week after, because that's how I was able to negotiate it.
Being a contractor is a tough business, and I'm not taking shots to the head.
Even Shawn was basically acknowledging how it goes. So maybe that's why certain fighters (like Keef) don't fight until they've gotten paid for the previous fight.
Well...think about it. Why then would you want to fight LESS every year? It means you're basically cheating yourself if you don't stay busy and just take fights to make sure there's regular income, even if the pay is lower per fight, you can get up to a stronger payday by taking whatever B-levels out, clean out your division while you wait on the big fish.
Accounting for recovery time and assuming an age under 35, there's simply no reason a fighter couldn't fight 3 times a year, yet some of these guys are fighting once per year IF that. Which forces them to demand more money to pick up the slack.
Whereas if you fight in January, that payment shows up in June let's say...you fight in April, that comes in October, you fight in July, that shows up in January, so you keep up that pace and you're basically getting paid throughout the year. You do side investments and your own promotionals and you could fill up the gap, thus not needing massive paydays from one fight.
That's where Canelo did it right and its makes sense why he was able to build up wealth, because the guy was fighting more than everyone else.
As an independent contractor (which is basically what boxers are) that's normal - unless you can negotiate otherwise.
One of my endeavors pays their contact 2 weeks after, who then pays my contact. My contact has to basically front me the money, and even then it's 15 days after I submit the invoice. Everything runs from behind.
The second endeavor doesn't have the second contact - and when I submit, payment is made the week after, because that's how I was able to negotiate it.
Being a contractor is a tough business, and I'm not taking shots to the head.
Even Shawn was basically acknowledging how it goes. So maybe that's why certain fighters (like Keef) don't fight until they've gotten paid for the previous fight.
Well...think about it. Why then would you want to fight LESS every year? It means you're basically cheating yourself if you don't stay busy and just take fights to make sure there's regular income, even if the pay is lower per fight, you can get up to a stronger payday by taking whatever B-levels out, clean out your division while you wait on the big fish.
Accounting for recovery time and assuming an age under 35, there's simply no reason a fighter couldn't fight 3 times a year, yet some of these guys are fighting once per year IF that. Which forces them to demand more money to pick up the slack.
Whereas if you fight in January, that payment shows up in June let's say...you fight in April, that comes in October, you fight in July, that shows up in January, so you keep up that pace and you're basically getting paid throughout the year. You do side investments and your own promotionals and you could fill up the gap, thus not needing massive paydays from one fight.
That's where Canelo did it right and its makes sense why he was able to build up wealth, because the guy was fighting more than everyone else.
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