Anyone know how much big time boxers take home after all expenses? Just curios. I seem to remember seeing a check for hasim rachman a few years back after all expenses and thinking that can't be this small. I figure someone people her would know. On a 10 million payday for instance
Anyone know how much big time boxers take home after all expenses?
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I know u give 10 percent to ur trainer. Then u have to pay for training expenses, management, ur team etc so if u get a 10 mil payday u will end up with around 6-7 mill urself if ur lucky -
Uncle sam probably grabs around 40% off the top. I believe that the Muhammad Ali Act has topped managers cuts to a max of 33.3%. Corner 5% . Trainer gets 10%. All of these percentages are of the money remaining after taxes.
So you make a million.
350,000-400,000 to taxes
around 200,000 to manager
around 70,000 to trainer
15,000 to each corner person.
Around 30-35% of purse to the fighter when it's all said and done. Generally speaking............ Rockin'
Last edited by Rockin'; 06-02-2013, 08:03 AM.Comment
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it depends, I know ricky hatton said he used to give a percentage to his trainer but when he started earning the big bucks, that was capped, can you imagine floyd giving 3-4 million to his trainer?
no way
the top top guys will give their trainers like 50-250k maxComment
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Anyone know how much big time boxers take home after all expenses? Just curios. I seem to remember seeing a check for hasim rachman a few years back after all expenses and thinking that can't be this small. I figure someone people her would know. On a 10 million payday for instance
it depends. you're talking about a top fighter, so things will be very different. 10 million dollars is not a common number. only ppv fighters make money like that.
you subtract the total cost of running your camp and paying the people who run it from your purse. then you've got taxes.
the standard number for a trainer is 10%. top flight fighters often adopt a flat fee, instead of a percent.
the standard number for a manager is 30%. managers handle all of the fighter's business dealings. a fighter is usually not in a position to do this. he does not understand it. they fight and they train. they could hardly read the contract they sign to fight. i'm not saying fighters can't read, only that legal contracts will make your head spin if you're not familiar with them. fighters would be in over their heads without managers. the would be no boxing.
then you've got he standard cutman fee, which is 1.5%
you've to to pay your sparring partners.
many top fighters train away from home, so you need to rent / sublet something short term for your team, feed them, etc.
and then, depending on the state and country, you've got federal and state income taxes, the rate of which will be applied to the difference between your total purse and the cost of operating your training camp and paying your people.Comment
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Uncle sam probably grabs around 40% off the top. I believe that the Muhammad Ali Act has topped managers cuts to a max of 33.3%. Corner 5% . Trainer gets 10%. All of these percentages are of the money remaining after taxes.
So you make a million.
350,000-400,000 to taxes
around 200,000 to manager
around 70,000 to trainer
15,000 to each corner person.
Around 30-35% of purse to the fighter when it's all said and done. Generally speaking............ Rockin'
you'd be taxed after your expenses.Comment
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Not to be a hater....but imagine what manny p. deals with, taxes take damn near half, arum is definitely taking at least 40%, you know Roach is not cheap, then manny takes loans between fights from arum (this came out thru the visionquest group manny hired to check his finances who were subsequently fired with pressure put on them from arum, and concz (mannys advisor)) you know arum is taking that back also, these expenses come out and manny is paying taxes on all of those also. So manny will need money to keep up with his lifestyle and political career, philanthropic endeavors, and family expenses. So he keeps manny hooked like a pay day loan opporates, then waves that contract extension at the appropriate time. Boxing can be tough outside the ring alsoComment
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