Is Yuriorkis Gamboa broke?

[Dr Rumack]

[ColWallace]

Didn't do himself any favours in the Perez fight. Fought like a rich man.

[GGBoxer]

Why are people blaming Gamboa's managers and promoters

It was Gamboa that bought a lambo
It was him that left Bob Arum
It was him that turned down a 1.2 million dollar fight

Gamboa made some dumb decisions and now he is paying for it

[gmc_rfc_06]

Why are people blaming Gamboa's managers and promoters

It was Gamboa that bought a lambo
It was him that left Bob Arum
It was him that turned down a 1.2 million dollar fight

Gamboa made some dumb decisions and now he is paying for it

Well, in order to escape Cuba and get going, he was tied into terrible contracts.

Of course he hasn't been great in terms of planning his finances, but when you have promoters/managers taking over 60% of your earnings, it plays a big part.

[GGBoxer]

Well, in order to escape Cuba and get going, he was tied into terrible contracts.

Of course he hasn't been great in terms of planning his finances, but when you have promoters/managers taking over 60% of your earnings, it plays a big part.

i rather have 40 % of 1.2 million than 100 % of 50 000.

He would have gotten lots of high paying fight with Bob Arum but he got too greedy.

[Dr Rumack]

i rather have 40 % of 1.2 million than 100 % of 50 000.

He would have gotten lots of high paying fight with Bob Arum but he got too greedy.

But TMT was taking over boxing. He'd have been a fool not to jump aboard that juggernaut.

[gmc_rfc_06]

i rather have 40 % of 1.2 million than 100 % of 50 000.

He would have gotten lots of high paying fight with Bob Arum but he got too greedy.

I'm sure he would too if he knew how things would have worked out.

He wanted rid of certain people and control of his own career/finances and took that chance.

[New England]

Well, in order to escape Cuba and get going, he was tied into terrible contracts.

Of course he hasn't been great in terms of planning his finances, but when you have promoters/managers taking over 60% of your earnings, it plays a big part.

your promotor doesn't take a percentage of your purse. he makes his money after deducting his expenses for putting on the fight (paying the fighter is included in that,) from the money he makes selling tickets and with TV money (having the fight bouht by a network, or on ppv.)



managers do. the standard fee is 30%. trainers get 10% on average, but top trainers for high earning fighters often negotiate a flat fee with fighters. 1.5% to a cutman. then you've got to run your camp. sparring, housing, and food are the big expenses, and they get larger with a larger training camp. small time fighters don't do it like that, though, becuse they aren't making that kind of money. they train close to home, and most of them have day jobs.

and after all your expenses are paid you are taxed. certain states don't have an income tax, but you're taxed by the feds regardless.


a fighter will be lucky to see half of his paycheck.

[Dr Rumack]

your promotor doesn't take a percentage of your purse. he makes his money after deducting his expenses for putting on the fight (paying the fighter is included in that,) from the money he makes selling tickets and with TV money (having the fight bouht by a network, or on ppv.)



managers do. the standard fee is 30%. trainers get 10% on average, but top trainers for high earning fighters often negotiate a flat fee with fighters. 1.5% to a cutman. then you've got to run your camp. sparring, housing, and food are the big expenses, and they get larger with a larger training camp. small time fighters don't do it like that, though, becuse they aren't making that kind of money. they train close to home, and most of them have day jobs.

and after all your expenses are paid you are taxed. certain states don't have an income tax, but you're taxed by the feds regardless.


a fighter will be lucky to see half of his paycheck.

Decent summary, but you're omitting the exceptions. Floyd Mayweather, for example, keeps all his paycheck because he's a genius businessman, and then trebles it in the following week with basketball bets and boat investments.

[CubanGuyNYC]

a fighter will be lucky to see half of his paycheck.

This subject has come up many times on this forum. Many fans still seem to miss the reality of a boxer's income. A tiny percentage of men in the sport make serious money. $50,000 may sound like a lot of loot to make in one night, but it's not that big a deal when the fighter has all those deductions. And who knows when his next paycheck will be? Very few fighters earn enough to focus exclusively on their careers. Fans need to keep this in mind when they demand that a fighter risk his health beyond reason.