Who is paying Mayweather?

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  • maguirre
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    #41
    Originally posted by Deevel916
    One thing I noticed about Floyd is that he tends to lie about how much Money he makes. Is he that insecure that despite being the highest paid athlete in all of sports he has to exaggerate his purse amounts on top of that too? I remember him claiming that he made 60mil for fighting Mosley.
    That's why Uncle Sam is always after his ass. Even Forbes makes no bones in saying all their figures are based on what was declared on the news and articles, interviews, which Floyd and people around him can concoct without showing proof.

    In contrast, Arum, I suspect, does the opposite, ie, Pac/JMM 4 makes 2M PPV, he declares 1.2M...

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    • The Big Dunn
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      #42
      Originally posted by Deevel916
      I dont see this fight doing 2mil. Canelo isn't close to being the star that Oscar was. He's a big star in Mexico but not here in the states just yet. Most casuals only know him as the red headed boxer from Mexico. I see this fight doing 1.3 - 1.5mil
      Originally posted by edgarg
      There are always speculations which quickly become fact on this site and with boxing fans generally. There is NO $41 mill purse. This amount was arrived at by some imaginative reporter for one of the money magazines, I read it a couple of weeks ago but paid no attention as to whom it was. He made the most favourable assumptions for every item he could think of, beginning with the SHOWTIME "guarantee" of $32 mill, which itself has never been confirmed, It also is speculation, because the report issued st the time SPECIFIED that the figures and the terms of the actual contract were CONFIDENTIAL. Reports speculated that it "could" amount to as much as $250 mill for a maximum of a 6 fights..BUT...that each fight would be taken on it's own merits. About a week after the agreement was announced, there was an article on this site which uncovered the few details which were known, and I've mentioned them above. (I have a vague idea that the article was by Jake Donovan, certainly by one of the senior writers).

      So we don't know. Now there are certain expenses. If, as I've seen written (probably another speculation but close to the mark-I think) Haymon gets 15%, (assuming the $41 mill) this will amount to $6 mill, Oscar will get at least 25% (Top Rank gets 28% from Pacquiao, and other promoters take up to 30-33%, so 25% is comparatively modest) which is $10 mill. Then there is the gate of $19 mill and the expected PPV of $100-130 mill.

      I have no idea if Haymon's and Oscar's shares come from the total amount taken in, or just the "purse". Assuming $130 mill PPV, the PPV/Cable people take a min of 50% and the IRS and local taxes take 42%. And there are trainer and Team fees probably 10-15%.

      So far the take comes to about 120-130% so Mayweather owes them money....... I'm kidding of course, but I'm just pointing up the intricacies of boxing economics.

      Someone will doubtless come on-site who knows all about it (at least he'll say he does) and tell us all about Mayweather's bank balance and the exact dollar amount he pays for his ***ellery, not to mention how much his kids' support costs him etc.etc.

      I'm very sceptical of any reports which purport to know what a top boxer earns. An instructive thing to do might be to look up on the internet the duties and responsibilities of a Promoter. It won't tell you how much Mayweather is going to earn, but it'll show you that whatever the amount a promoter gets, he earns it.

      And....... although the majority of the PPV money comes in fairly quickly, it's common knowledge that it takes over a year for all the streams to arrive and be counted. I'm sure I've forgotten several major incomes or expenses (like the advertising and the many cities tours and TV press reports, Commission fees) but it all depends on which amounts it all comes from, and what the total amount will be...which we'll never know, so it doesn't matter.

      There will be a lot of money around anyway on this exciting weekend, and those doing the work will get paid.
      Originally posted by Deevel916
      One thing I noticed about Floyd is that he tends to lie about how much Money he makes. Is he that insecure that despite being the highest paid athlete in all of sports he has to exaggerate his purse amounts on top of that too? I remember him claiming that he made 60mil for fighting Mosley.
      You guys decide yet how much floyd made from this fight? WHy it bothers you is strange. But I have a guess as to why.


      Originally posted by Cgarcia
      That's why Uncle Sam is always after his ass. Even Forbes makes no bones in saying all their figures are based on what was declared on the news and articles, interviews, which Floyd and people around him can concoct without showing proof.

      In contrast, Arum, I suspect, does the opposite, ie, Pac/JMM 4 makes 2M PPV, he declares 1.2M...
      Yeah thats it. ARum lies and HBO goes along with the lie and purposely says its fights under perform. Some of you guys are truly sad.

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      • Public_Enemy
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        #43
        Originally posted by Cgarcia
        That's why Uncle Sam is always after his ass. Even Forbes makes no bones in saying all their figures are based on what was declared on the news and articles, interviews, which Floyd and people around him can concoct without showing proof.

        In contrast, Arum, I suspect, does the opposite, ie, Pac/JMM 4 makes 2M PPV, he declares 1.2M...
        I don't think so. That doesn't really make sense.

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        • MrRolltide91
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          #44
          Originally posted by Deevel916
          I dont see this fight doing 2mil. Canelo isn't close to being the star that Oscar was. He's a big star in Mexico but not here in the states just yet. Most casuals only know him as the red headed boxer from Mexico. I see this fight doing 1.3 - 1.5mil
          uh huh........

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