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Kevin Iole
Yahoo Sports combat columnist
Oct 28, 2016, 2:24 PM
Several years ago, when a dispute over how the money should be split prevented a rubber match between boxing legends Bernard Hopkins and Roy Jones Jr., it got Don House to thinking.
How could these veteran fighters not figure out how to divvy up somewhere in the neighborhood of $24 million, House wondered.
House is a boxing trainer – among his fighters is former WBC heavyweight champion Bermane Stiverne – as well as a UFC cut man. He understands that the fight game is a business, and leaving all that money on the table made little sense to him.
“They both thought they deserved the better end of a 60-40 split, and so we never got that third fight,” House said of Hopkins and Jones. “I thought that what made sense was to give them both a base pay of $6 million and have them fight for the other $12 million. Make it actual prize fighting.
“So you say, a 12-round fight, have them fight for a million dollars a round. Each of them gets $6 million guaranteed and for every round they win, they get that extra million.”
That, in essence, is what led to House’s plans for Full Throttle Boxing, a promotion he conceived of that will incentivize fighters to compete hard in every round.
The idea, which he hopes to launch next year, is an eight-man tournament within one weight class, which would leave the finalists on a given night fighting three times.
He said there is a possibility of having four weight classes going at the same time, though that is to be determined.
All fights would be three rounds. Opening tier bouts would be worth $9,000 total, or $3,000 a round. The winner of a round would get 80 percent of the $3,000, or $2,400, with the loser winning $600.
Second-tier bouts would be worth around $18,000, with the winner of a round getting $4,800 per round and the loser getting $1,200. The finale would be worth $27,000, with each round going for $9,000.
There would be two opening round tournaments in each weight class Full Throttle decides to do. The winners of those tournaments would go to Las Vegas to fight for the title, which would be a 10-round fight.
In that case, House said the payout would be $12,000 a round, with the same 80/20 split.....
Read more at Yahoo Sports
Yahoo Sports combat columnist
Oct 28, 2016, 2:24 PM
Several years ago, when a dispute over how the money should be split prevented a rubber match between boxing legends Bernard Hopkins and Roy Jones Jr., it got Don House to thinking.
How could these veteran fighters not figure out how to divvy up somewhere in the neighborhood of $24 million, House wondered.
House is a boxing trainer – among his fighters is former WBC heavyweight champion Bermane Stiverne – as well as a UFC cut man. He understands that the fight game is a business, and leaving all that money on the table made little sense to him.
“They both thought they deserved the better end of a 60-40 split, and so we never got that third fight,” House said of Hopkins and Jones. “I thought that what made sense was to give them both a base pay of $6 million and have them fight for the other $12 million. Make it actual prize fighting.
“So you say, a 12-round fight, have them fight for a million dollars a round. Each of them gets $6 million guaranteed and for every round they win, they get that extra million.”
That, in essence, is what led to House’s plans for Full Throttle Boxing, a promotion he conceived of that will incentivize fighters to compete hard in every round.
The idea, which he hopes to launch next year, is an eight-man tournament within one weight class, which would leave the finalists on a given night fighting three times.
He said there is a possibility of having four weight classes going at the same time, though that is to be determined.
All fights would be three rounds. Opening tier bouts would be worth $9,000 total, or $3,000 a round. The winner of a round would get 80 percent of the $3,000, or $2,400, with the loser winning $600.
Second-tier bouts would be worth around $18,000, with the winner of a round getting $4,800 per round and the loser getting $1,200. The finale would be worth $27,000, with each round going for $9,000.
There would be two opening round tournaments in each weight class Full Throttle decides to do. The winners of those tournaments would go to Las Vegas to fight for the title, which would be a 10-round fight.
In that case, House said the payout would be $12,000 a round, with the same 80/20 split.....
Read more at Yahoo Sports
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