How much do boxers really make when it's all said and done?

[Szef]

floyd allegedly made 300 million against pac but when all was said and done he walked away with 650 dollars

[ΣNΣMY]

Let's say a guy is set to make 1.5 million in his next fight. By the time you pay your cut man, trainer, manager, promoter, lawyer, sanctioning fees, taxes, etc how much are you really taking home?

I think Uncle Sam takes 50% of anything over 250k off tops

iCeMaN john scully

Maybe you can chime in?

No they don't. It's just slightly over 39%

[Scipio2009]

Interesting when you put things in proper perspective. A guy that's set to make 2 mil, might not even walk away with a million when it's all said and done.

pretty much, but again, it comes down to how the camp is structured. Miguel Cotto, since he walked from Top Rank, has basically been able to handle his own career with his lawyer/adviser Gaby Penagarciano and his best friend handling the day-to-day, moving from trainers as he sees fit. Depending on how his business is formally structured, I don't doubt that he walks away with nearly $.70 on the dollar.

Floyd flipped the structure, bearing the risk on his own back, but Floyd is left with needing 'Mayweather Promotions llc' to pay Haymon his fee, cut a check to his father to train him, cover his camp expenses, pay whatever taxes he owes (NV having the tax structure that it does), and pay his lawyer. Business expensing being what it is, Floyd could end walking away with nearly $.75 on the dollar.

Breaking it down simply makes it clear that a fighter either needs to know their business, or have a trusted adviser/friend know the fighter's business to mand the money.

[Scipio2009]

floyd allegedly made 300 million against pac but when all was said and done he walked away with 650 dollars

Floyd controlled the event; the split on the PPV may have ended up being 60/40, and the ticket share was what it was, but Mayweather Promotions was the lead promoter for the event.

Mayweather Promotions got the money from Sky Sports for the UK TV rights, the TV rights sold to Televisa/TV Azteca in Mexico, Mayweather Promotions got the PPV money from Canada and Australia, Mayweather Promotion got the revenue from the TV rights throughout the rest of the world (Top Rank was able to negotiate for PI/China/possibly Asia), Mayweather Promotions got the event sponsorhips, Mayweather Promotions took the share from the closed circuit in Vegas that was kept solely to MGM Resorts properties, Mayweather Promotions got the merch/concessions, etc.

I doubt that the number got anywhere near $600m, but Floyd made it with a ton of money once all the slow money finishes coming in.

[Scipio2009]

No they don't. It's just slightly over 39%

Not even that, tbh. From the progressive marginal tax rates, to the offsets in the tax code afforded to folks, to the various breaks that folks take advantage of just because, the actual federal tax on a that much is likely 20%-25%.

[boliodogs]

Taxes can depend on where the fight is located.

Trainer's usually take a percentage, but some take a flat fee (usually for lucrative bouts).

Manager's take at least 10% but usually higher. I don't know how it works with fighter's that have 2 or more managers (like many of Haymon's guys).

Cut man is a small amount, sometimes 1% from what I've heard.

Training camps can be expensive but sometimes those costs are covered by the promoter or a sponsor (sponsor could pay for some training camp expenses in exchange for free advertising on the trunks, etc).

Sanctioning body's never follow their rules. Its on a case by case basis but I've heard around 3% of purse.

Because of so many moving parts, its hard to come up with an average guess, but my estimate is that a guy who makes 750,000 as a purse in a championship fight, will come home with 400,000. It is a big cut but still very good pay for a sport that doesn't generate much revenue or bring in many eyeballs (in the US).

I really have no idea what percentage of their purse they actually get to keep but this sound like a reasonable figure.

[aldo5408]

39.9% in federal taxes for the highest tax bracket. Plus state tax for example 1M means you pay 390k plus state let's say California another 9% that means you are already at 500k and that is before the training fees

[Eff Pandas]

Using a million dollar payday as an example with just the basic big deductions taken out:

Purse, $1,000,000

Taxes 39%, $390,000
Manager 10%-33%, $100,000-$330,000
Trainer 10%, $100,000
Sanctioning Fees 3%, $30,000 (assuming a title bout)

Take Home Pay, $150,000-$380,000

[Mike D]

When Brian Sutherland fought Kenny Rainford he actually left with less money in his pocket than he came in with

[Mike D]

Brian Sutherland purse was fifty bucks and some free nachos from the concession stand

$75 to the promoter
$50 to the network
$25 to his trainer
$10 sanctioning fee
$10 taxes
$5 he spent on a beer
And the nachos went to his cut man

So all in all Brian came out owing $125 and didn't even get to eat his nachos (his cut man did give him one chip though, but it didn't have any cheese on it)