Generally, the fighter in a regular fight takes home his purse MINUS 10 pct. for his trainer and whatever pct. his manager gets...the bigger managers usually get 33 pct...so he would get at least 57 pct...minus taxes, expenses etc. It gets tricky. Sometimes managers/investors take care of the training expenses. If a boxer pays for most of the extra stuff then his manager should NOT get 33 pct!
How much do boxers really make when it's all said and done?
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Usually 20 to 25 percent is standard for most elite boxers that don't form their own promoting companies. That's why nearly all of the elite ones have started this. I recall Sugar Ray Leonard one of the first to dump a management team for an advisor because he cut the percentage to half of what it was.
Ps. This is also why you hear many stories of fighters that for fought for million dollar purses being broke rather quickly after their careers have hit the skids. They never earned anything close to a million dollars after deductions.Comment
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a promoter can take anywhere from 10% up to a third (Chris Algieri/Star Boxing, after grinding through the build-up together, split his takes 50/50 once the money started coming), a manager/management team can take anywhere from 10% up 25%/30%, a trainer usually takes 10%, camp expenses could vary wildly based on the situation (with good sparring in Philly being what is it, "breadman" Edwards talked up being able to finance a full fight camp off of $10k), and then you have taxes (between federal/state/local, how your finances are structured, and where you're at, the full tax bill could be anywhere from 10%-40%).
And then you've got the different exceptions to the rules (ie Floyd probably ending the whole "trainer gets 10%" of the take by the ime the Jose Luis Castillo fight came around, trainers serving as de-facto managers for their fighters, father/son relationships clearing the management team sans a lawyer, etc).
Will come down to the structure the fighter has set up; Danny Garcia, with his father in toe, likely has his purse (in addition to all of his camp expenses) run through 'DSG Promotions llc', pays Haymon his fee, covers the costs of having a lawyer come in to make sure the deal is proper, pays all of his taxes, and kicks his dad a nice check for running the camp. At the end of the day, Danny likely ends up putting $.45-$.55 on the dollar into his bank account.
Weigh that against a fighter with a screwed up structure, paying a manager 20%, a trainer 10%, covering the camp expenses, paying out taxes as an individual (with state taxes to worry about), while also having to then pay back advances on the purse. Depending on the particulars, said fighter could only end up taking home $.15-$.25 on the dollar.
Good lookingComment
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