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For the first 10 years of his professional career, Mayweather was a part of Bob Arum's stable of fighters at Top Rank promotion company. But Haymon was very instrumental in building up Floyd to an enormous PPV Star and gate attraction. Haymon helped Floyd get out of his contract with Top Rank for ONLY $750,000, told him to turn down 20 million to fight Oscar before he left, and a year later, helped Floyd negotiate for 25 million to fight Oscar and other things to set the blueprint moving forward.
Haymon advised and helped Floyd to trash the model Top Rank had back then of only getting paid a large guaranteed fee up front by a promotor which was the norm at Top Rank and across the sport. That alone built resentment because Haymon was messing with the “natural order” of everything that stood for years in boxing.
So Haymon advised Mayweather to stage his own fights and take a cut of the total revenue on the back end. Additionally, Haymon advised Floyd to make sure to earn a percentage of every ticket purchased, every pretzel consumed, every poster sold. He earned from countries that paid for broadcasting rights and the theaters where the fights were shown. Haymon & Mayweather orchestrated fights under a highly unusual financial structure, exchanging upfront risk for back-end profit while retaining total control.
So after distributors and networks get their cut, Mayweather gets a bigger piece of the remaining revenue than anyone else in the sport. Every move Haymon advised Mayweather on was designed to give Floyd the largest piece of the pie at the end of the day. And then Haymon has people in his company and outside to help these guys save for retirement and make other investments for their money to last the rest of their life after boxing for taking all that punishment in t he ring and making all those sacrifices outside of it. Even boxers that aren’t working with Haymon, respect him for his overall value and business model. Haymon isn’t perfect by any stretch, but most fighters are much better off after he advised and managed them, “most.” That is why boxers thank Haymon before thanking God, LMAO! That’s why Floyd ALWAYS thanks and mentions Haymon.
Haymon advised and helped Floyd to trash the model Top Rank had back then of only getting paid a large guaranteed fee up front by a promotor which was the norm at Top Rank and across the sport. That alone built resentment because Haymon was messing with the “natural order” of everything that stood for years in boxing.
So Haymon advised Mayweather to stage his own fights and take a cut of the total revenue on the back end. Additionally, Haymon advised Floyd to make sure to earn a percentage of every ticket purchased, every pretzel consumed, every poster sold. He earned from countries that paid for broadcasting rights and the theaters where the fights were shown. Haymon & Mayweather orchestrated fights under a highly unusual financial structure, exchanging upfront risk for back-end profit while retaining total control.
So after distributors and networks get their cut, Mayweather gets a bigger piece of the remaining revenue than anyone else in the sport. Every move Haymon advised Mayweather on was designed to give Floyd the largest piece of the pie at the end of the day. And then Haymon has people in his company and outside to help these guys save for retirement and make other investments for their money to last the rest of their life after boxing for taking all that punishment in t he ring and making all those sacrifices outside of it. Even boxers that aren’t working with Haymon, respect him for his overall value and business model. Haymon isn’t perfect by any stretch, but most fighters are much better off after he advised and managed them, “most.” That is why boxers thank Haymon before thanking God, LMAO! That’s why Floyd ALWAYS thanks and mentions Haymon.
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