When a fighter makes a million how much does he take home

[1bad65]

Initially I was going to say around 370k myself, then I went back in because I forgot the deductibles. Which is why I specifically mentioned those fees being tax deductible. It would bring the tax owed down to around 200k.
The government definitely takes a chunk.

I stand corrected.


What specific tax deductible fees are you referring to?

[PRINCEKOOL]

It is a mugs game, just like Chris Eubank Senior stated all them years ago.

[BangEM]

No. Promoters usually get a higher percentage than managers. 30% is the norm. The promoter is lending the fighter money to survive and pay bills, paying for travel, setting up events, getting networks involved, etc. Thats all out of promoter pockets.
Managers are generally 15-20% and usually 20%.

That might be the US. But I know Matchroom only takes 15% from AJ.

For a boxer to earn $1million in a fight, he has to be decent with a lot of cache. So the money would be coming from networks, not promoters unless the boxer is signed to a small promoter. Big promoters don't spend their money, they get the money from the networks.

Managers typically take more percentage cut. And I remember Michael Moorer saying managers get 33% of the split.

[Ritz Kola]

I stand corrected.


What specific tax deductible fees are you referring to?

I know typical manager deals are 20%.
Trainer 10%.
Those are deductibles.
^^^
Our tax system allows us to deduct any business expenses prior to reporting NET income. All fees are business expenses fighters can deduct. I can only hypothesize American taxes I can't help any Canadians, Mexicans, Nigerians, or Brits figure out what their fighters take home. Thats a comment for the British guy not you.

[Ritz Kola]

That might be the US. But I know Matchroom only takes 15% from AJ.

For a boxer to earn $1million in a fight, he has to be decent with a lot of cache. So the money would be coming from networks, not promoters unless the boxer is signed to a small promoter. Big promoters don't spend their money, they get the money from the networks.

Managers typically take more percentage cut. And I remember Michael Moorer saying managers get 33% of the split.

AJ is a terrible example to use. He's an oddity over at match room and has a ton of leverage in his contracts.
Michael Moorer is just a single fighter. The standard in the USA is generally around the breakdown I gave. That was Moorer's manager(s) getting money from his contract. Thats not the go to here.
Money comes from either a promoter or a direct network deal. It always depends. Thats not what we're discussing though. The point was that when a promoter signs a fighter- the things I mentioned are generally what the promoter is responsible for...If it works differently in the UK I don't know.

[2ndroundko]

if he’s got a promoter then he can pay his bills for a few months after taxes. if not then he can put a down payment on a house

[NachoMan]

It would actually be about $370k in taxes.

Millionaires are in the 37% tax bracket.


It's worth noting the Government takes the biggest slice of the pie from the fighter. They take more than the trainer, the manager, and the promoter get.

Your $370K calculation is off -at least in the U.S. We have what's called a progressive tax system which means that all taxpayers pay the same rates on the same levels of taxable income. Those in the top tax bracket would not pay 37% for their entire $1 million earned. They would only pay 37% for the portion of their income that puts them in the highest bracket. Specifically, this means money over $510,300 (or $612,350 for married couples filing jointly). The money less than that threshold would be taxed at the rates corresponding to the lower tax brackets. Bottom line is their federal taxes would be substantially lower than your $370 calculation. Not sure what state/local tax burden there might be though.

[Ritz Kola]

Your $370K calculation is off -at least in the U.S. We have what's called a progressive tax system which means that all taxpayers pay the same rates on the same levels of taxable income. Those in the top tax bracket would not pay 37% for their entire $1 million earned. They would only pay 37% for the portion of their income that puts them in the highest bracket. Specifically, this means money over $510,300 (or $612,350 for married couples filing jointly). The money less than that threshold would be taxed at the rates corresponding to the lower tax brackets. Bottom line is their federal taxes would be substantially lower than your $370 calculation. Not sure what state/local tax burden there might be though.

Ahh yeah my biggest mistake. I always calculate these things by default from a Florida state of mind. We don't have state tax. I forgot the rest of you suckers pay state tax and consider cars property and pay property tax on em.

[BangEM]

AJ is a terrible example to use. He's an oddity over at match room and has a ton of leverage in his contracts.
Michael Moorer is just a single fighter. The standard in the USA is generally around the breakdown I gave. That was Moorer's manager(s) getting money from his contract. Thats not the go to here.
Money comes from either a promoter or a direct network deal. It always depends. Thats not what we're discussing though. The point was that when a promoter signs a fighter- the things I mentioned are generally what the promoter is responsible for...If it works differently in the UK I don't know.

It all depends on how big the promoter is. While small promoters like McGuigan and Hennessy (MTK Global and Frank Warren as well) would've to spend their money - someone like Hearn gets his money from DAZN and Skysports. In the US, Arum and Haymon also get their money from the networks. When it comes to promoters and it all depends on who the boxer is signed to. And I believe the bigger the promoter, the lesser the percentage split.

Anyway, there are many variables involved and it all depends on the structure around the boxer and who he's signed to. A boxer with a good contract devoid of too many mouths can make $700k out of the $1million while some might only take home $100k.

[RJJ-94-02=GOAT]

No. Promoters usually get a higher percentage than managers. 30% is the norm. The promoter is lending the fighter money to survive and pay bills, paying for travel, setting up events, getting networks involved, etc. Thats all out of promoter pockets.
Managers are generally 15-20% and usually 20%.

Promoters don't get 30% unless it's a slave deal. Promoters usually don't get more than 15%. Managers take the bulk of the money.

Ritz Kola is right. M*ngEm is wrong again.

Many promoters take far, far more than 15%. Many small hall or undercard fighters have to rely on their own ticket sales just to make ends meet, I know of instances were fighters have had their purse reduced based on lack of tickets sold.

AJ pays Matchroom a flat fee too. He’s wrong about that as well.