Comments Thread For: Spence-Porter To Earn $2 million Each; Benavidez-Dirrell $1M

[Scipio2009]

Definitely something wrong with those figures, you'd expect either guy to be commanding more than double that. Is this some kind of tax fiddle or something?

Both guys get a significant share of the event on the back-end; with the card being really good, and both guys giving up some money to make the card better, the assumption is that money will come back later.

Spence-Mikey did over 365k PPV buys (before counting the final tallies or anyone that bought the fight during the extended sale post fight); on just that alone, you've put $12m into the pot (likely enough to cover the guarantees and undercard purses, cover the cost of staging the event, and possibly pay the promoter that did the legwork).

Having the money pass through an LLC/business account will definitely help on the taxes, but it also reflects an ethos that Haymon seems to hold on to.

"Put up the money" to stage the event, put just enough for sure in your pocket to settle the basic responsibilities (cover the money you laid out for camp, pay your coaches, pay your lawyer who checked the deal, etc), put in all your effort to help market the fight (do the interviews, sign all the sponsor material, make the needed trips, let the cameras in to do their work, etc), and in the bulk of your keep in all of the back-end money that comes in.

It's risky, as you could end up pulling a Crawford and flopping, but it's still the path to making the most possible money, and the way to get the most possible money to the fighter.

[Removed Now]

Spoken like a true wilder fan

Spoken like a true idiot. Wilders name have never been mention on this article or trend.

[THEFRESHBRAWLER]

Tyson Fury guarantee has been 1M in his last two fights but y’all ignored that lol.

[Boksfan]

2 million $? PBC plantation is too good for the slaves!

[Boksfan]

What Harvard trained lawyer sounds like that, you racist ****?!

Al Gaymon doesn't exist and you know it bytch

[SceneBoxer]

Official purses for Spence and Garcia is $3M each but both took home about $8M each as reported. Just for comparison...

[MrRolltide91]

That's it???

[Scipio2009]

Only thing I wonder about is, where are these side checks coming from ? Like where is this extra money being pulled from and why is it such a secret? It's been years of people saying that these guys are getting extra money but we never know how much or from where. I could see why people don't necessarily believe it.

PPV - the initial tracking is basically well ballparked within 10 days of the event (Fox Sports still selling the fight for a month after may change that), but the actual proceeds from the event are paid out over the 16 months after the event, with most money coming in that first 6 months, but things trickling in later. Promoters of record are the ones to see the stream tick in (Man Down Promotions is on the marquee, and I don't doubt that Porter will get word too).

Live event- TGB Promotions is responsible for staging the event on behalf of Spence and Porter (basically on behalf of Haymon, but let's keep to the analogy), they've secured the date and venue, and will collect the proceeds from the event, costs will be covered, TGB Promotions will take their fee for running a good event, and the remaining will be sent to the PBC piece that deals with live events, which will then pay out to Spence and Porter.

Sponsors - PBC has portfolio sponsors, but also sponsors for particular events. The money will be paid to the entity that deals with sponsors, with that entity writing a check to Spence and Porter.

International TV - Fox Sports has the markets (mostly in Latin America) where they deliver content and there's no doubt that there's a deal in place for Fox Sports to have the total rights to fights for the markets that they have a channel in. Every other market will have to pay to show the fight (in a one-off, or as a part of an already established deal). That money gets to the fighters.

Etc.

What Haymon is doing kind of illustrates why most shady promoters don't open their books for anything.


Compare that to how things are with Terence Crawford; he got his alleged $5.5m for the Khan fight, with Khan getting $5m, but his camp likely has no idea what the site fee package was from MSG, or what the sponsors paid, or what BoxNation/BT Sport paid for the UK rights, or what the rest of the international TV was, or a whole host of revenue streams coming in that Bob Arum knows every penny for.

He overpaid on this occasion, and lost his ass, but there's a reason why Bob Arum can go from a federal tax attorney to a fight promoter worth an alleged $300m.

Terence Crawford has his next fight against Mean Machine, he'll get his $3m, and that's basically it; Bob Arum will get a check from ESPN to fill the Heisman Trophy presentation night, a check for the proceeds at the gate in Omaha, the sponsor money for the fight, a bunch of different checks for the international TV, and every other revenue stream, without Crawford caring a lick how much Arum is getting.

[Realizniguhnit]

Floyd's guarantees weren't $20m-$30m when he was 30 years old because his total pay package for the fight with Oscar in 2007 didn't get to $30m, and he'd just gotten out of his deal and crowed about making $8m and a dollar (when Bob Arum didn't think Floyd would get more than $8m for any fight) to fight Carlos Baldomir.

Errol Spence is growing; he's not Floyd yet, but he's basically, in starpower/money, about where Floyd was when he fought Carlos Baldomir for $8m.

Spence handles his business in the ring, and the business outside of the ring positions things for that Pacquiao fight, with the general sports world starting to get hip to "The Truth", and you've potentially got a young, confident, action packed, media savvy, three-belt world champion with Vegas still out there as virgin earth to build to.

The fight doesn't need to sell 500k for back-end money to come; depending on what the other revenues bring to bear and the cost of putting on the event, with both guys taking okay guarantees, the back-end likely starts kicking in after 100k-150k PPV buys, lol.

Not what you don't know before you slip

Well let's put it in context then using THE FACTS.

Mayweather age 28-31
Apr 8/06 – W (Judah) – $5,000,000
Nov 4/06 – W (Baldomir) – $8,000,000
May 5/07 – W (De La Hoya) – $25,000,000
Dec 8/07 – W (Hatton) – $38,000,000

1. Arturo Gatti (6/05) 369,000 buys = $16.6 million
2. Zab Judah (4/06) 378,000 buys = $17.0 million
3. Carlos Baldomir (11/06) 325,000 buys = $16.2 million

How the hell is Spence where Mayweather was when he fought Baldomir when he's making literally a QTR of Floyd's guarantee? This fight won't even do 325k PPV buys at that.

I'm sure he'll make a few more dollars with sponsors but the whole point is this. Spence needs to stop going around claiming he's the cash cow and who can't sell tickets when he's earning the same thing Porter is getting and his guaranteed purses are even less than Crawford.

The only how Spence can ascend to the next level is by beating Crawford or Canelo. period.

[Scipio2009]

A nobody like Luis Ortiz must be full of regrets turning down $5 - 7 million, not to mention a shot at 3 titles.

Luis Ortiz is getting a PPV shot at Wilder, likely on a guarantee near $2m, with the chance to still likely earn that $5m-$7m if the event ends up tracking like Wilder-Fury did.

In a situation where he's getting a full camp, no shenanigans in the negotiations, and a truly neutral field to play his craft in.

I'd bet Ortiz is doing just fine