Boxing Fast Fact: Mayweathers fights are very different from your average boxing event. Typically, a fighter (including big names like Manny Pacquiao) are simply paid a large up front fee to show up and fight. These contract fighters do share a small bonus PPV bonus incentive, but the real beneficiaries are the promoters. Promoters (Don King, Bob Arum, Oscar de la Hoya) put up all the money to actually stage the fight. They reserve the venue, pay the concession workers, arrange TV deals etc. Because the promoters are taking on all the risk, they also stand to have the largest windfall from the profits (or conversely the largest exposure to any losses). Whenever Mayweather fights, he does not use a third party promoter. Instead, he fronts all the advanced costs personally, out of his own pockets. That means, before the fight, he will personally cut Saul Alvarez a $5 million check that is drawn out of his own bank account.
Posted on: Mon, 17 Mar 2014 00:14:53 +0000
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