What percentage does a boxer get from his total purse?

@Chef

what service do you offer?

 

Floyd pays high USA tax unlike Pac


then he has his boss/promotor oscar and richard

THEN has his own private managers and advisors ellerbe and haymon

he pays out a big ass bunch

he owes richard for his tax expense

Schaefer has a spare set of keys to Floyds house and options on his wifey

 

Wow, that royally sucks.
To earn $1m in the first place, you have to be a champ with a decent enough following.

$150k = approx £100k. If you're a top boxer, let's just say for example you have 15 fights with a paycheck like that.

£1.5m + £500k for random stuff and earlier paychecks = £2m = your total earnings for your boxing career.
You're finished by age 35. Taken a ton of beatings. You're most likely earning little after that.

That kinda sucks tbh. I can sit on my ass as a dentist in a few years, and will earn more than that in my career.

 

Living in Canada, I read in a newspaper that Lucian Bute after paying taxes + staff and manager + training expenses for the fight takes home between 30%-40% of the purse. I don't know in other countries, and what deals fighters have with their manager/staff ( pourcentage or fixed fee)

 

Nonsense. It's not 'supporsed' to be like anything. That would be a terrible contract. Possibly "criminal."

Danny Garcia's purse was a $1.5 million on Saturday.

According to your numbers, who did Danny Garcia pay $150,000 to to train at their facility? What sparring partners made a total of $150,000 to spar with him? He didn't pay $150,000 to do anything before the fight.

Who are the managers and trainers who made 43 percent of his purses or roughly ($700,000 on Saturday)? Are you telling me his Dad made that? If so, you're wrong.

Anyone paying those types of percentages (and I know guys like Tyson did) are idiots.

Danny Garcia's purse was $1.5 million Saturday. He's been making a million dollars for a while. He can put huge chunks in tax-deferred savings. He's not paying anywhere near 35% in taxes. And he's not paying any managers/trainers nearly half. I'm sure his dad makes a nice salary. But he isn't making 43 percent.

Your figures are way off.

A boxer can pay his trainer and manager anything he wants. There's no set fee or percentage.

 

I posted this in the other thread on Garcia and Guerrero's purses.

People have a skewed idea of how much these guys are paying for trainers, expenses, etc.

Boxing is a global sport because it's cheap to participate. You need a pair of gloves and a mouthpiece. That's about it.

How much is it to train at the Wild Card Gym? $5 a day? For everyone? Something like that. And you can spar with the best fighters in the world.

Mike Tyson was notorious for giving Don King 30 percent ... and Horne and Holloway (his 'managers') 10 percent each ... leaving him with 50 percent.

Most boxers ARE NOT paying their "teams" 50 percent of their purses.

Angelo Dundee quit Leonard's camp because he wanted more money. Leonard was paying him a flat rate, regardless of whether he was making $100,000 or $10 million. Tyson went thru a host of trainers because, after Rooney, he wouldn't pay much for them.

Muhammad Ali notoriously made about 30 percent of his purses ... but he gave HALF of his purse to the nation of Islam right off the top, and he had an entourage of close to 20 people who would travel with him and they all lived for weeks (or up to a month) and exotic locales where he fought, and he had a full-time staff at his training camp.

Sergei Kovalev is one boxer who seems to have a bad deal. Based on published figures, he seems to be getting robbed by Kathi Duva and is only making a quarter of his purse. That may have been due to the language barrier when he first signed with her and she just took advantage of him.

Most fighters get the largest cut of their purses if they have a remotely decent deal with the people "they employ."

Roberto Guerrero isn't paying anyone half his purses. His team is basically him and his dad. Same with Garcia. There isn't much overhead on those teams. There aren't 30 guys walking to the ring with them. They aren't flying people in to spar.

 

That isn't bad. At least compared to Kovalev who took home the 25% of the purse against Hopkins

 

Kovalev might have the worst contract of any current top fighter. Expect him to sue Duva when that deal is over ... when he realizes how much he was gouged.

I can't believe more people aren't writing editorials about Duva and her ripping off Kovalev.

 

They get about 30-40%

Taxes take about 1/3
Manager/Trainer/Cutman etc take about 1/3

Boxer takes about 1/3

 

You're forgetting the ever present tax man who takes about 1/3

 

The tax man doesn't take a third of the TOTAL purse. The tax man is paid out of the remainder. Otherwise, you're paying everyone else's taxes, too.

You pay everyone whatever you agreed to pay them. They pay taxes on their earnings. You pay taxes on what you took home.

They're called "deductions."

And none of these guys are paying 33% in taxes. I don't know where people get that either.

 

In the legal field, so I'm somewhat credible.


Each promoter/agent/etc. will have a rate as you can imagine. From what I hear, the number is usually around 30% for the manager/promoter. Then the trainer and fighter discuss their rates. After everything, it would seem like around 50% goes to the fighter.

A lawyer for example, in Michigan, cannot take a contingent fee above 30% typically or it is unethical. That's what seems to be the standard in boxing.

 

All rates are negotiable. There is no managers union or promoters union that steps in and tells a guy he isn't paying his manager enough.

 

Idk if you are trying to disagree with what I said. I understand there is no union, I am telling you the norm because I am fairly familiar with sports/entertainment law.

When I said unethical, I didn't mean jail time. I meant what the norm is.

 

http://www.secondsout.com/ringside/...-protect-themselves-outside-the-ring-part-one
http://www.secondsout.com/ringside/...-protect-themselves-outside-the-ring-part-two

Two very good reads on this subject.