do fighters pay trainers at the start?

Abel might have you just do chores around his house like that dude did in the Karate Kid.

 

For starters only good fighters or fighters that are promising go with the top 10 trainers (Abel being one of them)
I would imagine that fighters with the better amateur records get picked by the better trainers.

A good example being Errol Spence. Just 2 years ago it's safe to say he was making $5000 purses. He JUST started becoming profitable as his purse hit 6 figures in the Algieri fight. It's safe to say that his trainer was "investing" in Spence by training him without getting much money. The trainer develops a relationship with his fighter and they grow together financially. The risk is that with a smaller trainer the bigger names can scoop up the fighters when they show promise.

 

After you pay your trainer 10%

Your manager20-30%

Your sparring partners and training camp expenses

Federal income tax

State income tax

Sanctioning fees

Your own medical insurance

Your gym dues and boxing wear/gear


You might have enough left over for a meal at olive garden!

 

Managers don't get that much unless its Haymon.

 

Sounds about right

 

wilder who made 1.5 mill lets break that down its not much really

his trainer got 60,000

al haymon got 150 k

tax 700,000

state income tax 200

sanctining fees 100,000

medical insurance 40,000

sparring partners 10,000


wilder is left with about 300,000 lol

 

It's not that bad. Alabama state tax is only 5 percent, so that's only 75k and not 200k. So that right there leaves him 425 thousand.

That's 8 years of my income that he earned in half an hour, and Wilder can do that two or three times a year (when he's healthy). He's definitely gonna get one or two huge paydays before it's over.

It's not Mayweather money, but then again what else should he be doing? Coaching football at some highschool outside Tuscaloosa? Wilder, Fury, Joshua, these young guys are in a great place in life right now. If only we could get them to fight each other.

 

he most likely will spend that on expensive cars these guys are high maintenance thats the issue if they lived a normal life that money would be good

 

Why does the manager end up with almost as much as the boxer?

Eddie Hearn touched on this the other week in his interview with iFilmTV. If a boxer is smart and understands taxation, accounting, contract law and HIS own rights then he doesn't need a parasitic manager making tonnes off him.

A good manager should charge 10% or negotiate it in advance of every fight. All client-manager relationships should be non binding.

 

I guess guys like Arreola pays his crew with burritos and coronas?

 

Good point

If a boxer knows basic accounts and understands taxations he can save himself a lot of money but most fighters are not very smart and even if they are they are lazy and want someone to just deal with.

when the fighter goes into the promoters office to discuss a fight he always brings in his manager and just nods and signs without even really understanding whats going on

 

arreloa made i think 150k with all expensis he would be lucky to be left with 10 k

 

Correct me if im wrong, when a fighter shows promise and gets poached by a bigger name coach, the fighter will need to pay some kind of compensation right?
Let say, the fighter had a signed deal with his old coach, he must honor that deal right?

 

Fuck even having a manager.