Floyd can't afford to NOT take this fight.

What are you talking about??? I used Tyson as an example because he didnt want to fight anymore, but had to because he had to pay his taxes. If Floyd REALLY didnt have the money to pay his taxes he too would have had to fight. Its not that difficult to understand. Very few of us would work if we didnt have to.

 

Two yrs ago he had a $6 mil 'robbery' which the insurers investigated..so maybe he was hoping to use that to pay off the tax.. I guess they didnt pay out.

So he came back out of retirement...And the tax on 10 mil is how much? then there's the penalty money to Marquez. The guy has also to pay for 10 people in his family.

So I imagine he has about zero in the bank right now

 

Wesley Snipes isn't broke. As I said, some people are bad with their money.

 

I don't think PBF is broke at all.

But...

the only thing that he values more than money is the ZERO defeat record. He actually does care about his legacy. This means he takes fights he can win, earn good money but try not to harm (or as much) his legacy.

This is why the Pac fight has been the most complicated for him. It means the biggest risk and the biggest payday. He is trying to navigate through it with the maximum benefit (thus the unusual request for USADA testing).

I think he believes if the Pac fight does not happen, he will take another fight ($8-14 mil pay day) that is far less riskier.

 

I think Mayweather probably felt he could replace his boxing income with other sources such as endorsements TV appearanes or acting.

He probably continued to live a lifestyle that caught up with him once he realized it wasnt sustainable without boxing.

The craziest thing is that this one fight could erase any possible debt hes incurred unless its completely out of hand, yet they teeter on losing this fight on a blood test.

Personally I would advise Mayweather to take the fight and get as close to an agreement on the testing as possible.

 

My comment was in reference to fighting Manny over someone else. Nothing to do with tax laws or going to prison or morons.

 

I never heard anything about any advance, only from *******s. But in any case, millionaire dont always have cash on hand. What Im saying is if he needed the money then there would have been a way from him to get it by fighting Oscar in which is was going to get 25 million + a percentage of the PPV's. Dont you think he would have took it??

 

Mayweather retired. He came out of retirement. He fought. He earned money. He paid off his tax bill.

 

Regardless of how much Floyd makes in any given year, when you take into account taxes, trainers, sparring partners, handlers, bodyguards, multiple homes, cars, private air travel, an entourage, children, extended family, etc, etc., he has an immense "burn rate". Floyd will absolutely need to keep fighting for a while.

To put things in perspective, let's make two simplifying assumptions - Floyd has no debt (unlikely) and he has has $20 million free and clear in the bank earning 3% after tax in a municipal bond fund (typically a very safe investment aimed at preserving principal and generating safe after-tax income). That is $600,000 per year after tax to live off or $50k per month. I bet Floyd's property taxes alone every month are over $5k. Then you have clothes, house maintenance, cars, insurance, food, and all the other stuff I described above. Believe me, he will keep fighting. He cannot retire until he is debt free, has massive savings and has his burn rate under control

 

Interesting.. What would that fight be??

Personally I think both fighters are in such question right now that fights with anyone besides them fighting each other are going to be greatly affected negatively by this whole situation.

I cant see Mayweather making 10 million for fighting Matthew Hatton.

 

Only in the mind of a *******..To most this would make very little sense. What I dont understand is Pac is the one that is running away from this fight and setting up another, while the Floyd camp is still tring to get it worked out. Saying that they can still work it out even if Arum isnt willing. But In pacland that means that Pac wants the fight and Floyd doesnt.

 

Floyd made $20 million with his WWE Wrestlemania thing. Who knows what he made for Dancing with the Stars and other TV appearances. Do the math haters. Pac's either on something or afraid. Stop blaming the man.

 

In hollywood eyes he is broke. He cant demand the fees he once was able to, therefore cant maintain the extravagant lifestyle he once led.

This is not to say the guy aint living comfortable. But he certainly aint as rich as he was in 1998.

 

Im not a ******* but I think Arum made a fair play on the whole issue.

He wants the NSAC to make the decision once both sides have presented their cases and would abide by that decision.

I believe Floyds side is being unreasonable by not agreeing to that.

 

Your right his overhead was outragous, he also has a failing record company. But what your missing is that NO ONE with 20 million + sets thier money in a venue for 3% yield. It would most likely be 25% in low risk or with your example 5 million getting him somewere around 5%. the rest would be in a much more progressive investment portfolio, that would earn upwards of 20%. In a bad economy its even has more value, with more banks offering better percentage at lower risks, because they need the capital.

The plan that you talking about is for people that have 2 or 3 million and very little overhead.