Haney PPV contract is for 45% net profit. So after Oscar pays everyone and everything else, does Haney get 45%. Other fighters negotiate Gross profit. Meaning they don't care what the Promotion company makes. So lets break this down. Fight sold 900k ( roughly) at $89 a pop. That is $80 Millions. Ryan takes 55% of that (gross), that leaves $45 millions. Oscar now pays himself, all the bills , you now get net profit. That $45 millions is probably close to $10 or $15 millions. Most people say it is near zero cause the promotor pays themselves as a cost to leave as little profit money as possible to avoid taxes. So Haney gets 45% of $15 millions. Which would be 6.7 Millions. Then Haney has to pay tax on that. Tax 40%. He takes home $4 million out of a PPV fight that grossed $80 million. And that is why he is suing ODLH. Cause Oscar is still tallying what the profit is minus expense. Bill Haney wants receipt for everything.
Andrew Ward to Haney “You aren’t paid what you think you are worth. You are paid what you signed” Lesson learned!
There is no way Haney is paying 40% on tax. If he is paying that then he is a moron. The reason so many boxers have they own promotions is to get around these taxes. Ffs, even Conor McGregor made a company for his fight with Floyd. I think a boxer could keep up to 80% of their purse if everything is done right.
Ward got paid really well when looking at his TV ratings and PPV sales. Chad Dawson: $1.3 million Edwin Rodríguez: $2 million Paul Smith: $2 million Sullivan Barrera: $1.85 million Alexander Brand: $850,000 Sergey Kovalev I: $5 million (plus potential PPV earnings) Sergey Kovalev II: $6.5 million (plus potential PPV earnings He probably made close to 25 mil during his career and likely kept at least half of that.
I got the 40% tax from Mickey Garcia. Might inlcude California state tax but tax is one thing you aren’t going to avoid. He was giving advice how what you need to pay and what a boxer should do to not go broke.
