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I hear all the time about who wins the bid etc.
but say Fighter X is fighting against Fighter Y in a much anticipated match-up
what happens money-wise at that point. Do promoters bid on the total monies
alloted to both fighters, then from there, they divy up the money by negotiation
to each fighter?
I think what happens when Don King is involved is that he stuffs his briefcases with as much cash as he can.
What he can't fit in he then gives to his boxer.
It's called a purse because that is all that is needed to fit all their winnings in ^-^
Good question Killer, i wonderd about this a while ago. Dont really get it when they say the fight has gone to purse bids.
What is that? Like an auction of some sort ??? And how are things affected if the two fighters in question are signed to seperate camps?
Me, confused, very!
Read this article and it should all become clear ;)
http://www.secondsout.com/usa/colhau...cs=208&cs=3828
great article.....Don King is the devil of douchebags.......Quote:
Originally Posted by Fenster
Not far from the truth at all.... ;)Quote:
Originally Posted by Jimboogie
Purse bids only occur if the fighters cannot work out an aggreement themselves. The percentages in the purse bid is determined by the alphabet group that demanded the fight.
Doesnt this tell you a little bit about the state of boxing when even purists like killersheep with his fantastic sports book dont understand the complexity's of the sport ....... Hell i know i dont.
Exactly. Any promoter can put in a bid for any fight, but usually it is just the two promoters of each fighter.Quote:
Originally Posted by lance Uppercut
On the day the bids are due, each bid is opened and the highest bid wins the fight.
Depending on the santioning body the final bid is split between the 2 fighters. Most champions fighting a mandatory challanger get a 75/25 split.
So its only the promoter that puts the money up... That explains why they get the biggest cut.
Dela Hoya must be laughing his rich a$$ of! :o
Well in a Floyd Mayweather Jr. fight the boxing purse works like this.'
Floyd runs away from his opponent round after round and then gayley swings his purse at him every now and then to try and swat him with it. Thats how a Mayweather boxing purse works.
There are several ways to work them...It seems that they change the more time goes on and boxing gets more and more commercial...But here are 3 of the top ways
1. Flat fee EG. 1million win or lose...then stipulations are often added....EG promoter pays excess expenses and fighter pays his camp....or 1 million and fighter is guarenteed at least x amount of it...usually the champion is given such options
2.Sliding pay rate...I know sound weird....but here is how it works again it usually favors the champion or bigger draw...
opponent is guarenteed 1 mil...champion will take less but no less than 750,000 but get percent of gate or in todays world PPV buys if they exceed certin amount...sometime it can triple a purse
3.One fighter is guarenteed X the other Y...One takes X and gets to choose advantages EG ring size...gloves...again that usually favors the champ or popular fighter....
There is a lot more detail to go into but I am just giving the basic's
Purse bids and such are those details I won't get into because you could write for hours..things like that are usually for stuff like title shots and ranking and favor only the promoter in the long run