Does any one know the breakdown of a boxers purse?
Does any one know the breakdown of a boxers purse?
anyone??
Managment 25% coach 10% Boxer is left with 65%. Personally I think the manager gets to much
Pain lasts a only a minute, but the memory will last forever....
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Trainers get a huge chunk of that percentage tho. Especially if they are legends like emanuel steward, then you got the nutritionists, sparring partners payroll, publicists, translators, prostitutes, financial advisors(Shelly Finkel gets a big asss piece of the pie), blood sucking entourages, corner men, cut man, hype man, best man, men paid to hold the belts, water bottle man, moral support man, babys mamas, paying Lance Bass not to come out the closet and ruin your career: PRICELESS!
if a boxer gets 1 million, 25% goes to manager, 10% to trainer, if he's got a promoter he'll take a slice, training expenses sparring partners, bla bla bla, then after all that the tax man takes his cut which in the uk is 40% of whats left so from 1 million the fights left with about 250k-300k
But then if the manager only takes 10% and he is doing your promotions and the trainer takes between 5-10% then the corner get around 3%, will that work, if not then why? And don't the tax get taken before you actually get your purse? I'm asking this because I want to be boxer and I read that when Bernard Hopkins fought Jones Jr he got 700k and after everyones cut he was left with barely 50k
which scared me.
It really depends on how successful a fighter is and how binding his agreements are as he becomes more marketable. Hopkins is a bad example because he is at the end of his celebrity career and very high maintenance.
Because professional boxing has had a history of corruption, laws in the US were passed to protect the fighter from being screwed over. Many fighters use a manager some don't. To make a valid contract with a manager, it has to be signed in front of the commission and with a maximum of 33% that can go to the manager lasting a maximum of 4 years. His percentage is really determined by your agreement. Some managers are good, others are crap. Just because there are rules doesn't mean everyone is going to following them. A criminal doesn't care about the rules because he is not bound by them. So in reality laws are not really protection, they only give you a means to seek retribution. Professional Boxing is a form of entertainment, and you can view your career similar to an entertainer, although it is a combative sport.
Yes but is it possible to have only 1 corner man who is also your coach and takes only 5-10% of the purse and then have 1 manager who is also is your promoter and takes 10-15% and he can also be your finacial adviser.
So say my purse was £10,000, takeaway 25% on manger and coach who also covers all the other jobs i have already mentioned. Then takeaway 40% on taxes leaves me to take home £4500. Is that correct?
Originally Posted by TheBESTP4P
you forgot bail money........ cc nice breakdown.....
P for P your not wrong, that made me smile. But its not always like that
Pain lasts a only a minute, but the memory will last forever....
boxingbournemouth - Cornelius Carrs private boxing tuition and personal fitness training
Im pretty sure the people holding the belts are friends/trainers/or family members.. if not then damn... ill do it for free! lolOriginally Posted by TheBESTP4P
how much does a promoter get? and what if youre manager is also your promoter like frank warren? and do you pay tax before you pay everyone else or after?
also does anyone know what a british heavyweight i.e a matt skelton or danny williams will make on average per BRITISH fight
I hear Danny Willimas got paid £15 and a Miss Millies family meal deal to fight Skelton. Of which he paid £1 to Jim McDonald for training expenses and £10 to Cameron balloons for his trunks.
When God said to the both of us "Which one of you wants to be Sugar Ray?" I guess I didnt raise my hand fast enough
Charley Burley
The deal with Frank, if he managed you was he took nothing if you boxed on his shows. plus you got top dollar for doing so. not sure if that still applys. He was always straight and honest in my dealings with him.
Pain lasts a only a minute, but the memory will last forever....
boxingbournemouth - Cornelius Carrs private boxing tuition and personal fitness training
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