Quote Originally Posted by Memphis View Post
This may very from contract to contract but as a ball park answer....


Do the after tax bods take a percentage of what's left after tax, or what's left when it's their turn in the queue?


For example, if Kovolev got 500k, paid say 250k tax he's left with 250k. Does the manager then take his 20-30% or whatever it might be, then the trainer take his 10-15% from what's left, or does the trainer take a 10-15% share of the 250k?


Kovolev has got to be worth 1 - 2 million per fight, if he's not getting that something is wrong. If Kovolev took home 125k from a 500k purse, he's done alright I reckon.
It's all based on the % of the main purse. If you make 100k and your manager's take is 20%, that's 20k.

From what I've read, I believe the manager/promoter usually takes 25% and trainer takes 10%. So let's say 45% is gone to taxes already, that leaves the boxer - the guy who's putting on the show and taking the risks - a 20% cut of the money, or 20k in Kovalev's case. And that's not taking into account any lawyer fees and the expenses incurred during the training camp - feeding a world class athlete for an intense training camp can't be cheap.

It's easy to see why guys get in such big tax trouble. Someone hands you a check for 1 million dollars and you think "oh my god, I'm rich" and you go out and start buying houses and fancy cars and jewelry, and then tax season comes and it's like "oh, by the way, you still owe the government 400k of that. Hope you didn't spend it all."