Quote Originally Posted by rjj tszyu View Post
Quote Originally Posted by DaxxKahn View Post
These guys do not make the money everyone thinks...Only the mega stars do...and after all is said and done they do not go home with what you think..

EG- A fighter makes a $1,000,000 payday to challenge for a world title...at the end of the day this is how it gets broken down

$1,000,000
$225,000--Taxes (Appx)
$200,000--Manager (going rate is 20-25% if they are legit but allowed up to 33 1/3 by law and some take all 33 1/13)
$50-$75,000 trainer
$100,000 for people employed at camp, sparring partners, expenses, hotel's etc
$100,000 fee by the sanctioning body to keep the belt.

$225,000
$200,000
$100,000
$100,000
$75,000
-----------
$700,000 Comes to appx leaving a grand total of

$300,000 to the fighter.....

Now remember during this time the mans bills at home need paid rent, car payments, mortgage, credit cards, food, clothes, etc plus if he has children and what ever bills already accumulated

Also that he will not fight again for another 6 months at least....
Add any medical bills from the fight EG- he needs stitches after the fight at the ER, follow up with Dr for removal, any specialist to examine the eye, plastic surgeon, eye doctor and you have another $10,000

By time all is said and done the man has about $50,000-$100,000 dollars left to himself to do with as he wishes....

put some in the bank spend some on a shopping spree, maybe a vacation with the family there goes another $25,000...you have an accountant to do your books that is another 10,000 a year in expenses, to invest it takes time for a return, if the investment does not pan out there is no return.....

Taxes again at the end of the year on house, cars etc (Yes like in Monopoly there is such a thing as a luxery tax)..

The Million is already gone....

Make $2,000,000 double the expenses of taxes trainers, mgrs etc


Not hard at all to see these guys go broke unless they are very wise with their money..they open resturants and such
These are all good points but these questions were aimed more at the Tyson's and Holyfields who were making $15-$20 million a fight minimum not really your fringe title challengers.
Yeah well most fringe title challengers don't make a million for the challenge but anyhow.......EG- Carlos Baldomir only kept one of the titles when he beat Judah because he could not afford the sanctioning fees....Was more then his purse

With that being said....You sound as if you are being a wise ass and I can tell with the way you are posting....

So I will educate you.....

1. The Million dollar amount I used was simply for math sake to make it an easy example.

2.I see you have no IDEA on what the United States goverment charges on penalties for over due Taxes....The penalty on 25 million can be 10 million alone

3. I also said that you take the amount (Million) and double, triple it etc according on how much the purse is so either way the % comes out the same....yeah I know you will say "But even though if they get $50,000,000 after all is said and done that is still $50,000,000 they blew"

The you have one tax audit....They seize property...you have a $5,000,000 home you still owe $2,000,000 on...they auction it off for $50,000...you have $20,000,000 in taxes owed and $5,000,000 in penalties...That is $25,000,000

well now you only owe,

$24,950,000.

They take the rest from your money in the bank or what ever have you....Not that anyone has 50 mil in savings not even billionaires it is all in asset's

Plus the $3 mil still owed on the house

Taxes due again for the current year

Starting to get the idea?