Floyd Mayweather Guaranteed $32 Million For Tonight’s Fight Against Miguel Cotto But After Pay-Per-View Revenues Roll In He Could Make Upwards of $100 Million!!!
Posted by Media Outrage on May 5th, 2012
Floyd Mayweather is about them dollars for real. He doesn’t step in the ring unless it’s major gwap being thrown his way and this fight along with a lot of his past bouts are nothing but a cake fest.
According to the Nevada Athletic Commission, Mayweather is guaranteed $32 million for Saturday’s match for the World Boxing Association super welterweight championship, the largest guarantee for a boxer in history.
That, however, is only a guarantee. Mayweather will also take home a hefty share of the pay-per-view profits and will make significantly more. No one is saying, but Mayweather said during an interview on Tuesday that it could be upwards of $100 million.
No doubt, that was hyperbole, but he’s going to be paid very well for risking his 42-0 record against the Puerto Rican star.
His guarantee surpasses the $30 million guarantee given to Mike Tyson for his 1997 fight with Evander Holyfield. Cotto is guaranteed $8 million, so the combined $40 million payouts are less than the combined $41 million given to Tyson and Holyfield. Holyfield earned $11 million for that fight.
Leonard Ellerbe, the CEO of Mayweather Promotions, couldn’t say how much more Mayweather would make, other than it is a lot.
This is the largest guarantee ever in Nevada. Ever. And where are the big fights held? In Nevada.
In pure dollars, Mayweather has the record. Adjusted for inflation, though, Tyson’s mark might still be the record. According to the Bureau of Labor statistics site, a $30 million payment in 1997 would equate to $42.9 million in 2012 dollars.
Both men easily made weight. Cotto weighed in on the number at 154. Mayweather weighed in at a career-high 151.
The two had a lengthy staredown, far longer than normal, and began jawing at each other.
At the MGM Grand sports book, Mayweather is now nearly an 8-1 favorite.
Mediaoutrage- That’s a lot of cake…that should make it easier for him to do his little 60 to 90 day bid come June.