Monday, May 7, 2012

Minimum Floyd Mayweather will make for fighting Miguel Cotto? $32 million

What can you buy for $32 million? Well, late Saturday night, after his bout with Miguel Cotto at the MGM Grand Garden has ended,Floyd Mayweather Jr. will find out. He will actually will find out what is like to earn $100 million because of the quarentee and the Pay per view that he will be living life better than he has been.

According to the Nevada Athletic Commission, Mayweather is quarenteed $32 million for Saturday's match for the World Boxing Association super welterweight championship, the largest guarantee for a boxer in history. Money Mayweather is the highest paid boxer ever. He knows how to draw a crowd and attention to get people to want to either see him win or people are watching, hoping that he loses but either way it draws the people to watch his fights and brings the money to him.

  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. What a dream to be able to earn that much money. He talks about being blessed and that he has been. He draws people in to watch him fight. Winning is his deal and making money is easy for him.

  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. He isn’t receiving nearly as much as Floyd Mayweather.

  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. Look at the differences in the money split between the 2 fighters. Floyd Mayweather definitely knows how to negotiate what he wants in a fight he takes.

  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. We don’t need to calculate that though because that isn’t realistic. Money is money and it doesn’t matter when it happens, it is still a lot of money.

  Both men easily made weight. Cotto weighed in on the number at 154. Mayweather weighed in at a career-high 151. It may have been a career high but he fights at whatever his weigh will be on fight night and he always makes weight by a few pounds.

  The two had a lengthy staredown, far longer than normal, and began jawing at each other but this is to be suspected when they stare down for a long time. Is this just a game and they are rewarding from it, definitely.

  At the MGM Grand sports book, Mayweather is now nearly an 8-1 favorite. This is actually very high since Cotto has the strength to win but will he?

 

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