ask Cotto what?? He gave up a guaranteed $13 million purse and an avenged loss to Pacquiao just to fight Floyd for less money... the only difference between Pac and Floyd situation is that Floyd has to foot the bill... in pacs case, Top Rank does all the leg work, Pac just fights and collects his money... There's no reason for Pacquiao to become a promoter
Cotto made the right move. That $13 million was just to get Cotto to sign back Top Rank. What was Cotto's purses before his contract expired? Well below $13 million, not even half I believe. He took the Mayweather fight for $8mil.+PPV rev. and the ability to start his own promotions company.
Doesn't want to promote? Foot the bill? I'll save this for later.
This really doesn't make any sense breh...@ this failed attempt to try to make a point and sound smart... For starters we don't know how much money 50 is making in the fight game so to say hes making more than Pacquiao is just foolish... I seemed to have touched a nerve when I said Sms promotions was biggee than Mayweather promotions.. I was referring to the stock SMS has over MPs, which is the fighters...
How many boxers does Pacquiao have in his stable? How much does he make from Promoting?
I can see you're simple so I'll break it down for you.. I never said 32 million has an expense dummy.. that doesn't even make sense.. i can tell you never took accounting..
But lets say Floyd has $100 million in the bank.. lets take the Cotto fight for instance... if Floyd has to pay $15 million to goldenboy for marketing.. has to pay the guaranteed purse of all the fighters on the card, which was about $10-13 million.. cover the cost of travel, production, bonds, licenses, venue rental, the event itself..... Michal Buffer correct me if im wrong makes $5 million a fight... he's already hit around 30+ million...
So now hes at around $70 million and the fight pulls in about $120 million in revenue
HBO and the cable companies get at least half of that leaving Mayweather with about $60 million... $70 +$60 is $130... so Floyd came up around $30 million, then uncle sam takes his cut leaving him with about a $20 million profit..
$20 million is still a lot of money, but all Pac has to do is fight, let Arum handle the business and promotion and he gets his $20 plus guaranteed purse
See how dumb you look. You did all that explaining just to prove Mayweather makes $20+ million that Pacquiao doesn't see.
Let Arum handle the business? That's his BOSS. He doesn't have a choice.
Since you like accounting, calculate this. If Floyd can guarantee $30+ million before PPV and Pacquiao's guarantee is $20-30 million with PPV, how much do you estimate Arum is getting?
