TIME TO CK IN ,,WHO'S WITH FLOYD MAYWEATHER ON THIS ONE ,,,,,WHAT ROUND YOU THINK HE IS GOING TO KO CanelO ;;;
DID YOU KNOW Floyd Mayweather puts his legacy and undefeated record on the line Saturday night when he steps into the ring against Saul “Canelo” Alvarez. Mayweather will receive a record guarantee of $41.5 million (Canelo is due $5 million) and is in line for a total payout millions more after all of the pay-per-view receipts are counted. In a 17-year career full of monster paydays, it will be the biggest one yet, topping the $45 million, including his share of PPV revenue, for fighting Miguel Cotto in 2012. Mayweather’s cumulative earnings will likely hit $350 million with the Canelo fight.
The huge payday is a relatively new thing in the career of “Money” Mayweather. He turned pro in 1996 after winning a bronze medal at Atlanta Summer Olympics and piled up 17 victories before getting a title shot in 1998 against Genaro Hernandez. Mayweather received $150,000 for the fight, which he won by technical knockout when Hernandez did not answer the bell for the ninth round. Mayweather purse guarantees did not hit seven figures for another seven fights when he defeated Diego Corrales in 2001.
Mayweather’s earnings remained in the $2-3 million range per bout over his next nine fights. Towards the end of that stretch, he had his first PPV fight against Arturo Gatti in 2005. His earnings jumped in 2006 when he fought Zab Judah and Carlos Baldomir in a pair of fights that drew a combined PPV audience of 700,000 and netted Mayweather roughly $13 million for the year. The year also marked Mayweather’s split from Top Rank and its chief Bob Arum. Mayweather’s earnings were limited as a fighter in the Top Rank stable and he would eventually start his own promotion company, Mayweather Promotions, to control the revenue streams of his fights. The transformation from “Pretty Boy” to “Money” had begun.
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Mayweather’s earnings soared starting in 2007 with his first eight-figure payday. His showdown with Oscar De La Hoya set the record for PPV buys with 2.44 million, which resulted in $132 million in PPV revenue. It is a mark that is potentially under assault Saturday night. Richard Schaefer, head of Golden Boy, which is co-promoting Saturday’s bout thinks the fight is on target to top the revenue record thanks to the increase cost of the high-def telecast with an outside shot at the PPV buy mark. “I have 2.6 million [PPV buys] in my mind. Records are meant to be broken,” he says.
Posted By: DAVID JOHNSON
Sunday, September 15th 2013 at 12:46AM
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