Do Boxers Pay their Trainers with their purses?

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BoxingIcon123
Light Heavyweight
Posts: 6
Joined: 02 Jan 2012, 01:37

Do Boxers Pay their Trainers with their purses?

Post by BoxingIcon123 »

So I have a question do Boxers pay their trainers and cut men with their money purses???

For example lets say a boxer gets a purse of about $$400,000 in a fight?

Does this mean he has to pay his trainers and cut men from the $400,000 or does the boxing promotion company pay the trainers meaning that when the contracts are present the promotion company pays the boxer's trainer and cut men.


I'm thinking that if my purse was $400,000 after taxes about 30% in taxes it will be about $280,000. I would then pay my trainer about $40,000 and cut men $30,000, which would leave me with about $210,000? I'm correct or wrong on this????
lefty
Light Heavyweight
Posts: 19821
Joined: 04 Feb 2012, 11:33

Re: Do Boxers Pay their Trainers with their purses?

Post by lefty »

This thread is insulting. I've never seen a boxer with a purse. A man bag perhaps but a purse?! C'mon now.
187
Middleweight
Posts: 404
Joined: 18 Jan 2014, 14:46

Re: Do Boxers Pay their Trainers with their purses?

Post by 187 »

lefty wrote:This thread is insulting. I've never seen a boxer with a purse. A man bag perhaps but a purse?! C'mon now.
I bet Nicola Adams has got one
lefty
Light Heavyweight
Posts: 19821
Joined: 04 Feb 2012, 11:33

Re: Do Boxers Pay their Trainers with their purses?

Post by lefty »

187 wrote:
lefty wrote:This thread is insulting. I've never seen a boxer with a purse. A man bag perhaps but a purse?! C'mon now.
I bet Nicola Adams has got one
That's a bloody good point and I dont have an adequate response to that .....
fightscorecollector
Light Heavyweight
Posts: 473
Joined: 20 Dec 2011, 12:07

Re: Do Boxers Pay their Trainers with their purses?

Post by fightscorecollector »

should the 400k not be divided like this


25% manager 100k

10 training team 40k

leaving 260k to the fighter to be taxed on.....you cant expect the boxer to pay all taxes on the outgoing percentages


with a high tax rate say 40%

the fighter will prob walk away with 180k tops after tax but could have expenses , tv money , sponsorship etc added to his money
Kingfield
Super Welterweight
Posts: 191
Joined: 24 Jul 2014, 16:30

Re: Do Boxers Pay their Trainers with their purses?

Post by Kingfield »

or sometimes the fighter just doesn't pay his team.
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