1 Million for Broner and Mickey

[Jip]

I think Mikey banks a lot more than Broner once his 6 baby mamas and 7 kids have their cut

I predict Broner to be bankrupt within the next 10 years. That was his last six figure payday, expect him to be either a gatekeeper or incaserated from now on

Gambling, all these kids, end up broke fast.

Did they 1 mill each or combined?

[Jip]

He's going to do a 'Khan'
Wait too long for a ghost opportunity/ payday while becoming increasingly irrelevant.

Maybe him and Khan should fight each other

Good idea. Would be an entertaining fight billed as

"The battle of 2 boxers who think they are better than they actualy are"

[Enlightened-One]

1 Million for Broner and Mickey

Just thinking , it sounds a lot of money, but after expenses and tax how much do you think they bank at the end of the day?

Here’s my educated guess:

Gross Pay = $1,000,000

Then deduct expenses: =

• Manager (@ 33%) = $330,000
• Trainer (@10%) = $100,000
• Cutman (@2%) = $20,000
• Strength Conditioning Coach (@3%) = $30,000
• Sanctioning Fees (@3%) = $30,000

Net Pay Before Tax = $490,000

• Income Tax (@40%) = $196,000
• State Tax (@8.82%) = $43,218

Net Pay After Tax = $250,782

There might be other expenses to be deducted also, such as meals, flights, other travel, overnight accommodation, gym fees, entourage/security/sparring partners etc. that will reduce both tax liability and net pay, but I guess these amounts will typically vary per fight camp (i.e. no industry standard percentages).

The figures I’ve quoted might seem over-the-top, but if you consider that Sergey Kovalev claimed his net pay for the Hopkins fight was only $125K (from a gross purse of $500K), then you can understand the logic that I’ve used.

[Jip]

1 Million for Broner and Mickey

Just thinking , it sounds a lot of money, but after expenses and tax how much do you think they bank at the end of the day?

Here’s my educated guess:

Gross Pay = $1,000,000

Then deduct expenses: =

• Manager (@ 33%) = $330,000
• Trainer (@10%) = $100,000
• Cutman (@2%) = $20,000
• Strength Conditioning Coach (@3%) = $30,000
• Sanctioning Fees (@3%) = $30,000

Net Pay Before Tax = $490,000

• Income Tax (@40%) = $196,000
• State Tax (@8.82%) = $43,218

Net Pay After Tax = $250,782

There might be other expenses to be deducted also, such as meals, flights, other travel, overnight accommodation, gym fees, entourage/security/sparring partners etc. that will reduce both tax liability and net pay, but I guess these amounts will typically vary per fight camp (i.e. no industry standard percentages).

The figures I’ve quoted might seem over-the-top, but if you consider that Sergey Kovalev claimed his net pay for the Hopkins fight was only $125K (from a gross purse of $500K), then you can understand the logic that I’ve used.

Its devasting how less is left from 1 million.

Thats why boxer get broke. They hear 1 m and dont understand that career is limited and tax a moth:&:=*er...

[SaadOffTheDeck]

Nothing educated about 1/3rd going to the manager. Why would boxers be different than any other profession? I'm not sure what you do but I've made plenty of people more money than I make with my work. That's part of the world and why I work for myself these days. Even then, I still have to kick out 20% or so off of the top.

[chinarich]

Broner' big weakness is that he's not only dumb in real life he also has zero ring IQ...

[forcefraser]

Broner is a product of his environment. His idea of success is very different to that of your all American white happy days bounder.

I feel sorry for the guy. Imagine having to lead the life he does. Poor bugger.

[jockpunk]

I don't think Haymon takes 33% as a managers cut. I think it is much, much less than that. That said, I am not sure how the promoters are paid though with PBC.

[Mexi-Box]

I remember Berto saying that Gaymon was putting everyone in sink-or-swim fights. That they're going to start earning their big paychecks. Sounds like Gaymon is starting to weed out these dudes. I think it's much too late for this, and Gaymon will fall.

Also, Broner probably feels like an idiot since he refused Jay-Z's offer for big money; although, Jay-Z's promotion is also sinking. Only two names are Rigondeaux and Ward since he lost Cotto.

[lookingaround87]

He's going to do a 'Khan'
Wait too long for a ghost opportunity/ payday while becoming increasingly irrelevant.

Maybe him and Khan should fight each other

That's actually a great idea. It would generate plenty of interest. It would be an entertaining fight.

[Mexi-Box]

I don't think Haymon takes 33% as a managers cut. I think it is much, much less than that. That said, I am not sure how the promoters are paid though with PBC.

Someone actually gave proof of Gaymon's cut. They also leaked his contract. You can look all that stuff up yourself, though. In essence, Gaymon is running a scam promotion where he's paying himself. He'll likely take the money and run at some point.

[Mexi-Box]

He's going to do a 'Khan'
Wait too long for a ghost opportunity/ payday while becoming increasingly irrelevant.

Maybe him and Khan should fight each other

That's actually a great idea. It would generate plenty of interest. It would be an entertaining fight.

No, it'd be like Khan/Collazo. Boring, one-sided UD in Khan's favor. Horrific stylistic matchup for Broner.

[lookingaround87]

Maybe him and Khan should fight each other

That's actually a great idea. It would generate plenty of interest. It would be an entertaining fight.

No, it'd be like Khan/Collazo. Boring, one-sided UD in Khan's favor. Horrific stylistic matchup for Broner.

So we'd get to see Broner lose again - that's entertaining.

[Enlightened-One]

I don't think Haymon takes 33% as a managers cut. I think it is much, much less than that.

The industry standard manager share of a fighters purse is 33%, but according to Thomas Hauser, Al Haymon only takes a cut when their payday reaches a certain level and often only charges between 10% and 15% for his services… he’s also willing to pay his fighters their purses in advance (interest free).

This is part of the reason why so many fighters genuinely appreciate Al Haymon, because it’s been proven multiple times (even in court) that he really looks after them. Even Bob Arum complains about how overpaid they are, hence the reason why Top Rank is reluctant to pay PBC fighters their typical paydays in order to match them up against men from their own stable.

That being said, when a fighter’s purse exceeds $1m, Al Haymon is likely to deduct the standard fees for his services. So it’s highly-likely that Broner & Garcia paid 33% of their paydays towards managerial fees.

That said, I am not sure how the promoters are paid though with PBC.

The promoter is the producer of the boxing event – they don’t have a “fiduciary duty” to the fighters.

A promoter earns their money by promoting a fight card by creating interest in it, by maximising sales of tickets and television monies, whilst minimising expenses, such as the purses of fighters.

Promoters of contractually-tied boxers can also deduct between 20% to 25% of their fighter’s purse if they compete on another promoter’s card (i.e. Top Rank typically deducts 27% from their fighter’s purses).

[Kalan]

I don't really have a problem with AB as a fan. Boxing needs its pantomime villains. He also earns his dough the hard way. It wouldn't give me any pleasure to see him go bust. It could happen to any of us at the end of the day.

Yeah, but not all of us are jackasses that flush money down the toilet now are we?

He also once gave a homeless dude some money, then bragged about it on social media...naming the dude he gave the money to...which led to the poor bastard getting beaten up and robbed of the money AB had given him.

Like I said, I feel no sympathy for that asshole.

AB should have helped the homeless guy open a bank account. I did that a couple times when I gave homeless guys some money to get going. He needs to open a bank account if somebody hands him enough to buy clothes, a YMCA membership where he can shower, shave, clean up, and then go get a good meal in him... Next stop is the Department of Employment Development... You can't walk around skid row or anywhere else on the street with a big wad of cash in your pocket. Somebody might see AB give him that money so he needs to get his ass to the bank.

You may need a permanent address to open an account or a Y membership. A hotel is okay. A homeless guy might have just arrived from another part of the country on hearing about job prospects that didn't pan out. He'll have ID in that case. If he's been homeless for a while he might have nothing. Then he finds a shelter somewhere where somebody can council him as to a safe place to put his money. You have to allow for a homeless guy not being real swift. You have to help him. You don't just hand him a pile of money. Evening and night will fall and he's done nothing but feed himself.

[KiwiRider]

1 Million for Broner and Mickey

Just thinking , it sounds a lot of money, but after expenses and tax how much do you think they bank at the end of the day?

Here’s my educated guess:

Gross Pay = $1,000,000

Then deduct expenses: =

• Manager (@ 33%) = $330,000
• Trainer (@10%) = $100,000
• Cutman (@2%) = $20,000
• Strength Conditioning Coach (@3%) = $30,000
• Sanctioning Fees (@3%) = $30,000

Net Pay Before Tax = $490,000

• Income Tax (@40%) = $196,000
• State Tax (@8.82%) = $43,218

Net Pay After Tax = $250,782

There might be other expenses to be deducted also, such as meals, flights, other travel, overnight accommodation, gym fees, entourage/security/sparring partners etc. that will reduce both tax liability and net pay, but I guess these amounts will typically vary per fight camp (i.e. no industry standard percentages).

The figures I’ve quoted might seem over-the-top, but if you consider that Sergey Kovalev claimed his net pay for the Hopkins fight was only $125K (from a gross purse of $500K), then you can understand the logic that I’ve used.

Interesting breakdown.
I'm not up on American sposual and child support, what would you estimate the cost % coming out of the remaining $490,000 for 6 ex partners and 7 kids?
I have no idea. But I would presume it came out of the pre taxes amount.

[Grant]

1 Million for Broner and Mickey

Just thinking , it sounds a lot of money, but after expenses and tax how much do you think they bank at the end of the day?

Here’s my educated guess:

Gross Pay = $1,000,000

Then deduct expenses: =

• Manager (@ 33%) = $330,000
• Trainer (@10%) = $100,000
• Cutman (@2%) = $20,000
• Strength Conditioning Coach (@3%) = $30,000
• Sanctioning Fees (@3%) = $30,000

Net Pay Before Tax = $490,000

• Income Tax (@40%) = $196,000
• State Tax (@8.82%) = $43,218

Net Pay After Tax = $250,782

There might be other expenses to be deducted also, such as meals, flights, other travel, overnight accommodation, gym fees, entourage/security/sparring partners etc. that will reduce both tax liability and net pay, but I guess these amounts will typically vary per fight camp (i.e. no industry standard percentages).

The figures I’ve quoted might seem over-the-top, but if you consider that Sergey Kovalev claimed his net pay for the Hopkins fight was only $125K (from a gross purse of $500K), then you can understand the logic that I’ve used.

Wholy crap....thanks