BoxRec

reggaereggae wrote:

punchoutsb wrote:

SenorPipino wrote:So what?
The guy still earned $500,000 for just 36 minutes of work. I should cry about that? How many of you make nearly that much in little over a half-hour?

If he's succesful enough and entertaining enough, then his purses will eventually escalate. But how much do you think he deserves now? He's still basically an unknown to the mainstream public.
Big purses come with widespread fame. He's a ways from that.

Not everyone is destined to make Mayweather or Pacquiao money, no matter what they accomplish.

And don't forget, there was a time when Mayweather bitterly complained about earning only "slave wages' with Arum and HBO.
He isn't complaining anymore.

I'm surprised you're posting in a Kovalev thread

Er it's actually $500,000 for a lifetime'so work... As you have to work for years to get to that position.

Anyway it's not a big purse for a unification against one of boxing's 'legends'.

It's still a lot of money for a guy who's basically an unknown commodity in the U.S.

I don't know that unifications matches carry much clout any longer, considering there's about 10,000 "world championships" out there. Fans seldom care about championships anymore.
It's the fighters name that counts and sells the match, not the belts he brings to the dance.

The Russian was definitely the "B" side in this match. Fans, even the casual ones, tuned in to see what would happen to the legendary Hopkins, not what was going to happen with Kovalev.

And despite his legendary status, Hopkins isn't exactly box office dynamite. He's too cerebral a fighter to consistently lure the mainstream crowd.
If he was a huge attraction, the bout would have been on PPV, and Kovalev's purse might have doubled.

reggaereggae wrote:

ReggieDiggs wrote:

reggaereggae wrote: Er it's actually $500,000 for a lifetime'so work... As you have to work for years to get to that position.

You could say that about anything. Takes years to become a doctor or a teacher. Hell it takes years to acquire the skills to man a register. You can't go from pooping in your diapers straight to making change for a $20 on a $5.25 combo meal.

The guy is getting paid $500,000 for getting in the ring & boxing for up to 36 minutes. Thats the bottom line. Any other time he puts into things to perform well in the ring is a task he is doing on a gamble for future earnings more than this payday as his performance for $500,000 check could decrease or increase his possible earnings for his next bout.

Well however you weigh it, it's only 1% of what that boring, safety first 154 lb turd Gaywether earns and that cannot be fair to the boxing fan's mind.

Thats mature.

Economics is about more than a safety first attitude or a I don't give a f#ck attitude for that matter. The bottom line here is more people are willing to pay more to see Floyd fight than Sergey. As Floyd ages & more people become aware of Sergey maybe that changes. Who knows.

Training camp is like homework. It's just preparation. You don't get compensated.

And he isn't gonna get much sympathy for me, taking home $125,000 for 30 odd minutes of a performance which is probably 3 times more than a comfortably living single person makes working 2,000 hours over the course of a year.

He's obviously being paid to show up and fight, but training is an integral part of a world class boxer's career that takes up numerous hours, can be costly, and eliminates many other economic opportunities, as is the case with the hours of press work. Kovalev's career prospects hugely depend on how he performs, and hence his time outside the task he's paid for is far more important to his career than is the case for most people. If he doesn't put hours into his preparation nearly every day he could fail to make weight and have his purse reduced and his belts stripped, which would likely reduce his future purses; he could start performing poorly and hence make less money because he's not as valuable as a fighter; and he could very likely end up in a position where he's making little money boxing and must find other work, which would likely not pay very well if he doesn't have relevant work experience.

Thus, while he is getting paid to fight and not to train, it's a bit simplistic to act like his economic opportunities outside fight night aren't constrained by the economics of the sport and other factors.

He needs to fight in Europe.....maybe sign with K2 or maybe K2 could buy him out of his current contract, but at the same time it looks as

if his dream is to live in the states. Who is advising Kovalev? He has a good trainer but his financial advising SUCKS!!!!! They would love

him in Germany and the UK.

Boxing Prospect wrote:I wonder if he's "in debt" to his manager who I think paid him an allowance instead of purses early in his career

He was definitely in debt to his manager befoore. I think his previous fight was the first one he actually got any money worth mentioning. In any case, his manager and/or promoter seem to be robbing him and/or doing a bad job caring about his interests.

He should stop being a dummy and start demanding a fair pay.

Didn't Klimas pay for virtually all his expenses during much of his pro career? I don't know their deal, but I can see why Klimas would think he'd now deserve a big cut of Sergey's purses if that's true.

Edit:

http://www.BS.com/kovalev-went ... ars--83935

"My manager, Egis Klimas, paid for my opponents, for my food, for my rent, for my hotels, for my tickets, --for everything," Kovalev said. "He invested a lot of money into those three years."

bnovelist wrote:Sad.......Pathetic.... :(

500K purse and 50% had to go to taxes then after camp fees this is all he's left with DAMN!!

He puts on a the best performance shown against Hopkins EVER and this is all the man takes home

that it insane no way they could get away offering Mayweather crap purses like that

I truly believe in this world, the way people normally operate you have to be very assertive and

basically a jerk with very little feelings to really get by! The asshole Mayweather because he's an

ass....gets 40million-50million paydays. Judge Judy the rude and very obnoxious TV judge takes

home 30million dollars a year. Simon Cowell the little rude, arrogant, and brash reality star

took home a WHOPPING 90million dollars in 2013. Being nice and all mild mannered gets you

nowhere in this world..... The best light heavyweight in the world many believe has to get a

mortgage because he can't afford cash. Amazing....

http://www.fightnews.com/Boxing/kovalev ... use-271844

Its why duva loves him so much.he's a simple gentleman peasent from Russia.he can be screwed.I bet she hasn't even told him to get an accountant.any idiot could tell him how to avoid that tax

crusader wrote:Didn't Klimas pay for virtually all his expenses during much of his pro career? I don't know their deal, but I can see why Klimas would think he'd now deserve a big cut of Sergey's purses if that's true.

Edit:

http://www.BS.com/kovalev-went ... ars--83935

"My manager, Egis Klimas, paid for my opponents, for my food, for my rent, for my hotels, for my tickets, --for everything," Kovalev said. "He invested a lot of money into those three years."

That is true, but all those expenses should have been covered by now if Kovalev was managed correctly. Not that he was living in a mansion and driving Bugatti.

I guess it depends on what his purses were. It seems like Klimas forked out a lot of money and was paying nearly all of Sergey's expenses for three years, so I can see why he'd want a large portion of Sergey's earnings once he was getting paid. Obviously there are other possibilities though and the small cut may have less to do with Klimas than with other parties.

Whatever the reasons and excuses ya'll can come up with is total rubbish in my eyes...the way I view things.

I'm looking at it from a POV that "Krusher" truly is the number 1 UNO KO artist currently in a sport that generates millions and millions per

years and him taking home 125k is absurd and very disturbing...... :( :( :( :( :( :( :(

I personally havn't met "Krusher" but man that's some f@cked up stuff man he has apply for a mortgage in middle class area. Someone

please advise this man that he needs to sign with a euro management team the euros wills appreaciate his calm personality and demeanor

way more tha americans ever will. What is he doing campaigning in the US???? Same for GGG he will as well have small purses....

Seems like the Klits and Froch are the smartest financially. You know this current crop from Europe.

crusader wrote: He's obviously being paid to show up and fight, but training is an integral part of a world class boxer's career that takes up numerous hours, can be costly, and eliminates many other economic opportunities, as is the case with the hours of press work. Kovalev's career prospects hugely depend on how he performs, and hence his time outside the task he's paid for is far more important to his career than is the case for most people. If he doesn't put hours into his preparation nearly every day he could fail to make weight and have his purse reduced and his belts stripped, which would likely reduce his future purses; he could start performing poorly and hence make less money because he's not as valuable as a fighter; and he could very likely end up in a position where he's making little money boxing and must find other work, which would likely not pay very well if he doesn't have relevant work experience.

Thus, while he is getting paid to fight and not to train, it's a bit simplistic to act like his economic opportunities outside fight night aren't constrained by the economics of the sport and other factors.

Of course, but that is the gamble anyone takes when trying to get from point A to point giant bag of money. Sergey is no different.

ikorolev wrote:

crusader wrote:Didn't Klimas pay for virtually all his expenses during much of his pro career? I don't know their deal, but I can see why Klimas would think he'd now deserve a big cut of Sergey's purses if that's true.

Edit:

http://www.BS.com/kovalev-went ... ars--83935

"My manager, Egis Klimas, paid for my opponents, for my food, for my rent, for my hotels, for my tickets, --for everything," Kovalev said. "He invested a lot of money into those three years."

That is true, but all those expenses should have been covered by now if Kovalev was managed correctly. Not that he was living in a mansion and driving Bugatti.

Rent, food, hotels, tickets ain't cheap. in particular when its 3 years worth of it. And I imagine the opponents aren't either although I would hope some of that would be offset if not all of that would be offset cuz that helps Egis as well as Sergey.

This doesn't seem fair, Kovalev should have made at least $1 million from HBO for a unification fight for 3 belts.

HBO paid Andre Ward $1.7 mill to face a fringe contender in his last fight.

Andre Berto used to make well over a million to face journeymen like Freddy Hernandez.

Believe it or not with my personality at the multiple gyms I frequent I have the hot chicks throwing themselves at me at any given day...

Has everyone else missed this gem from bnovelist?

ReggieDiggs wrote:

reggaereggae wrote: Er it's actually $500,000 for a lifetime'so work... As you have to work for years to get to that position.

You could say that about anything. Takes years to become a doctor or a teacher. Hell it takes years to acquire the skills to man a register. You can't go from pooping in your diapers straight to making change for a $20 on a $5.25 combo meal.

The guy is getting paid $500,000 for getting in the ring & boxing for up to 36 minutes. Thats the bottom line. Any other time he puts into things to perform well in the ring is a task he is doing on a gamble for future earnings more than this payday as his performance for $500,000 check could decrease or increase his possible earnings for his next bout.

You definitely have to Count the Training camp time towards the working hours. I would not agree that it is the earning of a lifetime (because anyone has to get some education) but the Training camp time is definitely working hours.

still that is good Money but considering he only can fight 3 times a year which means he will make less than 400K a year (and probably less because the next fight against some random guy he might make less). that is good Money but don't Forget he can't box his whole life, he is already like 30 and might have 4-5 good years left.

however of course boxing is Entertainment and if you want to make Money you Need to attract fans and kovalev probably will improve in that department too.

not anyone can make as much as mayweather, pacquiao or klitschko, but if he keeps winning his purses will increase.

ReggieDiggs wrote: Rent, food, hotels, tickets ain't cheap. in particular when its 3 years worth of it. And I imagine the opponents aren't either although I would hope some of that would be offset if not all of that would be offset cuz that helps Egis as well as Sergey.

I believe that Kovalev lived in pretty cheap appartments. In an interview (I believe it was about a year ago), he was saying that he wasn't sure if he would stay with Jackson, as he wasn't getting enough sparring. Klimas didn't spend too much money on him.

ikorolev wrote:

ReggieDiggs wrote: Rent, food, hotels, tickets ain't cheap. in particular when its 3 years worth of it. And I imagine the opponents aren't either although I would hope some of that would be offset if not all of that would be offset cuz that helps Egis as well as Sergey.

I believe that Kovalev leaved in pretty cheap appartments. In an interview (I believe it was about a year ago), he was saying that he wasn't sure if he would stay with Jackson, as he wasn't getting enough sparring. Klimas didn't spend too much money on him.

I assume he meant paying extra for his opponents for his actual fights in the ring not sparring partners which I've heard managers doing from time to time. Sparring partners will add up to though, cuz you gotta spar & as you get better you should get better guys to spar with. Sergey was basically like a human small business in the money that got put towards him getting where he is at now And it sounds like it was 3 years worth of it. 3 years is a long f#cking time to pay for virtually everything lifestyle wise PLUS all the stuff going into making a guy a world class fighter. He definitely put a lot of money in the guy.

Just doing some guesstimation I'd say just for his basic expenses over 3 years it'd be around $43,200-$63,800. Lets say his rent/utilities are $800-$1,200 a month & his basic food/personal items are $400-$600 a month. Thats $28,800-$43,200 for rent/utilities & $14,400-$21,600 for food/personal items over 3 years. Thats not counting paying his pro opponents more to entice them into fighting Sergay, sparring partners & training expenses, hotels, plane tickets, doctor visits & all the other sh!t one would need. I'd imagine all told this is $200,000+ easssssy.

Breaking News

Man earns 5 times the average worker's annual salary (US) to beat someone up ...

ReggieDiggs wrote:

crusader wrote: He's obviously being paid to show up and fight, but training is an integral part of a world class boxer's career that takes up numerous hours, can be costly, and eliminates many other economic opportunities, as is the case with the hours of press work. Kovalev's career prospects hugely depend on how he performs, and hence his time outside the task he's paid for is far more important to his career than is the case for most people. If he doesn't put hours into his preparation nearly every day he could fail to make weight and have his purse reduced and his belts stripped, which would likely reduce his future purses; he could start performing poorly and hence make less money because he's not as valuable as a fighter; and he could very likely end up in a position where he's making little money boxing and must find other work, which would likely not pay very well if he doesn't have relevant work experience.

Thus, while he is getting paid to fight and not to train, it's a bit simplistic to act like his economic opportunities outside fight night aren't constrained by the economics of the sport and other factors.

Of course, but that is the gamble anyone takes when trying to get from point A to point giant bag of money. Sergey is no different.

Sergey is different than most others in that his performance during the task he's paid to do has a disproportionate impact on his career. That leads to training camp and its great demands, which as I mentioned occupy significant time, can be emotionally and physically draining, and limit his other economic opportunities. I understand your point, but I think the "x dollars for only 36 minutes" is misleading and depicts a more desirable situation for the boxer than is the case; I think one could make a good argument that most people have it better than Sergey in the sense that their careers aren't so vulnerable to dips in performance and their time outside the task they're paid for is far less relevant to that performance, meaning they can use it without facing the same threat of economic loss.

crusader wrote:

ReggieDiggs wrote:

crusader wrote: He's obviously being paid to show up and fight, but training is an integral part of a world class boxer's career that takes up numerous hours, can be costly, and eliminates many other economic opportunities, as is the case with the hours of press work. Kovalev's career prospects hugely depend on how he performs, and hence his time outside the task he's paid for is far more important to his career than is the case for most people. If he doesn't put hours into his preparation nearly every day he could fail to make weight and have his purse reduced and his belts stripped, which would likely reduce his future purses; he could start performing poorly and hence make less money because he's not as valuable as a fighter; and he could very likely end up in a position where he's making little money boxing and must find other work, which would likely not pay very well if he doesn't have relevant work experience.

Thus, while he is getting paid to fight and not to train, it's a bit simplistic to act like his economic opportunities outside fight night aren't constrained by the economics of the sport and other factors.

Of course, but that is the gamble anyone takes when trying to get from point A to point giant bag of money. Sergey is no different.

Sergey is different than most others in that his performance during the task he's paid to do has a disproportionate impact on his career. That leads to training camp and its great demands, which as I mentioned occupy significant time, can be emotionally and physically draining, and limit his other economic opportunities. I understand your point, but I think the "x dollars for only 36 minutes" is misleading and depicts a more desirable situation for the boxer than is the case; I think one could make a good argument that most people have it better than Sergey in the sense that their careers aren't so vulnerable to dips in performance and their time outside the task they're paid for is far less relevant to that performance, meaning they can use it without facing the same threat of economic loss.

Like I said its misleading for everyone than. A doctor gets paid to handle patients BUT he can likely earn more money by researching, improving his techiniques & just doing more learning on his own to increase the amount he can make at some undetermined future date or he may never be able to parlay that into a bigger income. Hell a mfer who works at a circus gotsa work on his juggling game too or sword swallowing game, but he's only getting paid when he does it in front of people. You can make it sound like as big a task & challenge as you want, but I don't think this is that unusual a thing brother.

39.6% federal tax rate. 8.97% New Jersey.

Like I said its misleading for everyone than. A doctor gets paid to handle patients BUT he can likely earn more money by researching, improving his techiniques & just doing more learning on his own to increase the amount he can make at some undetermined future date or he may never be able to parlay that into a bigger income. Hell a mfer who works at a circus gotsa work on his juggling game too or sword swallowing game, but he's only getting paid when he does it in front of people. You can make it sound like as big a task & challenge as you want, but I don't think this is that unusual a thing brother.

Even if it's misleading for everyone it doesn't mean it's misleading to nearly the same extent. You seem to lump all work together but there are very different factors involved that lead to different costs, benefits, and risks, and which make a standard hourly wage more desirable in certain ways to a boxer's per fight payment.

A doctor could just keep seeing patients, do nothing outside his time in the office, yet maintain his income with little threat of it dropping significantly. The costs of him maintaining his income are thus nowhere near the costs someone like Kovalev has to maintain his, and hence the doctor's time outside what he's paid to do can be used more freely without the economic threat that Kovalev faces if he doesn't spend hours training. I'm not sure of the time jugglers must spend practicing if they want to master their routines, but even if it was 4-6 hours a day 5-6 times a week as is the case with many boxers, do most careers depend so heavily on that level of preparation?

Due to the economics of the sport a boxer's earnings are far more contingent on their performances than most people's earnings are and hence call for them to use much more time and effort for preparation. If a boxer loses a fight because they were out of shape due to not training enough, their purses could go from enough to live comfortably on to not enough to support themselves. If your standard 9-5er does nothing but watch TV when they get home it probably won't make a massive wage cut anywhere near as likely, and even if there is some sort of training involved in their jobs I doubt it rivals that which generally must be exerted by a world class boxer to avoid a reduced income based on failing to make weight, giving a poor performance, or not obtaining a certain result.

Thus, I think the "oh wow, $__ for only half an hour, he's so lucky' type of lines are exceptionally misleading and depict a far more favorable situation for the boxer than is the case.

crusader wrote: Thus, I think the "oh wow, $__ for only half an hour, he's so lucky' type of lines are exceptionally misleading and depict a far more favorable situation for the boxer than is the case.

Of course he's lucky. There are plenty of guys who put in the same hours as he does, but are less talented, who make $5,000 a fight or less.

lol & I don't see how you don't connect the dots here. He gets paid to fight. He needs to practice to be good in his fights. Anyone in the entertainment field has a similar situation going on no question. Wayne Newton doesn't just sing when he goes on stage. He's practising all year round & doing things to make sure his voice is as good a shape as it can be in. Lebron ain't just playing basketball games on TV. And that goes all the way down to any in a competitive business...again without question. The guy who's not practicing is the guy who's not making as much money as he could or could even be getting put out of business.

ReggieDiggs wrote:

crusader wrote: Thus, I think the "oh wow, $__ for only half an hour, he's so lucky' type of lines are exceptionally misleading and depict a far more favorable situation for the boxer than is the case.

Of course he's lucky. There are plenty of guys who put in the same hours as he does, but are less talented, who make $5,000 a fight or less.

lol & I don't see how you don't connect the dots here. He gets paid to fight. He needs to practice to be good in his fights. Anyone in the entertainment field has a similar situation going on no question. Wayne Newton doesn't just sing when he goes on stage. He's practising all year round & doing things to make sure his voice is as good a shape as it can be in. Lebron ain't just playing basketball games on TV. And that goes all the way down to any in a competitive business...again without question. The guy who's not practicing is the guy who's not making as much money as he could or could even be getting put out of business.

He's fortunate that he's getting paid well, but I don't think he's anywhere near as fortunate as he would be if here were being paid the same amount for a 36 minute task not linked to boxing's restrictives economic conditions. With the way some people are wording it, you'd think he could lounge around before the fight, show up, take the money, and not face a damaging, possibly destructive, impact on his career. There are certainly other fighters who put in a lot of time, though I doubt most train like Kovalev, for much smaller rewards, but that doesn't make my points any less valid and if someone were to say' Wow! $5000 for 30 minutes" I'd also think that was generally quite misleading.

Your second paragraph doesn't really impact my argument either, because all you're really saying is that other people's earnings are impacted by their preparation, which is obviously true. My point is that the people who pursue these careers, especially those whose earnings depend on hours per day of preparation, incur great costs and have their economic opportunities limited outside the tasks they're paid for in ways that most people who get paid a standard salary don't. As I've said repeatedly, with someone like Kovalev his earnings are far more contingent on his time outside what he's paid for and he stands to lose a much greater proportion of his income if he doesn't spend a large amount of that time training, which is typically physically and mentally draining. Hence, 'wowowowo $__ for only 36 minutes' is exceptionally misleading in terms of how good of a position he's in.

crusader wrote:

ReggieDiggs wrote:

crusader wrote: Thus, I think the "oh wow, $__ for only half an hour, he's so lucky' type of lines are exceptionally misleading and depict a far more favorable situation for the boxer than is the case.

Of course he's lucky. There are plenty of guys who put in the same hours as he does, but are less talented, who make $5,000 a fight or less.

lol & I don't see how you don't connect the dots here. He gets paid to fight. He needs to practice to be good in his fights. Anyone in the entertainment field has a similar situation going on no question. Wayne Newton doesn't just sing when he goes on stage. He's practising all year round & doing things to make sure his voice is as good a shape as it can be in. Lebron ain't just playing basketball games on TV. And that goes all the way down to any in a competitive business...again without question. The guy who's not practicing is the guy who's not making as much money as he could or could even be getting put out of business.

He's fortunate that he's getting paid well, but I don't think he's anywhere near as fortunate as he would be if here were being paid the same amount for a 36 minute task not linked to boxing's restrictives economic conditions. With the way some people are wording it, you'd think he could lounge around before the fight, show up, take the money, and not face a damaging, possibly destructive, impact on his career. There are certainly other fighters who put in a lot of time, though I doubt most train like Kovalev, for much smaller rewards, but that doesn't make my points any less valid and if someone were to say' Wow! $5000 for 30 minutes" I'd also think that was generally quite misleading.

Your second paragraph doesn't really impact my argument either, because all you're really saying is that other people's earnings are impacted by their preparation, which is obviously true. My point is that the people who pursue these careers, especially those whose earnings depend on hours per day of preparation, incur great costs and have their economic opportunities limited outside the tasks they're paid for in ways that most people who get paid a standard salary don't. As I've said repeatedly, with someone like Kovalev his earnings are far more contingent on his time outside what he's paid for and he stands to lose a much greater proportion of his income if he doesn't spend a large amount of that time training, which is typically physically and mentally draining. Hence, 'wowowowo $__ for only 36 minutes' is exceptionally misleading in terms of how good of a position he's in.

I think people inherently know that a basketball player, a boxer, a singer or anyone is a particular field of entertainment is putting in more time than the time the public sees them perform. I think its a fun lil number to bring up or its a fun lil thing to discuss like back in the day when people would say they'd fight Mike Tyson for $1,000,000 or $50,000. Obviously you just don't go from a random guy to the heights of most of the people making this impressive amount of money without putting in your time.