Wondering how much money Floyd Mayweather Jr. will make on his Saturday night fight with Miguel Cotto? The Nevada Athletic Commission reports that Mayweather is guaranteed a cool $32 million, the largest guarantee for a boxer in history. But please note the word ‘guarantee’. In addition to the $32 mill, he can bring in even more by his share of the pay-per-view profits.
Golden Boy Promotions CEO Richard Schaefer explained:
“It’s the biggest guarantee ever in the history of the sport…Nobody ever had a guarantee bigger. Floyd is in a league of his own. I think that this shows it again.”
Leonard Ellerbe, Mayweather’s closest adviser, adds:
“This is just a testament to his star power….Floyd Mayweather is a one-man walking conglomerate. Of course, this is exciting. Over the last 12 months he is the highest-paid athlete in sports.”
According to ESPN, during an interview on Tuesday, he estimated that at the end of the day, he could make around $100 million. Meanwhile, Cotto is guaranteed $8 million, along with Pay-Per-View earnings. [ESPN, AP, Yahoo]