from a 2k payday how much does a fighter take home - EsNews boxing

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[@cliffordhill2365]

Now one can respect how smart Floyd is to cut out so many middle men!

[@Poop-sr9sn]

How does he do it?

[@cliffordhill2365]

General Suzuki, I don't know everything about Floyd's business operations, but here are 3 ways he does what you're asking about: 1) He is his own promoter, there is no Bob Arum or whoever that Floyd has to check with to accept a fight. 2) Some of the people in his camp are his relatives. Look in his corner and you'll see his father (Floyd SR.) and Roger (his uncle), people he can trust and who aren't robbing him financially. 3) He likely pays some people a flat fee or by project rather than hourly! Of course when you're as big as him it saves you time to have others doing certain things, so you can't cut everyone out. Hope this answer your question.

[@onlybetasgetoffendedbystri8030]

@@cliffordhill2365 Makes sense

[@cliffordhill2365]

Exactly! look in Floyd's corner and the people you'll see who aren't actually related to Floyd, have been around him for at least 10yrs or more and he has complete trust in them, they are as follows; Leonard Ellarby, Rafael Garcia (his cut man), and Mark Jones (he wears pads, etc so Floyd can do body work).

[@Clymax01]

If you haven't had a great amateur career If your not the son of a legend If you have zero political connections with a promoter Your gonna get paid peanuts for many years relying on ticket sales until you get a little tv time on someone’s undercard

[@Jrichgannon3]

Idk man. I have a friend who is a pro boxer with no amateur background and he's doing pretty well financially. See, but he actually went out and got sponsorships.

[@honorrollstudentjustin7376]

U sound dumb asl Rocky Marciano was 8-4 in amateurs

[@RosarioRodriguez420]

Vasily didn't have a Good amateur Record

[@lilkid8055]

@@RosarioRodriguez420 you ve got to be kidding me , he won more thn 300 amateur fights and lost only once

[@RosarioRodriguez420]

@@lilkid8055 im Trolling 😂

[@uv8pak]

USA 33% of $2,000 = $660 Mngr. 33% of $2,000 = $660 Trainer 10% of $2,000 = $200 Net Amount remaining for the boxer = $480

[@mellow412]

Managers are really suppose to get between 15%- 25% but people sign contracts that allow them more smh

[@b3at2]

mellow412 top ranks takes a whopping 30% thats why floyd left..

[@b3at2]

***** floyd left top rank ...and currently pays himself. golden boy co promote his fights/

[@mellow412]

JRLM and they did the same thing to floyd what Mikey Garcia is suing top rank for, and thats not fully disclosing their full fight purse to the fighter and withholding their funds by doing so which is very illegal

[@caseybv74]

The government is only going to tax the profits not the entire amount.So according the the math it would be 2000*.43=860, 2000-860=1140*.33=376.2 so take-home amount would be 763.8. It would also depend on the tax bracket.

[@HalfGladiatorHalfGeek]

Forgot 3% for cut man and 3% for the second trainer

[@joeywheeler7823]

How the hell those someone become a cut?

[@8ballskater123]

If I'm already paying money to fight at your gym every month, why do I need to give you money from my winnings on top of my monthly payments?

[@timothythomas7445]

True dude.

[@dudealbert11]

It only applies to professional fighter who have set coaches that train them individually. Plus theyre in your corner most of the time for advice as well.

[@fightsforrights9744]

@@dudealbert11 Correct, your trainer and manager should put the fighter in their best interest because if you lose they don't get a better future payment.

[@automotivegarcia1]

600$ not even enough to pay for food a month while training lol

[@elijah.akana24]

Ricardo Garcia most guys starting out still have day jobs.

[@onlyb6854]

I thought he said per round

[@paydaycandy]

Their math is way off. A fighter gets $2,000, he pays his manager 33%, pays his trainer 10%, sends them both a 1099 at the end of the year, and the fighter gets taxed 33% on the net income ($1,140). Fighter makes $763.

[@Altezza447]

33% is wrong depends at end years what income bracket he is in

[@CoelhoSports]

and 33% combined state + federal means you are making hundreds of thousands a year.

[@lazyfatferalcatchubby4996]

763 is not far off from their number of 600. Whooopdeeedoo and extra 163 bucks, what can the boxer do with that? Buy a used PS4 and some whey protein shake ?

[@PaperChasersAz]

In other words--- time to become a promoter, all that money for 0 risk, sounds like a winning situation

[@Mannypacquia0]

***** yeah exactly!!! lol shit your taking punches for basically little money, and the people who take less physical harm, and just about no risk and potential injury, are making more then the average boxer.

[@JeffPenaify]

Promoters take all the risk of the event itself, theyre responsible for everything from the staff in the venue to the type of cups used for drink, all expenses come out of pocket so if the event flops and you end up spending more than you made and lose money its a big burn. Theres a reason for promoters fighters just gotta be aware their interests are diametrically opposed but can be mutually beneficial.

[@JustMe-999a]

Promoters take a ton of risk. They can spend millions promoting a big fight

[@CoelhoSports]

ok, time to become a promoter then. you pay for the venue, ring and venue setup, event staffing, judges, ref, ring doctors, state commission, ring card girls, boxers, ambulances with paramedics required to be at venue at all times, insurance, promoters license and event promotions, overhead, print tickets, stage weigh in, all the time staging and promoting the event, all up front, before you make a dime off the event, if you ever make a dime off it. take out your calculator and add all the stuff up. now estimate ticket revenues and whatever other money you think you can make off a local event like that. now consider the event can get canceled at any time after most of this money is out the window and and all the ticket holders get refunds. "0 risk", dude. go for it.

[@mp4vids]

+PaperChasersAz - Promoting can be a serious risk. Your job is to maximize profits, but it is your matchmaker that can either make or break you. Based on the level of upset and the amount of money you may have invested in a fighter can really impact you down the line. Personally, owning a management company is the better alternative because you just deal with finding fights for your fighters. If you have your own matchmaker who is solid, then you have it made. All you have to do is find a promoter and pay the fee for being on their card. You will handle the purses for your fighters and their opponents, medicals, airline and hotel fees. Besides, if you have a small number of fighters, you have more flexibility in terms of cash flow to advance your fighters to where a promoter may want to sign them and of so, the promoter can pay that management company in order to have that fighter as their own while the manager can still collect a percentage fee of the boxer's purse. It's a win-win situation!

[@jonathanmalverde6796]

Coach is a very educated dude.

[@modernpatriot987]

two thousand dollars for boxing isnt worth it. The Federal income tax should be abolished. Govt does not deserve money. Govt just bunch of overpaid leeches.

[@zues2013]

Amen

[@PaperChasersAz]

u have my vote for president

[@tobiasdutan3504]

AFIGHTCHANNEL state and local.....

[@modernpatriot987]

AFIGHTCHANNEL Private sector which is proven to more effective and efficient then the govt. I do think state tax is reasonable though.

[@kawa1755]

+AFIGHTCHANNEL omfg i can not believe u just said that before 1913 roads were being built without income tax or any of that bs just fine all that money goes into shady places seriously get informed.

[@jonashabte4747]

So how do u be a manager then

[@mp4vids]

A good manager is someone who has a strong financial backing to pay his/her fighters. They normally have a business on the side. Also have some good scouts who know where to search for talent before they are discovered by the big dogs! Building strong relationships with matchmakers, fellow managers and promoters will take you a long way. Also, getting to know fightfax.com and boxrec.com are literally your way of life! You have managers that can pay out bonuses, provide monthly stipends for their fighters and if you're on the high end, you can even coordinate transportation and housing which is why certain managers are going to charge a higher percentage. The situation depends on the fighter. If you are looking to be a manager in the future, I wish you the best! If you ask me, being a matchmaker is one of the best kept secrets, but also a thankless job, however, everyone is connected to you. You are the one who can either make or break careers. Your phone will never stop ringing. The texts are relentless as they come in on a consistent basis, but all eyes are on you when an opponent pulls out at the last minute and the manager and/or promoter needs that last minute replacement like yesterday...lol!!

[@qntainmnt]

usually paydays can depend on your amateur background, sponsors, and how popular you are. I've heard of unknown journeymen getting $40,000 to fight on undercards. decent money, and if you win you get closer to a title shot. which is $100k guaranteed or more.

[@ReaperGang2x]

That's why you should go to the Olympics and try and win the Medal because that's your fast track in the pros

[@dimitribentley8448]

I'll make my gf my manager so she can get the money

[@lightvoyage7815]

Smart

[@thenameofthegame4037]

@@lightvoyage7815 yeah, but having a girlfriend as a boxer is not smart

[@rvn4]

I can make my dad my manager! That's smart.

[@tarvb]

You must don’t known what happened to Shane Mosley

[@hoseapurnamacandra2420]

@@tarvb stop being so dramatic and explain it

[@TaoistSwordsman]

This would be a great channel if Ellie just didn't talk lol

[@honorrollstudentjustin7376]

Pugglen his bitch ass annoying

[@ousoonthebeat6927]

He is but it’s his channel and he’s providing us the info

[@buzzkill808raven2]

been waiting for a comment like this! if he wants more viewers, he should also stay behind the camera...he looks like the lovechild of a frog and a potato

[@Vet4FallujahCJ]

The first initial examples would leave you with 808 bucks. Starting off, you ain't going to be needing a "manager" for no in the club type of fights. Your trainer can find those. 2nd, in the beginning, you are also not needing a strength and conditioning coach because they are 1 in the same with your trainer. Your first goal is to find a trainer who is knowledgeable in fitness and boxing and savvy to local boxing matches in the outer circuits. If you're going pro, you ain't needing all that in the beginning. A trainer would only take 10% to stay fair and keep himself afloat. To stay neutral..... maybe you take on a manager to set up fights, looking for the better payouts, other than that.... from 2000, you take home (minus 10 to 15%) 1800 to 1700 bucks. After that, the tax cut for 1800 as a side income is deducted.

[@9doe212]

A good manager and trainer wouldn't even take a peace of ur 2G purse....they'd let u live and Take about 100 a piece to the cornerman...if they believe in you and are sure there guiding u correct and u have a promoter they probably won't start the 331/3 business till his purses hit THE 5 grand mark and that still peanuts but hey, life ain't free!!!

[@Nobodysafe3800]

Right its an investment i dont pay you right now but we'll make the millions in the future

[@maxd.7373]

No manager takes 33%😂

[@robertblake8609]

income tax on a $2000 payday?

[@Jahret36]

smart guy here

[@jabsalty6066]

+KingJra He definitely has some valid points, isn't too sharp on math skills though. Maybe if he went to college he wouldn't be charged so much for a manager.

[@toneyr.chappell7988]

IRS wouldn't get 33% from a guy clocking 2K fights...more likely 28%

[@jamesd.2624]

you deduct costs first and then pay tax just like any other business

[@CoelhoSports]

no, there is no withholding from contractors. you are not a wage earner. you file quarterly and pay what you owe after itemizing expenses.

[@johnstevens3871]

33% to the manager??? Are you freakin kidding me. Boxers need to get together and form a union. Rios got 4 million for Pacquiao fight, so he had to pay Cameron Dunkin (his manager) over 1 million dollars. That is some serious bullshit.

[@TheIrishny]

And who got Rios that fight? His manager

[@MichaelF1]

john stevens Probably paid him much less. Rios can dictate terms down to less money for the management. His manager might only have a 10% stake, his trainer might just receive a flat rate, as do his cornermen. He can get fights on name alone, he BARELY needs a manager at this stage of his career. That is the norm for boxers that make $1m or more EVERY fight. They don't just hand out that 33% anymore.

[@smokestrong1000]

I'm wanting to go pro. I used to walk into gyms and beat pros without even trying in sparring off the couch. Think if I took it serious I'd be decent. I just want to make some extra cash to help pay off my car help build my down payment to get a house. Would it be worth it? I don't have any crazy dreams being on showtime but want to make some decent money. 5'11 70 inch reach and extremely fast heavy hands and would ko people with just jabs hit in the 900s on punch machines with zero training but my cardio was always an issue

[@Vet4FallujahCJ]

And to top it off! The tax bracket for 2000 bucks is only 10%! Not 33%. Boxing is a business. Taxes are a deduction. Completely separate!

[@jasonclyburn1499]

They forgot to mention that the cutman get between (1-3%) of a purse

[@rizzybox]

Hey bro thank you so much man.... Dis is really helpful 🙏🏽🙌🏼

[@thunderablabat2992]

Wow it's hard! What if your a knockout artist boxer? Can i get a bigger purse?

[@bambambino23]

33% for the US government is way too much off the top it comes off of the bottom after your deductibles and expenses. After all said and done you ould end up paying 0%-15%/20% maximum of the balance after the manager and coach get their share. 2000-33% for manager & -10% for coach = 860 then you have write offs to make your taxable gross income much less. Best bet is To have an LLC and a business bank account and deposit the money into that. Write off travel expenses, gas, hotel, gym membership, equipment and supplies costs, cell phone, etc. Pay your taxes quarterly.

[@MrEverydayThugs]

Great Video!

[@aglm6020]

Good video. Nice to see a realistic view of the game.

[@mcsmoothstyle]

Brendon explains the complex details well.

[@hectorestrada4744]

Gov. doesnt get a cut till the end of the year, and how much they get is based on yearly income. So i wouldnt believe the Gov. part.

[@CoelhoSports]

yeah you have to make several hundred thousand a year after expense write offs to pay 33% federal. state + fed taxes together would be zero in this scenario, unless you explain where all the other income is coming from to justify that rate. $2000 for a small venue 4 rounder is more than i have ever seen, though. in most places you would be lucky to get $1000 and have to sell your own tickets just to get on the card.

[@timothythomas7445]

ENEWS, Can we see more of the sparing drills at that same gym please. That's the shit we really want to see.

[@bluebluer1632]

And I thought the UFC was bad.

[@kevinarzola4781]

How is this dude getting 33% from a 2k payday? That isn’t even close. Seems like my guy is taking a bigger slice of the pie than he should and telling his fighters it’s taxes.

[@noahnaylor2649]

it's not 2k your first fight depends if u go pro first witch we do and he been fighting his whole life and he gonna train him and I'm a help him exercise because I'm good with exerciseing

[@jjones2509]

thanks for the insight

[@kevinarzola4781]

If the Manager taking 33%, you fucked up signing that contract

[@MrBenedick14]

This rule dont apply to manny pacquiao and mayweather...

[@donmarks9308]

I like this guy! He's a smart and knowledgeable dude!

[@rugus722]

Elie , let him finish explaining!

[@MrBTDhimself]

Thats only for 4 round . 6,8,10 make alot more example 8 round fight 7500 to 12k depends . Do that every 60 days

[@CoelhoSports]

i've never seen anyone get $2000 for a local 4 rounder. lucky to get $1000 and have to sell your own tickets to get on the card.

[@ericgarcia7548]

Nice video

[@x_master_xtop410]

Would a boxer who's not a US citizen have to pay the tax?

[@GDAVALOS]

So Canelo made 1.5Million $ purse not including pay per view. break it down. purse $1.5 mil. USA-33%= $495,000.00 manager-33%= 495,000.00 trainer-10%= 150,000.00 net for fighter =

[@AlejandroSanchez-bt6mm]

you stupid fuck

[@htook1]

If that's all he made he'll walk home with 360k.. pay per view not included. Damn 1.5million ain't shit after tax n cuts .

[@meaner5572]

Also medical expenses.

[@kartiersupremewhite330]

Tuff Tuff Business.

[@halojames7778]

Good to know.

[@aminedest9929]

thanks

[@Politicsandabeer]

33% is really about twice the tax rate a majority of Americans pay.

[@zues2013]

Depends on the amount of the paycheck

[@johnstevens3871]

Half of 33% is 16.5% , trust me, everyone in the U.S. pays more than 16.5% in taxes. 33% is about right, or maybe even a little low for taxes. And I sure as hell had no idea fighters pay 33% to their manager. So the manager is actually making more than the fighter, without taking one punch to the head??? That bullshit needs to change!!

[@Politicsandabeer]

No John, not everyone pays 33% in taxes. Trust me. Actually Mitt Romney wasn't far off when he said 47% pay NO fed. taxes. I'd be happy to show the numbers.

[@TheIrishny]

john stevens Managers do a lot for fighters. Like the guy said, they're the ones hiring the sparring partners and paying for training facilities and getting the guy fights.

[@jayvenwilson1238]

73% of your purse gone!👀

[@SSJ2Phenom]

That 33% for taxes is more like 13-20% for the average person. Now, if you're Floyd Mayweather it's probably closer to 33% but for a $2000 payday, no way. Especially in Nevada where there is no state tax.

[@kyletangen9446]

If I remember correctly, federal taxes are around 20-25%. Depends on how many dependents you have, but single people pay at the very least 20% Federal. Only corporations and politicians pay less taxes.

[@carlospinedo7547]

So I fight a 50 million dollar fight I would take like 30? Wtf and the government takes 33% oh hell no im not paying my taxes

[@imadeyoureadthis1500]

I just bashed another mans brains in for that money and they think they really deserve some of it?

[@jomarmanatad8832]

Or you will go to the jail.

[@christophershanklin112]

Think things through and get a businessman

[@user-nd8vl7uy5x]

Boo hoo.. How hard. Compare this to a working-class job where you have to work for multiple hours and get destroyed mentally by your boss and co-workers. Sucks. Atleast a true boxer (who's into the sport) gets to do what he loves in this life.

[@chino2620]

Иван Старостенко boxing is one of the toughest sports out there so yes it is hard,and that applies to anything your not working if your doing what you love right

[@mr.t658]

what about promoter

[@mattgosling6757]

very interesting,unless a boxer gets to world level or even better it could be a lot of hard work for not a lot,defo would help to have plenty of common sense and not waste everything while your career is going well.

[@qntainmnt]

some fighters can make up to 20k per fight early on. it all depends on the fighter the promoter and the fight itself

[@dadirtydawg7789]

I dont mind that to start off with. Where else are you getting 600 for 15 minutes of your life?

[@apomtaylor8054]

more like 600 for a month of training. That is not a lot of money

[@dadirtydawg7789]

@@apomtaylor8054 you're right it's not alot of money, but its more money than you had. Training for me is a part of life with or without payment. Plus payment will go up over time 😎

[@apomtaylor8054]

@@dadirtydawg7789 Yeah you're right. you fighting in the amateurs?

[@qntainmnt]

a lot of boxers have jobs in their normal life. so its decent side money until you start getting 6-10 round bouts then its 30k - 300k or more if you're fun to watch.

[@thefarmlifeinhd]

I did that calculation in seconds man I got you. I'm a mechanical engineering student. So, from a $2,000 purse, a fighter would earn $480. 33 + 33 + 10 -100 = |-24| 0.24*2000 = $480 earned from a $2,000 purse. So in order to find how big of a purse that you would need to find to win x amount, multiply it by 0.24, unless you're out of your old contract.

[@brnninja420]

You mean from

[@gtxcaliber760]

rule number 1 of the journey to becoming a real fighter, don't quick your day job

[@ReaperGang2x]

Facts

[@DUBSDADEVILL]

Bobby Brown Jaw.

[@widowmakericu5705]

He’s right at this point you’re basically a nobody doing it for grocery money with the hopes you’ll keep winning and growing in popularity. Boxing is a dirty business even for the top athletes.

[@noahnaylor2649]

my friend and I are going to box and he gonna be my trainer so lol

[@sorankurdi]

How about the promoter

[@DissFunkShunIll]

The promoter gets all the money before he dulls out the scraps

[@CoelhoSports]

sometimes the promoter loses money

[@jasonharvote4093]

isnt 10% max a managers is supposed to get? lol one problem is fighters arentvself promoting need to be your own manager like floyd take what you can then bargain later for more train your self promote your self these guy will try force gym and things on you that you dont need especially if you already good fighter whos finished training.

[@BoxlifePromotions]

jason harvote Floyd’s manager is Al Haymon. He’s not running his show like people think he is .

[@knuckledragger1404]

jason harvote self training is the most dumbest shit anyone could do most people wouldnt know two shits of how to start

[@brnninja420]

Meant

[@fuxthe45th72]

Brandon got a little Buzz

[@franco_spams-l2922]

where tf all the money going to? youtubers like Logan Paul and Jake wtf

[@Zakawaka45]

is he sober ahahah

[@khabibsfavoritetiramisu5727]

lmao!

[@rexxav6734]

Is he drunk?

[@iamcrisyo]

manny pacquiao is stupid in business..instead of promoting himself and quit top rank like Floyd did..he would be better and probably that fight with Money happen long ago..He doesn't need a promoter anymore Manny is famous as Floyd is..and i think He has the ability to promote himself like a superstar

[@CoelhoSports]

promoters stage the events and handle every single detail that entails and pay for everything up front, even if the fight gets cancelled. just being a good boxer does not mean you can handle the business side of staging and promoting an event. it's not nearly as easy as you think.

[@robtko7447]

I guess Il stick to sparring :(

[@b3at2]

Manny has tax problems lmao!!!!

[@fuerte_javier_]

Not anymore jackass

[@joelopez40oz23]

he still has more money than you lmao!!!!

[@Vet4FallujahCJ]

Was this guy drunk?

[@WinorGoHomeTV]

Boxing is broke

[@dannygarcia6783]

Box isn't broke wtf are you smoking on

[@Ismunoz]

Haha boxing is broke? You must be an mma guy. Isn't Dana paying his champion s like 60g?

[@jabsalty6066]

YOU need a college education. 76% of that $2,000 is only $480 bruh

[@williamhenley8593]

You're dumb

[@uzamakiluffy8533]

false

[@boxingisthebomb5050]

No money in boxing....

[@Patkillskenny]

That's if you're a journeyman or a unknown

[@boxingisthebomb5050]

only the top dogs make a good living out of boxing....you can only fight for a short period of time..so you need to save a lot of your money...boxing aint the job if you wanna get rich...Dont be fooled by Mayweather and Pacquiao's salaries..

[@PaperChasersAz]

Boxingisthebomb thats pretty much the case- you shouldn't really consider pro boxing unless you've got a good chance to go FAR, meaning if you're not truly talented the risk isn't worth it- but if u can get on TV the networks usually pay 10k+ per fight depending on your record, background, and how big your name is, You also wouldn't have to shell out so much for a promoter at that point, but 1 BIG thing you'll have to worry about for obvious reason are medical bills, hence a lot of boxers retiring broke or fighting way past their prime simply because they need the $$

[@throwitinthebinUnt]

i dont wanna get rich, i just wanna box

[@PaperChasersAz]

throwitinthebinUnt go for it pal, if you're doing it for the love of the sport then you're doing it for the right reason man--- some guys get into the ring to be a millionaire and thats the wrong reason to do it- respect to you bro

[@ThatJustJulian]

He doesn't kno what his talkin about manager only takes 10%

[@HollywoodSohk]

You don't know shit about the business so don't act like you do, manager takes home 33%

[@zidanedart]

+Michael Lockhart Youre getting ripped off son best go take some college business classes and change your bumlife

[@LilC2000]

They should take 25%

[@HollywoodSohk]

LilC2000 more like %15

[@LilC2000]

Michael Lockhart yeah lol

[@gilgilmore5471]

Am I the only one who noticed he sounds like Freddie Roach a little bit.

[@lefthookcitycentral3918]

BoxRec Curious: kzbin.info/www/bejne/jXnTpHd5bttpj6c

[@bogarber568]

The money is out of the Boxing business...Less than 10 fighters in the world make over $1 million dollars a fight. Never heard of Brandon Krause, he has never trained one world champion, he is not paid well either, Elie makes no real money doing these videos.

[@lakerfanfohlife16rings48]

Krause lives in a rich area, his house is amazing