Mayweather’s record $41.5M purse in place
Pound-for-pound king Floyd Mayweather Jr. Will indeed receive a record purse of $41.5 million for his junior middleweight unification showdown with fellow titleholder Saul “Canelo” Alvarez on Saturday night at the MGM Grand Garden Arena.
The contract was filed Wednesday with the Nevada State Athletic Commission, executive director Keith Kizer said.
Mayweather confidant Leonard Ellerbe exposed Mayweather’s purse last week, though it was not official till the contract was filed with the commission.
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Alvarez’s contact calls for him to get a fight-night check for $5 million, Kizer expounded. However, the total is extremely deceiving. Alvarez has been guaranteed millions more based mostly on the massive revenue the Showtime PPV broadcast is expected to generate, according to his promoter, Richard Schaefer of Whizz kid Promotions.
While Schaefer wouldn’t say what Alvarez’s minimum total was, a source involved in the promotion claimed he will earn at least $12 million.
“He will finish up making more than $5 million,” Schaefer expounded. “He is making a significant upside thanks to the pay-per-view. It’s inconsequential that he’s getting $5 million [on the night of the fight] because he’s going to make millions and millions more because I guaranteed him money on the pay-per-view, but I don’t want to say how much.”
Schaefer said the quantity of buys the pay-per-view has to sell for Alvarez to reach his upside figure is “a low number, so he will make lots more than $5 million.”
In the much-anticipated co-feature, unified junior welterweight titleholder Danny Garcia of Philadelphia will earn a career-high $1.5 million to protect his belts against interim titlist Lucas Matthysse of Argentina, who will earn a career-high $800,000, according to their Nevada contracts.
In a 3rd title fight on the card, junior middleweight titlist Ishe Smith of Las Vegas will earn $250,000 for his first defense, a compulsory against challenger Carlos Molina of Chicago, who will receive $100,000.