Alvarez to earn more than $1.25M
March, 7, 2014
By Dan Rafael | ESPN.com
LAS VEGAS -- Former junior middleweight titlist Canelo Alvarez, the star of Saturday night’s Showtime PPV card at the MGM Grand, will earn a minimum of $1.25 million for his main event against Alfredo Angulo, according to the Nevada State Athletic Commission.
Alvarez, however, likely will make much more. According to Golden Boy Promotions chief executive Richard Schaefer, Alvarez’s deal with the company has him on an 80-20 split of the profits from the event in his favor. Angulo will earn a career-high $750,000.
Junior featherweight titlist Leo Santa Cruz will earn $500,000 for his defense in the co-feature. He will face former junior bantamweight champion Cristian Mijares, who will make $92,000.
Junior middleweight titlist Carlos Molina is due to make $275,000, but he might not fight, as he remains in jail on an immigration hold in Las Vegas. His opponent, Jermall Charlo, will make $100,000 if the fight happens.
Former two-division titlist Jorge Linares and Nihito Arakawa will make $50,000 apiece for their lightweight bout.
Lightweight Ricardo Alvarez, Canelo’s older brother, will make $100,000 for his fight with Sergio Thompson, whose purse is $50,000. Alvarez-Thompson is not scheduled to be on the pay-per-view broadcast but will move onto the PPV if Molina-Charlo is called off.
Alvarez was initially supposed to challenge lightweight titlist Omar Figueroa on the PPV, but when Figueroa dropped out because of a hand injury, Alvarez got a new opponent but was downgraded to the untelevised card.