Friday, May 3, 2013
Updated: May 4, 12:08 PM ET
Floyd Mayweather Jr. ties purse mark
By Dan Rafael
LAS VEGAS -- Pound-for-pound king Floyd Mayweather Jr., the highest-paid athlete in the world last year with earnings of $85 million, according to Forbes Magazine, is well on his way to the top spot for this year.
Mayweather's contract, filed on Friday afternoon with the Nevada State Athletic Commission, calls for him to earn a record-tying guarantee of $32 million for his welterweight world-title fight against Robert Guerrero on Saturday night at the MGM Grand Garden Arena.
Mayweather's purse ties the all-time record for the largest single-fight contract in history, which he set last May for his unanimous decision win against Miguel Cotto, earning him a junior middleweight world title.
The $32 million figure is on Mayweather's bout agreement and is the amount he will be paid immediately after the fight, according to NSAC executive director Keith Kizer.
According to Kizer, the previous largest guarantee in Nevada -- where most of the biggest money fights have taken place -- was the $30 million Mike Tyson was guaranteed for the infamous ear-bite heavyweight championship rematch with Evander Holyfield in 1997.
"I think when you see a total like that it speaks for itself," Golden Boy Promotions chief executive Richard Schaefer, whose company will pay Mayweather, told ESPN.com. "He has established clearly that level of $32 million as a guarantee and remember: He will make much more after everything is counted because he keeps 90 percent of the profit from the event. The $32 million is just the contract minimum. The bulk of everything else goes to him."
With a pay-per-view expected to sell at least 1 million subscriptions, Mayweather -- nicknamed "Money," for obvious reasons -- likely will make far more than the total on his Nevada bout contract.
"It speaks to his popularity. He generates that money," Schaefer said. "Love him or hate him, they watch him. I'm very happy for him. He deserves it."
Mayweather (43-0, 26 KOs) said he plans to fight again on Sept. 14, meaning another boatload of cash will be coming his way.
"It's just a great feeling to know that he is the highest-paid athlete in the world," said Leonard Ellerbe, a Mayweather adviser and the CEO of Mayweather Promotions. "With Floyd being the highest-paid athlete in the sport, he can just continue to bring awareness to boxing and help make it a mainstream sport once again. That's a lot of money. It's truly a blessing.
"He was highest-paid athlete last year and guess where he'll be again this year?"
In Mayweather's two fights before the Cotto bout, his guarantees were $25 million against Victor Ortiz in September 2011, and $22.5 million for his fight with Shane Mosley in May 2010.
Guerrero (31-1-1, 18 KOs) will earn a career-high $3 million, plus a share of the pay-per-view profits.
The purses for the other televised bouts are $375,000 apiece for featherweight titlist Daniel Ponce De Leon (44-4, 35 KOs) and challenger Abner Mares (25-0-1, 13 KOs); junior featherweight Leo Santa Cruz (23-0-1, 13 KOs), who vacated his bantamweight world title to move up in weight, will earn $165,000, while opponent Alexander Munoz (36-4, 28 KOs) will make $25,000; and middleweight J'Leon Love (15-0, 8 KOs) will make $100,000 and his opponent, Gabriel Rosado (21-6, 13 KOs), will earn $60,000.