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USA Blacks And The Sport Of Boxing: The Greatest In The World!
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[QUOTE]Originally posted by Narmerthoth: [QB] For your future reference, the way payroll is performed in the sport of boxing; Boxer: Lump sum Purse IRS: 20-30% off the top Promoter: 10-30% of purse Manager: 10% of purse Trainer: 3-5% of purse So, if the boxer's purse is $1,000,000... I.R.S.: $200,000 to $300,000 Promoter: $100,000 to $300,000 (This is what Herbert Muhammed received) Manager: $100,000 (Herbert also acted as manager) Trainer: $30,000 to $50,000 (This is what Angelo Dundee received) So, as you see, Dundee was at the bottom of the food chain. Other expenses; -Travel expenses -Sparring partner fees (Larry Holmes was paid from here) -Training facility fees (Ali Owned his own training camp shown above) -Conditioning coach (Handles diet, supplements, exercise program) -Medical fees (Pre & Post fight medical, and sometimes, treatment) -Accounting fees Sometimes some of the above expenses come out of the promoter's cut. So, from a $1M purse, the boxer after all shares and fees are distributed may bring home anywhere from $300,000 to $500,000. Boxers generally fight 3-4 time per year. [/QB][/QUOTE]
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