In a recent article Arum broke down how despite Floyd's $32mil guarantee, Pacquiao actually pockets more money than Floyd with his $20mil guarantee due to both thier tax structures when Pac is fighting in Macau.
I'm not sure of Macau's tax structure, but here in the states when floyd fights, 39.6% goes to the I.R.S. That's just about 40% of his $32mil. That's not including what Haymon takes along with training expenses and the fee he pays Oscar to promote. Floyd probably pockets roughly around $12mil from his $32mil purse.
Makes sense...thats why Pacman doesn't want to fight in the states anymore.
Bob is so non-chalant about it it's like "yeah that's how we work at Top Rank, now f off."
Khan would be paid more fighting Manny and he knows that, only Pac surely knocks him out while he knows Floyd has no power at all to hurt him. Against Floyd he feels like Keanu Reeves who can see Floyd in slow motion.
I've met Joe before nice guy. His offices are a few blocks away from the Morris Park boxing gym in the Bronx. With that said, there's no way Algieri is getting a mysterious1.5 mil from Joe. Lol. Where is that money coming from? People are delusional. They will split whatever Arum gives them.
^^this.
People claiming DeGuardia is giving Algeri $1.5 mil from his own pocket dont know what they are talking about. TR is the promoter of record. Yes, Star Boxing will get an "In Association With" credit on the posters and the ring introductions. They might even get their banner hung on the light grid. But make no mistake TR is controlling ALL REVENUE. Bob paid Joe $2.75 million for the services of Algeri, plus a ppv upside that probably doesnt kick in until 700,000 buys or whatever number they negotiated. Joe and Chris then have to divide up the $2.75.........
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