You might not like Floyd Mayweather, but you can’t deny his earning power.
The amazing thing is the guarantee is just the starting point, because of the unique contract he has and the fact that he promotes himself, he may easily surpass $50 million for his fight against Miguel Cotto.
Mayweather — the cover subject of the new “Money issue” of ESPN the Magazine — will earn at least $32 million for his junior middleweight title challenge from Miguel Cotto on Saturday night (HBO PPV, 9 ET, $59.95) at the MGM Grand Garden Arena.
The $32 million figure is on Mayweather’s bout agreement, which was filed with the Nevada State Athletic Commission on Friday, according to 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.
Mayweather stands to earn many millions more because he also will earn significant money on the profits from the pay-per-view, which is expected to sell well in excess of 1 million units.