Floyd “Money” Mayweather Jr., is already the highest-paid athlete in the world, but the contract for his world welterweight title fight against Robert Guerrero calls for him to earn a record-tying minimum guarantee of $32 million.
Mayweather’s purse ties the all-time record for the largest single-fight contract in history — that’s the mark Mayweather set last year for his win against Miguel Cotto, which earned him a junior middleweight world title.
“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.”
Pay-per-view TV should sell at least 1 million subscriptions, so Mayweather will be rolling in money.
“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) plans to fight again on Sept. 14 — so the highest-paid athlete in the world has no plans to give up that title.