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Friday, May 4, 2012

Mayweather's $32 million guarantee surpasses Tyson's $30 million

WBC welterweight titleholder Floyd Mayweather Jr. will earn what is believed to be an all-time boxing record for a guaranteed purse of $32 million, four times more than the $8 million guarantee for his opponent, WBC junior middleweight beltholder Miguel Cotto, according to Keith Kizer, executive director of the Nevada State Athletic Commission.

The amount of Mayweather's purse surpasses the previous mark of $30 million earned by Mike Tyson for his second loss to Evander Holyfield in June of 1997, according to Kizer.

Of course, Tyson's 30 million in 1997 dollars would be equal to well over $40 million in 2012, but the amount is staggering by any measure.

"This is the largest guarantee ever in Nevada. Ever," said Leonard Ellerbe, CEO of Mayweather Promotions. "And where are the big fights held? In Nevada."

There is no telling what Mayweather will reap after all of the HBO pay-per-view numbers are totaled.

"That's to be determined," said Ellerbe.

Mayweather (42-0, 26 knockouts) will pursue his eighth belt in five weight classes against Cotto (37-2, 30 KOs), whom he will meet in Saturday night's HBO Pay Per View-televised clash from the MGM Grand.

On the Mayweather-Cotto undercard, ex-titleholder Shane Mosley (46-7-1, 39 KOs) will challenge WBC junior middleweight titleholder Saul Alvarez (39-0-1, 29 KOs).

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