Floyd Mayweather Retires With $1B In Earnings And Manny Pacquiao With $500 Million Proving Boxing Is A Lucrative Sport

Manny Pacquiao and Floyd Mayweather after May 2, 2015 fight

The career earnings of recently retired 39-year-old boxer, Floyd Mayweather, is approximately $1 billion dollars. The career earnings of Mayweather's top rival, 37-year-old Manny Pacquiao, who announced his retirement as well, is approximately $500,000,0000, according to an article published on the Forbes website. Those are staggering figures for any athlete in any sport. There are a number of other boxers who have become multi-millionaires from boxing as well.

Some may scoff at earning a living from boxing, but many athletes have used the sport to support themselves and their families quite well. They've proven boxing can be a great source of income. It takes hard work, dedication, discipline and practice, but it can be done. It also takes good business management. When some people hear and read about the big financial figures being tossed about, it sometimes brings out the greed and envy in them and they try to rip boxers off. So, you have to be careful. Know what you are signing and how your money is being collected and spent.

There are things you can do to help and protect yourself. My dad, a former professional athlete and coach, is of the belief it is a good idea that young boxers seek out the knowledge and assistance of older, veteran boxers. His advice regarding the subject is, "Find a good, old boxer." They can give you tips on life inside and outside the ring, in sharing their experiences. Many of them enjoy being in boxing gyms and soaking up the atmosphere, long after they've retired. Talk to them and see what you can learn. 

Timothy Bradley and Manny Pacquiao during April 9, 2016 fight

Mayweather, for instance, had the benefit of his father and uncles, former professional boxers, training and guiding him. It made a big difference. He benefited from their experiences in the ring. Mike Tyson was trained by boxing veteran, Cus D'Amato, who was a boxer and had decades of experience as a trainer when he took Tyson under his wing. Current world champ, Tyson Fury, was trained by his dad, a former boxer (as well as his uncle Peter Fury) and he gained from their experiences. There are tricks of the trade and when you have someone who has been through it helping you with your career, it will benefit you.  

Be careful listening to friends who are not knowledgeable on the sport. They may mean well (while some are just hanging around hoping you'll make money and acquire other material things they can get) but if they don't know the sport and they are trying to assist in training you, they could be telling you things that will lead to you forming bad boxing habits that could cause you trouble in the ring. Keep your practices and form textbook correct, punch perfect.

Even though you are just starting your career, you have to think ahead. Don't do things now that you will regret later. I've often written in this column that entertainers and athletes need to keep their image as family friendly as possible, because it sets a good example and will lead to endorsements that can support you and your family. People make millions of dollars from endorsements alone (this is on top of purse money). So, stay out of trouble and be careful of what you post on social networking.

 

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Floyd Mayweather: By The Numbers

 May 2, 2015 @ 06:49 PM 48,556 views - Floyd Mayweather (47-0) faces Manny Pacquiao (57-5-2) in the “Fight of the Century” Saturday night from the MGM Grand Garden Arena in Las Vegas. The sports world has waited nearly six years for boxing’s two biggest stars to square off in the ring with many figuring it would never happen thanks to the animosity between the camps of the two champions. But the money was too much to resist for all parties involved and off we go. Win or lose, no one will make off better financially on Saturday than Mayweather. He stands to make at least $150 million from the bout cementing his place on top of the world’s highest-paid athletes.

$99.99: Record cost of Saturday’s fight in HD. Standard definition is $89.99.

$400,000: Value of Rolex watch Mayweather received from the MGM Grand as a gift.

$750,000: Cost for Mayweather to get out of his Top Rank contract in 2006. It was the best investment in the history of boxing.

2.48 million: Record PPV buys for his 2007 fight against Oscar De La Hoya.

5.9 million: Mayweather’s Twitter TWTR +4.83% followers, which ranks seventh among active American athletes. LeBron James leads among U.S. athletes with 20.8 million. Mayweather also has 10 million Facebook fans.

14.5 million: Total career PPV buys for Mayweather fights, which ranks first all-time.

$25 million:  Mayweather has earned at least $25 million for each of his past 10 fights. Saturday night marks No. 11.

$41.5 million: Record guarantee Mayweather received for his 2013 fight against Canelo Alvarez.
 

$72 million: Record live gate for Saturday’s fight. The previous record was $20 million for Mayweather-Alvarez.
 

$73 million: Mayweather’s total earnings for his fight against Alvarez, including his share of PPV revenue.
 

$123 million: Cash in Mayweather’s bank account, according to a 2013 ESPN The Magazine profile, before his $73 million Alvarez payday.
 

$153 million: Record PPV revenue for Mayweather-Alvarez.
 

$200 million: The amount Mayweather says he will make from Saturday’s fight. He’s being a tad optimistic unless the PPV buys go nuts. Mayweather posted on Instagram in 2014 that he would make $70 million from his first Marcos Maidana fight after the PPV money was counted. Mayweather made $32 million.

$420 million: Mayweather’s career earnings ahead of Saturday’s fight.
 

$873 million: TV revenue generated from Mayweather’s 13 PPV fights, which ranks first all-time. He’ll move past $1 billion Saturday night.

http://www.forbes.com 
 
Manny Pacquiao Set To Retire After Bradley Fight With $500 Million In Career Earnings
 

Apr 9, 2016 @ 10:00 AM 22,269 views - Update: Pacquiao won a unanimous decision against Bradley and reiterated that he is retired “as of now.” Manny Pacquiao squares off in the ring against Timothy Bradley Saturday night at the MGM Grand Garden Arena in Las Vegas.

Pacquiao says it will be his final bout, although many are skeptical, including his trainer Freddie Roach and long-time promoter Bob Arum. Pacquiao reiterated his stance at Wednesday’s press conference as he plans to focus on his political career with a senate election on the docket next month in the Philippines. “This is my last fight,” he said.

If it is the end of the road, Saturday’s fight will wrap an extraordinary run where Pacquiao rose from living in a cardboard shack in the Philippines to one of the most marketable and bankable athletes on the planet who won world titles in a record eight divisions. The result after Saturday: Pacquiao will have earned $500 million from boxing purses and endorsements during his two-decade professional career...

 http://www.forbes.com

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Warrant Issued For Adrien Broner's Arrest On Charges Of Assault And Theft Carried Out At Gunpoint

Adrien Broner and Floyd Mayweather before their recent string of arguments. Mayweather has been telling Broner to calm down regarding his activities outside the ring.

  

Several hours after the Judiciary Report posted the article "Boxer Adrien Broner On The Verge Of Tears Slams Former Mentor Floyd Mayweather (Video)" to the site and blog very early yesterday morning, again imploring boxer Broner to take a more reserved approach in his life, a warrant was issued for his arrest. The TMZ website broke the story yesterday afternoon that back on January 21, 2016 at 3:30 AM, Broner was gambling at a bowling alley in his U.S. home state of Ohio and got into trouble. 

Broner lost thousands of dollars in bowling bets and it is alleged he lashed out and beat a man at gunpoint, knocking him out, then retrieved the money. The injured man was transported to the hospital, where he was given 60 stitches (whoa, 60 stitches, why don't you fight like that in the ring instead of knocking civilians out, you could have beat Maidana LOL). Yesterday afternoon, authorities decided to charge Broner with felonious assault and aggravated robbery. 

Broner is a millionaire. He didn't need the money. This episode was very unnecessary. Something else is going on with him and he is self-destructing under it. He needs to apologize and make amends regarding the injured man from the bowling alley. He also needs to get help lest what's going on inside him destroys him. I don't want that to happen to him. He has a lot of potential and has come very far.

Adrien Broner vs. Marcos Maidana

In past articles the Judiciary Report has repeatedly implored Broner to calm down and spend his time and money on family and educating himself. When you achieve financial success and are in the public eye, it is not difficult to get into trouble. The site has repeatedly implore entertainers and athletes to leave a certain element behind from their past, if what they do and encourage you to partake in is negative and or illegal. How is it "keeping it real" when people are encouraging you to do wrong in what could take your freedom and fortune. There's nothing wrong with having rich or poor friends. It is not a question of money, but the mentality they possess. If they have the wrong mindset it will corrupt you at some point or another. 

I  remember reading about the late boxing trainer Cus D'Amato and his struggles with keeping boxer Mike Tyson on the straight and narrow. When Tyson was 15-years of age, D'Amato took him into his home and began training the troubled youth as a boxer. Tyson had a rough start in life, due to his parents involvement in crime. D'Amato taught him discipline by making him exercise/train as a boxer and clean up the house, doing chores on a regular basis. However, D'Amato noted there were times after he moved Tyson out of the boxer's native Brooklyn, that he had to go searching for and retrieving him, lest he fell back in with the same crowd he got into trouble with in the first place. 

 

 

Adrien is detached from reality, as evidenced by a text message between himself and ESPN boxing analyst, Dan Rafael (Um, what's up with your phone battery LOL).   

Broner is also hanging around people with the wrong mentality, such as Miami rapper Rick Ross, who is a violent, thieving man known for getting into criminal trouble. Ross has criminal cases against him for violent behavior. Ross, a former prison guard in Miami, adopted the persona of incarcerated drug dealer Freeway Ricky Ross and has been trying to become him, in violation of the drug dealers image rights (Right of Publicity and the Lanham Act). Freeway took great exception to this mimicking and denounced Ross for this behavior in a $10,000,000 lawsuit (Freeway mysteriously lost the case in what warrants a proper judicial review for denying someone their image rights as a human being and as Warner Bros was involved, an entity known for bribing federal and Supreme Court judges with stock, it's clear what transpired here).

Ross also promotes rape through his music and has an album that is sick and seriously blasphemous against God. Ross, apart of Hollywood's so-called "Illuminati" which is steeped in the occult, greatly offended the church in America with a particularly contemptible album. One of my friends in Miami, who knew Ross growing up, stated he was not a thug and was working as a correctional officer. However, trying to adopt a tough rapper image, Ross has been breaking the law in violently beating up people in Georgia (and other states) and in one incident a man was murdered at Ross' Miami house. This is not good company of Broner to be keeping, as Ross and company are headed for serious trouble. However, that's his choice.

Adrien Broner's next fight is against British boxer Ashley Theophane

A few weeks ago, I was pleased to learn that Broner had proposed to his longtime girlfriend, who is mother of his two children. Broner made the announcement on Twitter a few weeks ago and I congratulated him on the social networking site. For Broner to get on the right path in life he is going to have to settle down. Getting married and spending time with his wife and children will do him a world of good and vice versa. Spending time working on his boxing, rather than partying and gambling with people who love to carouse, will also be more beneficial to him. He is a millionaire in his twenties and needs to make the most of the advantages he has been blessed with. Do not lose everything you have worked for over foolishness. Avoid certain people and situations, lest they cost you everything.

Broner was arrested last summer for reckless driving while intoxicated. He was given six-months probation, which he successfully completed without rearrested. I am also of the belief Broner needs to go to rehab. Broner is struggling with alcoholism and that is a dangerous thing for anyone, especially an athlete, as it will impact your performance in play, damaging your career and overwork the respiratory system and the heart while other bodily mechanisms try to compensate for the negative impact of alcohol abuse (Johnny Manziel Loses Contract With Cleveland Browns After Constant Drinking And Partying).  

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The Bigger Boxer Doesn't Always Win (Video)

 

Mike Tyson

Everyone's heard stories of the little guy triumphing against the big one. It's an age old tale that gives the underdog encouragement. It is true in boxing as well. People tend to look at potential fights and assume the bigger boxer will win, but that is not always the case.

Take for example, former heavyweight champion, Mike Tyson, one of the greatest boxers to ever step into the ring. In his prime Tyson beat men who were bigger and taller. He did so with purpose, accuracy and precision. Legendary boxing trainer, the late Cus D'Amato, famously stunted Tyson's growth as a teen, by making him jog with heavy weights on his back that were placed inside a bookbag. As a result, Tyson is shorter than many of his peers at 5'10. 

David Haye v Nikolay Valuev WBA World Heavyweight Championship in 2009 

Another fine example of this is the fight David Haye v Nikolay Valuev for the WBA Heavyweight title. On paper, the casual observer would assume 7-foot 320 pound Valuev would beat smaller, but still big opponent, Haye, who is 6'3 and weighs 235 pounds, but the find did not turn out that way. 

Valuev, who was a worthy and skilled opponent, who is now retired, but to date only has 2 losses in 53 fights, was outclassed by his smaller rival, Haye, another pugilist with a great record. Haye put on a masterful performance feverishly circling Valuev the entire fight, landing accurate and effective shots. It was a masterclass and one of my favorite fights.

Haye's defensive skills during the fight were so good, that he was elusive, consistently evading shots that could have resulted in a knockout from towering Valuev. The fight was billed "David vs. Goliath" and it certainly lived up to its name with David winning.  

 

Stills from Haye v. Valuev 

 

In closing, if your opponent is bigger than you are, it does not mean they will win the fight. Great defensive skills (head movement and footwork) coupled with clean, accurate shots can win the fight. 

At the end of the day to be a great, well rounded boxer, especially in the heavyweight division, you must be an effective power puncher with great footwork/head movement (defensive skills). You cannot just focus on one aspect of your boxing game, you must master them all. It means more time training, but that's a sacrifice you have to make if you want to win. 

David Haye won the title

Side Bar: Mike Tyson was on the television show "The View" this week and he stated he doesn't miss getting into the ring, due to the nervousness and anxiety it created, coupled with the damage it did to his personal relationships from working all the time. Tyson still loves boxing though and is now a promoter.

Fighting Fear In Sports

Mike Tyson and the late Cus D'Amato 

Fear is a powerful thing. It can cause chest pains, palpitation and hives. It’s all in the mind and to conquer it is to succeed. A fearful mind is not a focused one. To be at your best you need skill, perseverance and focus. Conquering fear is a great asset that contributes to success. 

Legendary boxing trainer and manager Cus D’Amato once spoke about fear and the importance of conquering it: 

"Boxing is a sport of self-control. You must understand Fear so you can manipulate it. Fear is like fire. You can make it work for you: it can warm you in the winter, cook your food when you’re hungry, give you light when you are in the dark, and produce energy. Let it go out of control and it can hurt you, even kill you….Fear is a friend of exceptional people." 

"There is no such thing as a natural puncher. There is a natural aptitude for punching and that is different. Nobody is born the best. You have to practice and train to become the best."

"The next thing I do, I get them in excellent condition….Knowing how the mind is and the tricks it plays on a person and how an individual will always look to avoid a confrontation with something that is intimidating, I remove all possible excuses they’re going to have before they get in there. By getting them in excellent condition, they can’t say when they get tired that they’re not in shape. When they’re in excellent shape I put them into the ring to box for the first time, usually with an experience fighter who won’t take advantage of them."

"When the novice throws punches and nothing happens, and his opponent keeps coming at him…the new fighter becomes panicky. When he gets panicky he wants to quit, but he can’t quit because his whole psychology from the time he’s first been in the streets is to condemn a person who’s yellow. So what does he do? He gets tired." 

"This is what happens to fighters in the ring. They get tired. This is what happens to fighters in the ring. They get tired, because they’re getting afraid….Now that he gets tired, people can’t call him yellow. 

He’s just too 'tired' to go on. But let that same fighter strike back wildly with a visible effect on the opponent and suddenly that tired, exhausted guy becomes a tiger….It’s a psychological fatigue, that’s all it is. But people in boxing don’t understand that."

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Did Don King Orchestrate Mike Tyson's Demise Years Ago

It Sure Looks That Way

 

Don King and Mike Tyson

Many stories have swirled for years that boxing promoter Don King allegedly orchestrated Mike Tyson's demise in the 1980s and early 1990s, to pillage his multi-million dollar fortune. Tyson never received a proper accounting of his money. No matter who you are, you must take control of your finances, sign your own checks and avoid transferring power of attorney to others. You must stay on top of your finances and regularly review your contracts, accounts, checks and spending (bills, credit cards, debit cards, checks issued and received ect).

When Tyson was a teenager,from a broken home, with a mother who was a prostitute turning their abode into a brothel, it profoundly affected him. As a teen he was adopted by boxing trainer Cus D'Amato, who became a father figure to him. D'Amato was a good influence on Tyson, who taught him discipline and dedication. However, after D'Amato died, Tyson fell in with people like Don King, who severely exploited, manipulated and controlled him for their own ends.

Mike Tyson and Don King

At that point in time, Tyson no longer had proper financial guidance or honest friends willing to tell him the truth about those around him and what they were truly up to in his life and it cost him plenty. It was alleged, Tyson, much like rapper Tupac, was set up for rape and sent to prison.

In Tupac's case, club-goers witnessed as a woman voluntarily performed oral sex on him in the night club. Though I do not agree with such public displays, as sex is something that should occur behind closed doors, not in front of everyone, for a woman to publicly do that and then cry rape and sexual assault is fraud.

Mike Tyson and adoptive father Cus D'Amato

In Tyson's case, a beauty contestant, Desiree Washington, went to his hotel room after midnight, then stated he raped her. I was never convinced Tyson raped Washington, who had previously made this accusation regarding another male. Who goes to a man's hotel room after midnight if it's not for sex. No one is that naive.

The next morning she went to the beauty contest smiling, laughing and dancing like she was on cloud nine, all filmed on camera as apart of the pageant. Rape victims generally don't behave in that manner, as they are usually too distraught. Rape is a cruel thing, so is lying that you were.

 

Mike Tyson and Cus D'Amato

Tyson's also developed issues with substance abuse and alcoholism, as a way to tune out his problems, but it made them worse. Tyson is now a recovering addict. People struggling with substance abuse must take it one day at a time and remember every day one is sober is a victory.

Mike Tyson

Tyson's struggles illustrates what the wrong people and negative environments can bring about in one's life. It could bring about anyone's demise. Always try to surround yourself with good, positive people, who bring you up, not down. People who would be your friend or love even if you weren't famous and or didn't give them a dime. People who will kindly tell you the truth, even when you don't want to hear it. Those are real people.

Real isn't having a big, flashy entourage of people who won't pay their own way. Real is having friends or a love you can call whether things are good or bad with you and they will try to help you with their love, time and efforts, without asking for anything in return. You should also be that type of friend to others.