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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Floyd Mayweather Mocks Manny Pacquiao In Video On Social Networking Prompting A Serious Response From His Fellow Boxer (Video)

Floyd Mayweather and Manny Pacquiao

Boxers, Floyd Mayweather and Manny Pacquiao, recently landed on Forbes magazine's rich list, due to their megafight this past May in Las Vegas, Nevada. Mayweather, who walked away with the win and lion's share of the money, due to being the top boxing draw in America, made an estimated $300,000,000 from the fight. Pacquiao is said to have made $160,000,000 from the bout that set pay-per-view records, reaching 5,000,000 households.

Floyd Mayweather and Manny Pacquiao

All seemed to be okay between the two, but then Mayweather reignited his long standing feud with Pacquiao, via releasing a video to Instagram, casting Pacquiao as a dummy he calls a liar and slaps. Mayweather states to the dummy in the video, "So Manny, you out here telling people that I didn't win fair and square. That this little arm is messed up. Is that right. Huh? Talk to me. Stop lying!"

Manny Pacquiao and Floyd Mayweather in Miami

Pacquiao was not amused by the video. Pacquiao's rep fired off the following response to the video, "We should understand Floyd Mayweather Jr. because of his family background," Pacquiao said in the statement. "He hailed from a family of ex-convicts and he himself is an ex-convict. We could not blame him because his action just showed the kind of family upbringing he had. It only reminds me of what he did to his ex-wife. I hope he would find time to reflect on his life and repent for the sins he committed in the past. A real champion is gracious in both his words and conduct. Someone who is a champion not just in his chosen field of endeavor, but even in his own home and private life."  

I love having fun, joking and living life #SenseOfHumor

A video posted by Floyd Mayweather (@floydmayweather) on Jul 1, 2015 at 1:42am PDT

Mayweather added a caption to the video which states, "I love having fun, joking and living life. #SenseOfHumor." What they need to do is get back in the ring for a rematch to settle this thing once and for all, but this time with the proverbial fireworks, as in a knock out or knock down.

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What Managers, Coaches And Trainers Look For In Athletes

Many people want to become professional athletes and wonder what it takes. Natural talent is very important. However, other factors are important as well. The willingness to work hard is a second important trait. Sports is physically demanding and requires many hours of training. You must be willing to put in the time and effort in extensive, exhausting practice sessions and in play.

Discipline goes hand in hand with hard work. You have to discipline yourself to train long hours and not get into trouble with drugs and alcohol, which wreak havoc on an athlete's body.  Having one drink is one thing (wine is the least damaging) but getting high on drugs and drunk on alcohol is quite another. There have been high profile cases of notable, talented athletes, whose careers were derailed by drugs and or alcoholism.  

The willingness to listen and cooperate is also an asset. Managers, coaches and trainers prefer athletes who are not stubborn and are willing to listen to their advice that comes from many years of experience. The willingness to listen to instructions, correction and advice, putting it in motion in real life situations in and out of play, will make you more successful. 

No matter how good of an athlete you are, you don't want the manager or coach to become exasperated with your attitude or antics in or out of play and bench you. There's only so much the average manager or coach is willing to take. Get behavioral issues under control. 

There have been a few athletes who were warring with people they work with because training and team commitments interfered with their partying scheduled. That's another thing, you cannot be a successful athlete chasing tramps and partying all the time. It will sap your strength and damage your career. Your performance off the pitch/field/court with all these women will negatively impact your performance on the pitch/field/court.

See your career as something you love, but also a business. Only listen to the most experienced, tried and tested individuals, who are professionals with a track record for being correct and successful. Listening to your friends and or girlfriends, who do not know the business, with some acting out of self-interest, will not help you in the long run.

 

For example, your friend wanting to manage your career, with no business experience or contacts in the industry, as opposed to you signing with a manager or agent with years of experience and proven success. That is a big no-no. Many careers have suffered going this route. The entertainment and sports industries are very specific and complicated. It's not cut and dry. There are many intricacies. An experienced and connected manager and or agent will get you places and more income much quicker than your inexperienced, untrained friend off the street attempting to trade off your burgeoning name. 

A good manager or agent will confidently and constantly work via their connections to get you deals with corporations that make sports drinks, soft drinks, food, footwear, apparel, cars and other items that are a good fit with your brand. Your friend who is not in the industry will have a very difficult time getting meetings with the aforementioned people.

Another example, your girlfriend not wanting you to sign with certain teams in certain cities. You think it is because she does not believe they are the best teams and will not win championships, when it has been proven in quite a few cases it's about the number of models and groupies that reside in said cities (Miami, Los Angeles and New York ect). Don't laugh, I know of cases where this happened but I don't want to name names and embarrass anyone. That's not the purpose of this article.

 

Save for a rainy day

Unless your girlfriend is a professional athlete, manager, agent or works for a sports organization in an executive capacity, it is best not to accept life changing career advice from her. She may mean well, she may be only thinking about herself, you don't know, but at the end of the day, it is best to listen to the professionals. 

Additionally, whether you are on a squad or in a solo sport, once you get signed, you will have a team of professionals behind you and you need to make the best effort you can to cooperate and work with them. No man is an island. There's nothing wrong with getting help from others under the correct, prearranged terms, hammered out in proper contracts. And remember, you head up your personal business team, you set the agenda, don't let anyone push you into anything you do not feel comfortable doing.

Work with knowledgeable, experienced people, as it will make a difference in how much of an impact your career makes and how much income you earn. It's not about greed, but one must keep in mind, the average professional athlete's career lasts roughly 5-years. Some exceed that, but many fall under the five year average as well. Therefore, you need to make the most of it while you have it, to set yourself and your family up financially for the future. As the Judiciary Report always advocates, use a small portion of your earnings to start a sensible business.

Bills don't pay themselves. Think big and try to think ahead and with that in mind, make the most of today with the best deals and endorsements your team can find. 

Maximize Your Career Opportunities

Maximize your opportunities while you have them. Make the most of your opportunities while they are there. Don't assume they will always be. Accidents, injuries and sales declines have hampered many careers. The key is to make the most of fame while you are on top, taking advantage of sound business opportunities and creating sensible business ventures to set you up for life.

Too often entertainers and athletes waste precious time, relaxing in complacency, believing the fame and opportunities will always be there, but that’s rarely the case. Proper deals need to be sought and struck to create lasting financial success.

Floyd Mayweather Named The World's Highest Earning Athlete

Floyd Mayweather calls himself "Money" for a reason...

Undefeated boxer Floyd Mayweather has been named the highest earning athlete in the world by Forbes magazine. "Money May" earned an estimated $105,000,000 over the past 12-months to top the list. Mayweather, who resides in Las Vegas and has a home in Miami, has branched out into various areas of commerce. He has Mayweather Promotions in boxing, Shots in social networking, as well as making investments in various companies.

Floyd Mayweather and Lebron James

Coming in second on the list is football superstar, Cristiano Ronaldo, earning $80,000,000 over the past year. The Portuguese footballer, who previously played for Britain's Manchester United, is now with Real Madrid in Spain, racking up win after win on the pitch. Cristiano is quite happy with his earnings. He was spotted doing the samba in Brazil, during a World Cup training session that left social networking laughing in stitches. Cristiano also piped his top football rival regarding Forbes' rich list. Gifted footballer Lionel Messi placed fourth on Forbes' list, earning  $64,700,000.

 

Cristiano dancing is pure comedy

Ranking third on the list is the Miami Heat's Lebron James. King James, as he is affectionately called, is currently the best basketball player in the world. Lebron pulled in an estimated $72,300,000 over the past year. Forbes stated, "James is the NBA’s biggest endorsement star, thanks to deals with Nike, McDonald's, Coca-Cola , Upper Deck and others. Sales of his signature Nike shoes were tops among active players at $300 million in the U.S. during 2013."

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Floyd Mayweather Heads 2014 List Of The World's Highest-Paid Athletes

6/11/2014 @ 10:54AM 70,018 -  Money Mayweather regains his spot as the world’s highest-paid athlete...Mayweather earned $105 million during the past 12 months for 72 minutes of work in the ring for fights against Canelo Alvarez and Marcos Maidana. The payday puts Mayweather atop Forbes’ annual list of the world’s highest-paid athletes for the second time in three years. Mayweather is the first athlete, besides Tiger Woods, to crack the $100 million earnings threshold (Michael Jordan, Michael Schumacher and Mike Tyson have also turned the trick on an inflation-adjusted basis)...

http://www.forbes.com