Since boxing is seen today as a total craze, the question of how much a boxer earns is often asked. This question also arises because many people do not know how much a professional boxer earns monthly, per fight, or week.
Now, let’s discuss other ways boxers make money apart from fighting or jumping into fights and how they continue to make money using their skills for life.
How Much Do Professional Boxers Make?
It’s almost impossible to answer how much boxers make per month or fight because there are quotas within boxing and different sets for each category; less than 1% of pro boxers make a million fights more than dollars.
An average boxer earns around $50,000 a year, and some boxers seem to struggle in this field and barely earn enough money to live their daily lives.
Factors That Go into How Much Professional Boxers?
A boxer’s earnings depend on various factors, including how well and in what ring he fights. There is no doubt that a Boxer’s life is very attractive and desirable for many people, but their real life is more difficult than their dreams.
Boxer’s income depends on these factors:
- Fighting Record
- Category of Boxer
- Promoters
- Management
- Fight Negotiations
- Sponsors & Management
- Marketing
- Entrepreneurship
- Money Drawing Ability
Fight Records
A boxer’s earnings mainly depend on the boxer’s record. A boxer with a good record is more entitled to earn more.
If a boxer puts on a good fight, which improves his record, and goes undefeated in most fights, his demand and viewership will increase, increasing his income.
Types of Pro Boxers
Boxer fights are not limited to one category; a boxer plays in different categories, and his earnings also depend on the type of fight that the boxer does. Overall, a boxer does three major and different types of fights.
- Champions
- Contenders
- Opponents
Champions
Well, champions are the star of everyone’s eyes everywhere, but in terms of earnings, the champion’s salary is the highest in the world of boxing, and they are at the top of the highest earning ranks in every way.
Old boxing fans and people interested in the sport always love to see the champion in the arena and fill the stands whenever they get news of a champion’s fight.
With more fans, such boxers are more motivated and preferred in every grossing slot because of their earnings and the increase in viewership.
Contenders
Boxers who are up and coming and have the potential to become world champions in the coming days are showing the potential to become high-earning opponents for future world champions.
Most of the earnings of such boxers come from ticket sales and base salary as they have less experience, and their salary is not high but average, but with experience and best performance, they get paid. It keeps growing.
Opponents
The earnings of such a boxer depend on fighting with the big boxers in front. The promotion of the champion boxer in front brought such a boxer to the arena.
The potential salary of such a boxer for a fight starts from two to three thousand dollars, but as the opposing boxer’s experience increases, his earnings also increase.
Promoters & Managers
A boxer’s earnings also depend on his promoter and agent. The top boxing promotions worldwide provide the highest payouts to their champions and contenders.
When a boxer gets an agreement with the best agent or promoter, his chances of earning more money increase, so every boxer wants to have an agreement with the top boxing promotion in the world.
For this purpose, most often, contact a sports agency or boxing manager and negotiate an agreement with him. After the agreement between boxers and promoters, these agents and managers try to find the best deal for the boxers.
Yes, but like in every field, some scammers, agents, and promoters fail to get such a boxer a decent deal and salary.
Fight Negotiations
Big-level boxers don’t accept low-level contenders and smaller opponents because their reputations are so good that they can be fought anywhere and know they’ll be promoted before the fight. Like, have gone through negotiations with.
Any agreement is free to go through the final process in which both the champions and the younger boxer enter into an agreement stating their desired salary requirements. After that, they sign the agreement.
Yes, but sometimes, when a fight is going to be between a major champion with a high profile or high voltage status, the summaries of such agreements can be long and brutal.
Sometimes, there is a delay in such an agreement because the two free cans do not agree; therefore, sometimes, the final date of the competition is delayed, and sometimes, the competition is also postponed.
Sponsors & Endorsements
A champion and high-profile boxer has many other sources of income apart from fights, including sponsorship deals with various companies, acting as their agents, and other lucrative deals.
These boxers act as brand ambassadors for any company concerned about increasing their revenue, benefiting the company and the boxer. From there, he can earn extra money by making a big contract.
Entrepreneurship
A champion boxer is always smart, and he does not expect to earn his income from only one place. Still, he has an entrepreneurial mind and invests his capital and time in other businesses.
For example, Floyd Mayweather and Oscar De La Hoya invested the money they got from Pak Sing in other businesses outside where they got a steady income.
Money Drawing Ability
When a boxer steps into the ring, the most important thing for him is to win the fight no matter what. His ability to earn money also depends on the fact that if he wins the fight, his fame will increase, and the viewers will see him.
In this way, its demand will increase, companies will be willing to make more and more agreements with it, and thus, they will get more money.
Floyd Mayweather’s biggest payday
$280 million
Vader still holds the record for the highest-grossing boxing match, Floyd Mayweather, with $280 million.
How much did McGregor earn against Mayweather?
The fight was very profitable for both Mayweather and McGregor in terms of money. In terms of earnings from this fight, Mayweather earned $280 million, while McGregor earned $130 million.
How much money did Canelo make in his last fight?
Roundabout 30 and 35 million dollars
In terms of money for the fight, Alvarez had a $30-40 million advantage to fight against Jaime Munguia in Las Vegas.
They did not only get income from here, but their real income was big when they got from the publicity and viewership of this fight after this fight.
What is the Mayweather record?
50-0 record
There’s no doubt that Mayweather holds many outclass records, including a perfect 0-50 record in five weight classes, 20 knockouts, and 12 world championships.
How much money did Canelo make in his last fight?
Estimated between 30 and 35 million dollars