Found May 04, 2012 on
Floyd "Money" Mayweather Jr. has set the record for the largest contract guarantee for one fight in boxing history.
Mayweather will set the record with a guaranteed $32 million for his junior middleweight title challenge from Miguel Cotto on May 5 at the MGM Grand Garden Arena.
Mayweather's deal will pass the previous largest guarantee of $30 million, which Mike Tyson received when he fought Evander Holyfield in 1997. The heavyweight championship rematch is remembered mostly by the infamous ear-bite Tyson gave Holyfield.
Golden Boy promotions is the company responsible for the guaranteed money and CEO Richard Schaefer told ESPN "Floyd is in a league of his own."
Mayweather will also make money on the profits made from pay-per-view.
Miguel Cotto will earn a career-best $8 million plus profits made from pay-per-view sales.
BEST OF MAXIM
NOT GOING DOWN
After defeating Miguel Cotto by unanimous decision, Floyd Mayweather Jr. insisted that a fight between him and Manny Pacquiao will never happen because Pacquiao doesn't want it to.
Is Floyd Mayweather bleeding? In the boxing world there was no bigger question that rained down upon Saturday night. At 35, to watch the money-man bleed was perhaps a sign.
During the waning rounds of the fight against Miguel Cotto, Floyd had the chance to knock him out, he just didn’t.
Please click the link below to watch a slick video of both Mayweather and Cotto and to read...
WWE star Triple H accompanied Floyd Mayweather Jr. to the ring ahead of his boxing victory against Miguel Cotto Saturday night in Las Vegas. Triple H, wearing a suit jacket, was carrying one of Mayweather’s championship belts and held it above his head during Mayweather’s ring introduction.
He appeared to sell the arm “injury” he received at the hands of Brock Lesnar with...
Floyd Mayweather Jr. has been doing this all his life, since he was a scrawny kid seeking solace in the gym. The ring is his comfort zone, and he'll enter it Saturday certain as ever that when the night is through he'll not only be a lot richer but still unbeaten.
Miguel Cotto is certain of a few things himself. Certain that he has conquered his worst fears in boxing, certain...
Boxing just isn't the betting interest at the book that it used to be, as mixed martial arts has siphoned off a chunk of boxing interest and has become the largely more popular sport. But there are two boxers who drive the public interest and betting needle more than any other nowadays: Floyd Mayweather Jr. and Manny Pacquiao. Depending on whom you ask, either Mayweather or Pacquiao...
In Thursday’s edition of our fight week coverage for the Rings Kings card that will feature Floyd Mayweather Jr. vs. Miguel Cotto on May 5th, “Sugar” Shane Mosley gives us a quick breakdown of the main event. Mosley over course fought Mayweather in 2010 and had Mayweather in serious trouble in the second round. Mayweather [...]
In this pre-fight interview before he takes on Miguel Cotto, Floyd Mayweather Jr. says he doesn't think the big fight with Manny Pacquiao will ever happen.
"Invincible men only exist in movies" - Pedro Diaz (Cotto's trainer) I could've sworn I saw one standing across from his fighter last night in Fight City, Nevada. Floyd Mayweather Jr. ran his record up to 43-0 last night inside of the MGM Grand Garden Arena with a unanimous decision (117-111 x 2, 118-110) over now former WBA Super Welterweight champion Miguel...
Floyd Mayweather Jr. vs. Miguel Cotto weigh-in.
Yesterday at the final press conference for the big Floyd Mayweather Jr. vs. Miguel Cotto bout we ran into super middleweight kingpin Andre Ward. Ward was taking in the fight week festivities as he took pictures with fans and chatted with assembled media. Andre spoke to our Fight Hub TV cameras as he breaks down [...]