On Tuesday the 19th Floyd Mayweather announced that he is climbing back into the ring May 4 to face off against Robert “The Ghost” Guerrero. The fight was expected, but the real surprise came with the news that Mayweather would leave long-time partner HBO for a pay-per-view deal with Showtime Networks. The six-fight, 30-month deal was called the “richest individual athlete deal in all of sports” in a press release.
This marks a huge loss for HBO. Mayweather’s nine HBO PPV events generated 9.6 million buys and $543 million in television revenue, according to the network. Mayweather has been part of the four biggest non-heavyweight PPV events in boxing history. With the recent struggles ofManny Pacquiao in the ring, Mayweather is the undisputed king of PPV.
Mayweather was the world’s highest-paid athlete in our June 2012 list with earnings of $85 million, based on his fights with Victor Ortiz ($40 million) and Miguel Cotto ($45 million). Mayweather is able to command a bigger piece of fight revenues by acting as his own fight promoter through his company Mayweather Promotions. He collects all of the revenue from tickets, pay-per-view and sponsorships and covers the costs, including the purse for his opponent.
Source: Forbes.
Source: Forbes.
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