The sum of money Floyd Mayweather Jr. is making for merely appearing in the ring reportedly reached a new record high, according to news that broke Wednesday.
According to Leonard Ellerbe, CEO of Mayweather Promotions, and Golden Boy Promotions head Richard Schaefer, Mayweather will receive a $41.5 million guarantee for his impending Sept. 14 fight against Canelo Alvarez.
ESPN.com’s Dan Rafael broke the news:
Dan Rafael ✔ @danrafaelespn
Hang on to your hat. @LEllerbe & Richard Schaefer say that @FloydMayweather’s purse for Canelo fight will be all-time record $41.5 million.
Mayweather has shattered his own record in guarantees for this latest bout, which will be held at Las Vegas’ MGM Grand Hotel and Casino. In each of his previous two showdowns against Miguel Cotto and most recently Robert Guerrero, Mayweather received a guaranteed $32 million, according to Forbes’ Kurt Badenhausen.
This certainly gives Money May plenty more dough to add to the bankroll, regardless of the outcome of the fight that is being labeled “The One.”
With the WBA super welterweight title on the line along with Alvarez’s WBC and The Ring light middleweight titles, the hype surrounding this showdown certainly won’t be minimized in light of Mayweather’s exorbitant guarantee.
The 36-year-old boasts a perfect 44-0 record in his illustrious pro career, but faces a formidable foe in Alvarez who himself has never lost as a professional, with a 42-0-1 record.
A catchweight of 152 pounds has been established for the fight, and considering Mayweather’s endurance and the patient style of Alvarez, this one should go all 12 rounds.
Even if this fight does live up to its monumental billing—and is worth the high-definition pay-per-view cost of $74.95 on Showtime PPV, per Badenhausen—justifying or even fathoming this kind of payday is difficult in any context.