Canelo vs Khan purses explainedHot
In what should prove to be one of 2016's most highly publicized boxing events, Canelo Alvarez will defend his coveted WBC and Ring Middleweight belts against former 140 pound champion Amir Khan this evening at the newly erected T-Mobile Arena in Las Vegas, Nevada.
Despite being a huge ticket item at the $365 million facility, both fighters' respective purse amounts have been released by the Nevada State Athletic Commission, and are a bit surprising at first glance.
Canelo Alvarez is listed to receive a guaranteed $3.5 million, while Khan is expected to make a whopping $2 million. Although the listed proceeds are amazing for one night of action, both fighters stand to make a lot more for this entire endeavor when you consider profits on the back-end.
Because most of gross proceeds will be collected over the course of the next several months by the various satellite and cable distributors who will be broadcasting the presentation around the world, the promoter's guaranteed amount listed by the NSAC is merely a fraction of their entire earning potential.
Alvarez should make several million dollars more with an exclusive licensing fee paid by TV Azteca in Mexico, as well as a generous percentage of the overall PPV proceeds, which could reach as high as $17 million if the televised purchases exceed network expectation.
Because Khan is the big draw in United Kingdom, he stands to make several more million dollars from an exclusive deal with BoxNation, as well as points from PPV performance as well. The boxer/puncher from Bolton could earn as high as $ 13 million for tonight's efforts in the ring.
Not bad for one night's activity from two fighters who aren't named Mayweather and Pacquiao.
Because the cable and satellite distributors deliver the package and collect the great majority of the money generated from this endeavor, they customarily require a 50% fee of gross PPV proceeds. So both Canelo and Khan are hoping for numbers approaching the 1 to 1.5 million purchase mark to achieve their maximum earning potential.
When one considers the idea that both fighters are willing to take brutal punishment for the paying customers' sports entertainment, it could be argued that both fighters are deserving of such mammoth purses.
Tonight's fight card from Vegas will be presented by HBO PPV and Golden Boy Promotions with a purchasing price of $59.99 in SD and $69.99 in HD by your respective cable and satellite carrier. The show will begin at 9PM ET/6PM PT.