Saturday’s Fight Net Contestant Shares: GGG, $4M; Canelo, $2,348,550

 

By ALAN SNEL

LVSportsBiz.com

 

Gennady “GGG” Golovkin left the ring disappointed after his rematch loss to Saul “Canelo” Alvarez at T-Mobile Arena Saturday night.

 

But at least Golovkin walked away with some cash.

 

Golovkin’s net contestant’s share was $4 million, according to paperwork with the Nevada State Athletic Commission dated Sept. 15.

 

Golovkin’s gross purse was also $4 million and no other money was taken out for taxes or licenses.

 

Meanwhile, Alvarez, who won the close fight in a majority decision, had a total purse of $5 million. But then there were costs of $1.2 million for tax, $1 million for corner fee, $451,200 for sanction fees and $250 for licenses.

 

After those deductions, Alvarez came away with $2,348,550 as his contestant’s share. Neither Golovkin nor Alvarez signed the payment verification and breakdown sheet, but signatures by their managers or someone in their camps allowed them to get paid.

 

Alvarez also walked away with this belt.

 

And if you’re wondering how Alvarez beat the previously undefeated Golovkin to win the middleweight crown, here’s the scorecard.

The gate revenues are unknown at this point. In the first Canelo-GGG fight a year ago, the gate hit just north of $27 million — third highest in the state of Nevada behind Mayweather-Pacquiao and Mayweather-McGregor.

 

Keep in mind the purses represent only part of the fighters’ income from a fight of this scope. There are pay-per-view revenues to be split that will be in the millions of dollars. PPVs were expected to tickle the 1 million mark at $85 per buy.

 

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Plus, there were corporate sponsorship deals (think Tecate beer signs everywhere) and broadcast revenues to divvy up.

 

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