In Professional Boxing, Who Figures Out the Salary Purse for the Winning and Losing Fighter?
In professional boxing, the salary purse for the winning and losing fighter is determined through negotiations between the fighters' promoters, managers, and the boxing sanctioning body. The purse typically includes a base amount, as well as bonuses for winning, performance, and other factors.
The promoter of the fight is responsible for securing the funding for the purse. The promoter typically works with the fighters' managers to determine the base amount and bonuses. The promoter also works with the boxing sanctioning body to ensure that the purse meets the requirements of the sport.
The fighters' managers are responsible for negotiating the best possible deal for their clients. The managers typically have a good understanding of the market value of their fighters and are able to use their leverage to negotiate a favorable purse.
The boxing sanctioning body is responsible for ensuring that the purse is fair and equitable. The sanctioning body typically has rules that govern the minimum purse that can be paid to fighters. The sanctioning body also has the authority to approve or reject the purse.
Related Questions
- Who is responsible for securing the funding for the purse? The promoter of the fight.
- Who typically works with the fighters' managers to determine the base amount and bonuses? The promoter.
- Who is responsible for ensuring that the purse is fair and equitable? The boxing sanctioning body.
- Who has the authority to approve or reject the purse? The boxing sanctioning body.
- What are some of the factors that can affect the size of the purse? The fighters' records, experience, and popularity.
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