Cleveland (WOIO) - Floyd "Money" Mayweather Jr. is the world's highest paid athlete by a long shot. In his past two fights, the pound-for-pound boxing king earned an estimated $73 million in purses alone. The welterweight's upcoming title unification bout against Saul "Canelo" Alvarez should guarantee he stays on top of the earnings throne.
Golden Boy promoter Richard Schaefer announced Mayweather will make a guaranteed 41.5 million for the Sept. 14 bout. This fight purse annihilates the previous record set by Mayweather in 2012 when he defeated Miguel Cotto for a $32 million purse.
"Floyd is the biggest star in the sport and the best in the sport, and when you're the biggest star and you are the best, you get paid the most money," Mayweather's adviser Leonard Ellerbe told ESPN.com. "So this comes along with the territory."
With the fight expected to possibly break the all-time pay-per-view record as well, Golden Boy Promotions has no hesitancy telling the fans why. "This record purse shows you three things," Schaefer said. "No. 1, it shows you how big Floyd Mayweather is, which we all knew. But it shows you that he is not just breaking records, he [is] breaking them by far. And third, it just shows you [how] big this fight with Canelo is. It's insane."
Alvarez will show up to fight "Money" with an undefeated record of 42-0-1 with 30 knockouts. He is expected to earn a purse over $10 million.
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