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Professional boxers are among the best paid professional athletes in the world. Some of the highest-paid boxers earn millions of dollars in just one or two fights a year.
Of course, not all professional boxers have extravagant salaries nor do they all fight a limited number of fights.
Some professional boxers fight as much as they can to survive.
The difficulty in determining the payment of professional boxers is that there are many federations in which fighters participate.
Not to mention the fact that many boxers earn a minimum amount of money until they arrive fighting to be among the best. Most fighters are paid by combat.
This is known as “fight for a prize” and the winner of each prize usually receives the “bag”, a predetermined prize that generally distinguishes. The winner from the loser of the fight in terms of pay. Professional fighters of smaller ranks generally earn considerably less than the most famous and best-ranked fighters, who can earn millions a year.
The Bureau of Labor Statistics provides information on the pay of professional athletes of all sports that includes both low-level and high-level pay scale.
According to the Bureau, the payment of all professional athletes is generally in the range of US $ 15,000 to the US $ 166,400 per year, with a reported average salary of US $ 40,480.
In an April 2008 article on the Yahoo Sports website, Kevin Lole reported his findings of the Nevada Athletic Commission, in which Bernard Hopkins and Joe Calzaghe received payments of $ 3 million each for their fight from 2008.
Manny Pacquiao and Juan Manuel received US $ 3 million and the US $ 1 million respectively for a fight. However, the next highest-paid boxer of that event only won $ 20. 000 and the rest earned less than the US $ 5,000. The number of boxers with low pay may depend on how much they can fight and win.
The highest-paid boxers are usually the ones who fight the least. And earn the most money in just a few fights a year transmitted by event pay.
In 2009, Forbes magazine indicated the gains of professional athletes. Within which there were two boxers within the best 20 of the year. La Forbes mentioned that Manny Pacquiao and Oscar de la Hoya were the ones who won the most among professional boxers with the US $ 40 million and the US $ 32 million respectively. The amounts won by Pacquiao and de la Hoya were partly due to their popularity. As millions of dollars went through the purchase of their fights for payment per event. However, sponsorship gains were also factors in the amount each boxer won.
Rasmussen University reported that the chances of becoming a professional athlete are 24,550 to one. The road to becoming a professional boxer is arduous. Professional boxers reach professional rankings through a combination of training, luck and have some contacts.
Being with the right promoter or coach can be the difference to have a chance to get to the standings, but boxers still need to win fights. The International Boxing Federation, the World Boxing Association and the World Boxing Council are considered the three most important bodies in terms of professional boxing fights.
Membership fees are normally required to be a member of these organizations. And is licensed to box is a requirement generally required in states that allow professional boxing fights. Boxers usually hire experienced coaches and promoters to prepare and promote them in their career.