Las Vegas —
Floyd Mayweather Jr. is guaranteed a purse of at least $32 million, the Nevada State Athletic Commission reported Friday, a record guarantee tally for the unbeaten five-division champion who'll fight Puerto Rico's Miguel Cotto Saturday night at the MGM Grand Garden Arena.
Mayweather's pay, based on his cut of advance pay-per-view sales, will go higher when total pay-per-view buys are tallied. HBO is charging $69.95 for the bout, a World Boxing Assn. super-welterweight title defense for Cotto (37-2, 30 KOs).
Fight promoter Richard Schaefer said this week that the bout could generate more than 1.5 million buys.
The prior Nevada record for a fighter's guaranteed purse was $30 million, accomplished three times by Mike Tyson in both of his fights against Evander Holyfield and another against Frank Bruno.
The combined guaranteed purses of Mayweather and Cotto, who'll get $8 million, fell $1 million short of Nevada's total purse record, still held by Tyson and Holyfield in their June 1997 rematch at the MGM Grand, when Holyfield earned $11 million.