Jake Paul, a renowned figure in professional boxing, has raised concerns about the UFC’s inadequate fighter compensation system, revealing that undercard fighters earn between $40,000 and $1.5 million. His pay model has seen great success, as evidenced by the significant increase in Amanda Serrano’s earnings from $10,000 to $2 million per fight. The imminent boxing encounter between Paul and Mike Tyson is a testament to the changing tides in the sport which exemplifies the bridging of different boxing eras.
Recently, Jake Paul has openly shared his strategy in terms of how undercard fighters are paid, shedding light on the fact that it bears resemblance to the UFC’s pay model. As an advocate for better remuneration for fighters, Paul has been vocal in his criticism of the UFC’s small revenue allocation towards its fighters. This was further emphasized during his recent participation in the FULL SEND PODCAST where he engaged in a lively debate with the Nelk Boys regarding fighter pay.
The Nelk Boys, who are closely associated with UFC CEO Dana White, questioned the severity of the pay issue that Paul brought up. Paul reported to have generated a rough estimate of $300 million in pay-per-view revenue over the course of his 11-fight professional boxing career, and contrasted his payment system with UFC, which offers a base pay of $12,000 for fighting and a similar amount for winning.
Organising events is a challenging task according to Paul. The team is deluged with fight requests and needs to carefully select participants focusing on nurturing new talents alongside the attraction of established names. Furthermore, crossover fights such as Uriah Hall versus Julio Cesar Chavez Jr add an exciting dimension. The fight card’s remuneration varies based on the fighters’ standing and could span from $40,000 to $1.5 million.
Jake Paul censured UFC for its unequal income distribution, emphasizing that while they are not a $6 billion company like UFC, they still manage to offer a fair deal. Unlike the UFC, which makes billions but pays fighters just 12% of the income, Jake Paul’s model offers more substantial compensation to fighters. This discrepancy is the root cause of his complaints against UFC’s pay structure.
The Nelk Boys countered Paul’s argument by challenging the long-term viability of his payment model in comparison to an established promotion like UFC. However, Paul responded by underlining how his system paralleled UFC’s multi-fight contract approach, citing the case of regular fighters like Amanda Serrano and H2O Sylve who have profited immensely from participating in Paul’s events.
Paul revealed that under his model, Amanda Serrano’s pay escalated from a meagre $10,000 to a whopping $2 million per fight. This salary hike made her the highest earning female boxer. Paul acknowledged the difficulty of establishing a boxing organization akin to the UFC attributing it to boxing’s longstanding history and the presence of several major players.
Paul admitted the complexity of emulating the UFC style set up in boxing. He cited the deeply embedded history and diverse power structures in the sport as substantial impediments. In spite of these challenges, Paul has strived to create a more equitable system of remuneration for fighters.
Jake Paul, coming off a sixth-round TKO win over Mike Perry, is poised to face boxing legend Mike Tyson on November 15. The scheduled duel is a highly anticipated one, brewing excitement among fans as the seasoned veteran, Tyson, is to stand against Paul, an emerging figure in the boxing world.
In this high-stakes bout scheduled for November 15, the iconic boxer, Mike Tyson, will be pitted against Jake Paul. This bout serves as a captivating confluence of distinct generations of boxing, juxtaposing Tyson’s rich legacy against Paul’s emerging career in the sport.
Expectations are high for this duel, potentially leading to large earnings for both competitors. Nevertheless, the big payday is notable even for Tyson who was among the highest-earning boxers during his peak in the 1980s and 1990s. This face-off not only showcases Tyson’s timeless appeal but also signifies the evolving nature of boxing as it incorporates social media influence and prioritizes entertainment value.
The sport of boxing has indeed undergone a seismic shift, with social media popularity and entertainment becoming increasingly instrumental in sculpting the landscape. This upcoming face-off is indicative of just that, revealing how these aspects are steadily gaining importance in the sport. Netflix, recognizing these shifting dynamics, has chosen to stream this high-profile match on their platform.