How much of a fighters purse goes to Coaches/Training Partners/etc

[Legendary]

Lets say X fighter gets paid 30k. What percentage of his purse goes to his coach, training partners, medical expenses, food, overall training expenses?

I think the industry standard is 10% for coaching/gym , so there goes $3000.

Lets say you pay 2 guys for you to spar hard with during camp. You pay them another $3000.

Transportation/Accommodations for fight Team for 5 days approximately. Another $3000

Then say $1000 for various expenses(Food, Equipment, Gym memberships, etc)

You fight 3x/per year. You win 2/3 of the fights. Making it 20k+20k+7k=47k after expenses

You are able to deduct the training expenses, but you still fall into the 25% bracket which comes out to a 16% effective tax rate, taking another roughly 7.5k

47k- 7.5k. 39.5k take home or about $750 a week, just a few grand more then average US individual income. Enough for a single person sure, but for a someone who wants a family its not probably not enough.

sad

 

[DragonRising]

bout tree fiddy

 

[TinkleMan]

bout tree fiddy

Beat me to it

 

[fanofviolence]

don't forget about that reebok money!!!!!! sarcasm

 

[exHeavyHippie]

Lets say X fighter gets paid 30k. What percentage of his purse goes to his coach, training partners, medical expenses, food, overall training expenses?

I think the industry standard is 10% for coaching/gym , so there goes $3000.

Lets say you pay 2 guys for you to spar hard with during camp. You pay them another $3000.

Transportation/Accommodations for fight Team for 5 days approximately. Another $3000

Then say $1000 for various expenses(Food, Equipment, Gym memberships, etc)

You fight 3x/per year. You win 2/3 of the fights. Making it 20k+20k+7k=47k after expenses

You are able to deduct the training expenses, but you still fall into the 25% bracket which comes out to a 16% effective tax rate, taking another roughly 7.5k

47k- 7.5k. 39.5k take home or about $750 a week, just a few grand more then average US individual income. Enough for a single person sure, but for a someone who wants a family its not probably not enough.

sad

ask anyone without a college degree if they would be happy making 47K/year with several LONG (only three fights per year right?) vacations. What do you think their response would be?

 

[octagon888]

yeah I don't want to be a fucking fighter.

 

[green giant]

ask anyone without a college degree if they would be happy making 47K/year with several LONG (only three fights per year right?) vacations. What do you think their response would be?

The sad thing is most people with college degrees don't even work in the field they went to school for. Ha