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I assume GSP was getting $3 Per PPV buy combined with his endorsements to get to 5 Million. Plus he probably gets a portion of the gate whenever he fights in Canada.
That $5,000,000 is what UFC pays GSP. He also has endorsements on top of that. Many fighters make 7 figures a fight and even more make 7 figures a year. Just about anyone with a PPV cut will break the 7 figure a year mark and many will break it in one fight.