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Employment Contract between Professional Boxer and Manager

Cuyahoga Ohio Employment Contract between Professional Boxer and Manager

Name: Cuyahoga Ohio Employment Contract between Professional Boxer and Manager
Brand: US Legal Forms
Rating: 4.67 (237 reviews)

Category:

Employment - Agreements - Professional Boxing

State:

Multi-State

County:

Cuyahoga

Control #:

US-01722BG

Format:

Instant download

Description

This form contains such provisions as:

" Employment of Boxer
" Boxer's Compensation
" Manager's Efforts
" Boxer's Compliance
" Exclusivity of Contract
" Training and Travel
" Uniqueness of Boxer's Services
" Official Approval
" Manager's License
" No Waiver
" Governing Law

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How to fill out Cuyahoga Ohio Employment Contract Between Professional Boxer And Manager?

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FAQ

In 2018, the average pro boxer earns $35,584 per year in a range that runs from $22,000 at the low end to $37,000 at the high end. Pro boxers have to pay their own travel, training and management fees from these earnings, so their take home pay may be far less than the figures suggest.

Boxers need managers to guide their careers effectively. They can help boxers fight the right matches, receive the best compensation, and fight in well-attended events. Moreover, boxers rely on managers to share the high-demand responsibilities of being a professional athlete.

The boxer's manager negotiates the purse in the contract on a case-by-case basis before the fight. Pay ranges from a couple of hundred dollars to millions of dollars per fight and is highest for popular fighters in televised and title fights. Annual earnings also depend on the number of times a boxer fights in a year.

On average, boxers earn about $2,225 per fight early in their careers. More experienced professionals earn about $6,875 on an average per fight, before expenses and taxes. Most fighters only have about 4 to 5 fights per year, making them on average about $30,000 $38,000 annually, excluding sponsors and endorsements.

A purse bid, essentially, is a process in which promoters bid for the right to stage a fight. The promoter who bids the highest will win, with that figure then divided by the purse split - which determines the share each boxer will earn from the fight.

All-time Most Expensive Boxing Contracts Deals Most Expensive Boxing ContractsBoxersContract DealPromotorsCanelo Alvarez$365 millionDAZNFloyd Mayweather Jr$450 millionShowtimeTyson Fury$100 millionESPN3 more rows ?

Now consider this: There are approximately 20,000 active professional boxers and over 1,000 professional MMA athletes in the world, according to figures from Boxrec, UFC, Bellator, and the World Series of Fighting.

Each boxer's purse (the amount they are paid for the bout) is negotiated before every fight. Boxers are paid differing amounts based on their match up, who is favored, sponsors, and previous experience, among other factors.

Professional boxers are career athletes at the very top of the sport. They make a living from the bouts they participate in, and world champions like Anthony Joshua can also make money through endorsements and sponsorship. The path to becoming a pro boxer is very difficult.

This contract constitutes the sole agreement of the parties, and Boxer and Manager both certify and promise to each other and to the Commission that Boxer and Manager have no other oral or written agreements with each other concerning Boxer's earnings, Manager's compensation or any other aspect of Boxer's career.

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Cuyahoga Ohio Employment Contract between Professional Boxer and Manager

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Do you get paid as a professional boxer?

Does a pro boxer need a manager?

How do boxing contracts work?

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How is a boxing purse split?

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Can a boxer be considered a professional?

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Interesting Questions

What is an employment contract between a professional boxer and a manager?

Why do professional boxers need an employment contract with a manager?

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How long does an employment contract between a boxer and a manager usually last?

What kind of compensation terms are usually included in a boxer's employment contract?

Can either the boxer or the manager terminate the employment contract?

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