“This record purse shows you three things,” Schaefer said. “No. 1, it shows you how big Floyd Mayweather is, which we all knew. But it shows you that he is not just breaking records, he breaking them, by far. And third, it just shows you (how) big this fight with Canelo is. It’s insane.”
Alvarez’s purse has not been disclosed yet, but sources involved in the event say it is more than $10 million. His contract will be filed with the Nevada commission next week.
According to Schaefer, Mayweather-Alvarez already has broken the all-time gate record with ticket sales to sold-out MGM Grand Garden Arena generating $19.1 million, breaking the record of $18,419,200 set by Mayweather-De La Hoya.
Ellerbe said they are also on their way to selling out 25,000 closed-circuit tickets at MGM properties in Las Vegas at $100 per ticket.
Millions of dollars more will flow into the promotion from foreign television sales, event sponsors, national closed-circuit revenue (including from the fight being shown in more than 500 movie theaters) and merchandise.
Article Appeared @http://espn.go.com/boxing/story/_/id/9635925/floyd-mayweather-jr-guaranteed-415m-purse-saul-alvarez-bout