When a fighter makes a million dollars how much does he go home with_ We asked Robert Garcia

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00:00A fighter makes a million how much does the fighter actually walk home with because Bernard Hopkins once said that he made like crazy

00:06Money, and he walked home with 17,000

00:09If you make a million, I'm just gonna give you on paper. All right, you know

00:12Yeah, a million dollars a fighter normally pays 30 percent manager train. Okay, so that's 700

00:19So that's 700 from that 700 used to go to pay taxes, which is so so no

00:23I don't have a lot of write-offs. Okay, you know boxers, you know, you're a self-employed

00:28So everything is a write-off. So you end up paying maybe from the seven you end up paying maybe

00:34150 200 so you keep 500 for sure. So it's like half so it's not a million you walk on with that

00:40But still it's enough 600. So if you get a million payday, it's not like you're gonna have a million in your pocket

00:44You're gonna have 500. That's why I said, you know

00:46Keep 600 five to six hundred by yourself to small properties that are that are gonna give you a thousand dollars a month

00:53Each but in fucking 20 years

00:56That rent is gonna be worth 3,000 each. That's true. And plus you'll only have a place to stay house in Oxnard

01:01Yeah, my house in Oxnard. I bought it for 250 in 2000 and that was amazing back then 250 was probably very expensive

01:07it was a new house the new fucking development and whatever everybody was crazy about those homes and

01:14In a time I have my house in Oxnard where I lived in Oxnard and

01:18And I never sold it and that when I was living there

01:22You know, if you ask around the rent was probably going for 1200, you know

01:27Right now my house is I'm renting for 3,300. That's Beverly Hills prices. That's Beverly Hills prices

01:34Is worth over 600 it's paid off already for the houses though house is worth over 600

01:38What do you're like if I want to sell it I sell it and I have

01:42600 what taxes where I keep half a million invest somewhere else, but why would I fucking say no, that's like retirement

01:49If it's giving me 3,300 a month clean profit every day every month every month 3,300, why would I fucking sell it?

01:57You know what? I mean?

02:00Right here. I got a condo. I have a country in Morneau Valley. I bought it for 105. That's not it's a three-bedroom condo

02:06That's amazing 105 and I'm getting 1,300 every month. Did you buy a brand-new? Yeah. No, it wasn't brand-new

02:11But it was it was a hundred and five. That's nothing. That's really cheap today. You can't buy anything like that

02:17Condos here to he's got three now in the same area

02:20But when he barely moved here two condos were my my sister

02:24My my two sisters and my grandma have their their places right there

02:27He got two condos for like $50,000 one was 60 and the other one was 50 and he rented it out for like like 1,300 each

02:35So he made the money back, you know, it's easy

02:39That's what you have to think about I mean, I know it's fun to buy crazy jewelry and nice stuff

02:44But you're young, you know, so you buy it

02:47Why are you doing that because right now you're still not in a level in a position where I I know you're not spending all

02:52Your money because you're not making a lot of money. But if I knew you were making

02:56$600,000 and buying

02:59$400,000 car then I'd be telling you something

03:01I see a lot of it in every sport a lot of

03:04Athletes go bro a lot of them in every sport because they one thing the NBA player told me that it lost 20 million

03:09He goes Ellie

03:09I thought I'll get another contract and the next contract never came never comes and he never saved his money

03:13No, he bought this way

03:15He partied every weekend and they spend like $50,000 on a party that next but sometimes the some fighters that next fight is never gonna

03:21Come no. So what do you do? You have to always think about the future. Yeah

03:26Something okay next fight. Ah, fuck it. I got next fight. I'm gonna make three million that fight might never have might ever happen

03:31So and you also should fighters open up another business to have another source of income

03:36Business is hard, you know, it's a lot of a lot of them think about a restaurant or something. It's hard

03:40You got you guys had a restaurant. It's hard. Well, it was it's hard because it's always cleanliness

03:4724-7 yes. Yeah, he's getting educated. You know, you can't buy this kind of education

03:52But you know what his mom his mom works works in the restaurant business and she knows a lot about restaurant

03:57One day, maybe they could open up a restaurant. What would you call your restaurant? It's been

04:00I

04:03Don't know

04:05You see this mom knows restaurant business, huh Vegas good place have a sports bar. Yeah, so, you know, but don't be drinking

04:12With a with a restaurant. Yeah, you can show the fight

04:20Perfect then open up a barbershop for him. He rent a lugar city. No, I rent out rent out

04:25We're not spaces like he's not the only one you're gonna have five or six

04:28We ran out and you he makes his money. Hopefully you get with the rent, you know, you pay off everything else

04:33Hopefully you become famous. So people will come because it's your place. Yeah, that's perfect. Yeah, that's perfect

04:39But what about sponsorships Robert how come some fighters get majors is it politics

04:44There's not a lot of money sponsors either. Okay, Frank. Yeah Frank finds sponsors for these guys for Mikey for whatever. Yeah

04:52Frank, you know gets a $10,000 sponsor. Okay for him

04:57He thought he hustles and he fucking he fucking fights for his percentage because for him $2,000 is

05:04It's all he's gonna make the fighters gonna make two hundred thousand dollars a hundred and fifty

05:09Two million three million. Yeah, so it's more of

05:13fucking

05:18You like cowboy boots why not they're expensive

05:22Me personally if I have if I have Mikey, yeah who has made millions, right in his fights

05:30Go, you know, he doesn't need to ruin his fucking Mikey sign right here his mind, you know, cuz he likes to have my yeah

05:37His Mike's because somebody's gonna give him $20,000 to put there

05:41It's a lot of money for Frank

05:43But if they gave Mikey two hundred thousand or half a million a million that's talking, you know

05:47Alexis Espino 20,000 is a lot because I'm just starting

05:51Right now

05:53He would say somebody else's name with a bag

05:55But you know what?

05:58Is Mikey that's true right here. Yeah for 20, but for Frank 50 whatever he does it, you know

06:04He does it but under or maybe so. Yeah, you know, okay, that's fine. You know Frank that it's a lot for Frank

06:11There's no I mean, yeah, and then um

06:14Frank does that they got a sponsorship for $6,000. I'm I represent Mitsubishi cuz I was

06:22That's why I represent battery. Okay. Well just

06:26Yeah, why not?

06:27How many people you got live with you know, and then I did us to him. Don't forget. All right

06:31We got this shit. We kept the audience. It's pretty good

06:35But the Robert you've been with Abbas Abbas for me to be she's been very loyal and then loyalty goes a long way

06:41He's happy our cars with the amateur team with the van. I was texting me and calling, you know, we're friends

06:48That's where it is. We're friends. We just have a good friend relationship

06:51It's been good to us all the time

06:53for many years

06:55Anthony Joshua says Eddie Hearn said today an interview that he wants to rematch in New York to rewrite history good idea a bad idea

07:01Why not go back home where you did good because that's where he lost

07:04He wants to know that he's got pride too. That's where he's that's where he wants the fight to happen. I

07:09I'm okay with it. What if he doesn't what if he goes through the same thing then it's then it was meant to be

07:14It was just meant to be he's done. He already made a lot of money also fucking retired. Who gives a fuck?

07:18That's true. I don't think I think

07:21They could do better. I think you could do better in the rematch, you know

07:24I got anti-risk cuz he's Mexican and I saw and I've known him for from early his career fighting for top-ranked

07:31Manny I've known for many years great people, you know, I know what a trainer goes through

07:36I've said it before many times but but I think Anthony Joshua with a good game plan could could could win the rematch but uh

07:46But he's got pride and he wants to do it in the same place where he loves I don't blame him

07:50I think it's a good idea. I think it's a good idea. Fuck it. Let's do it. You know, it's crazy

07:53Ask Miguel Cotto this week. What's his biggest win in his career? And I was very surprised at his answer

07:58What is a rematch with Margarito?

08:01For him it wasn't that it was the biggest win

08:05For him it was more about about that pride because he wanted that fucking win

08:09from the from the from the fight that he took a beating with Margarito and then that

08:14Controversy with hand with a hand with a wrap, but there's nothing he could say or do to prove that

08:23That Margarito

08:27He can't he believes so because he took a beating but Margarito hit hard regardless

08:32He took a beating against Pat against Pacquiao. So was Pacquiao also

08:36Had something illegal in his hands

08:38I

08:43Should have been Mikey in the ring that night should have been Mikey should have been Mikey in there against Cotto with the last fight

08:48but look

08:50154 shirt offs don't count. That's true. But Cotto Cotto took a beating by Margarito. Yeah

08:57He can't say he cannot say that

09:00Margarito had

09:02Something illegal in his in his in his wraps because as

09:07Everybody knows when when there's championship fights and that big you always have somebody from the opposite corner

09:13Observing of serving you have the inspector also observing every fucking thing you do. So

09:20When he sent whoever he said, I don't even know who from his team came to see Margarito's

09:27Margarito's hand wraps, but I'm sure he was keeping an eye on everything

09:31So he didn't see anything. He approved it. You have to approve when you leave you have to approve it

09:36Then you come back. There's a commission looking there too. So so

09:41That means they didn't they didn't have anything. Where was the first fight?

09:47But but for him that was his biggest but for him because he still believes Margarito

09:52Hello was loaded and maybe just can't accept the loss like some fighters

09:56It's possible, you know, there's Margarito still active by the way, no, he's still right comes. No. No, is he fighting?

10:01No, I don't think so as a final. I'm sorry

10:17I'm Ellie setback Ellie setback reporting. But yes newsreporting.com. I'm Ellie setback reporting

10:24newsreporting.com. I'm Ellie setback reporting

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