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Floyd Mayweather speaks out on Eddie Hearn's $1billion boxing rights deal

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Having been the lead figure in the each of the sport's top three highest grossing pay-per-view events in history, Floyd Mayweather certainly has plenty of experience when it comes to generating revenue in boxing.

And now, the man nicknamed "Money" has had his say on Eddie Hearn's record breaking broadcast rights deal announced earlier this month.

Partnering with international on-demand streaming service provider DAZN, Hearn will provide 16 live US shows a year under the banner of his Matchroom Boxing USA promotional company.

Across the eight-year span of the agreement, Hearn is to receive $1billion in right fees - reportedly affording Hearn a greater annual operating budget than both US broadcasters HBO and Showtime combined.

Conceivably, the agreement could change the boxing landscape in many ways.

None of the shows covered by the deal are to be broadcast on traditional pay-per-view - and will instead be shown on a streaming service for a monthly fee.

The sheer size of the partnership in financial terms should also see fighter purses increase.

Per boxingnewsandviews.com, Mayweather - a promoter in his own right - appeared positive about Hearn's landmark agreement.

"I’m not here to speak on numbers, but if he has the deal that he says he has, I wish him nothing but the best," he said.

Floyd Mayweather Jr. v Conor McGregor

“I understand the sport of boxing, not just inside the ring, but on the outside of the ring.

"A lot of promoters get in the sport and don’t know about the sport, a fighter’s mind frame, or what a fighter is going through mentally inside the ring.

"I know what a fighter is going through mentally inside the ring as well as outside the ring because I was a fighter in there and now I’m a promoter on the outside. So I know what fighters want."

Mayweather rounded out his own in-ring career with several staggering pay days.

Anthony Joshua v Joseph Parker - Press Conference

His bouts with Manny Pacquiao (May 2015) and Conor McGregor (August 2017) both reportedly generated in excess of $400 million in pay-per-view revenue.

Whilst the pay-per-view model is likely to remain in place for the sport's very biggest bouts (i.e. the proposed Anthony Joshua Vs Deontay Wilder fight), it seems likely that Hearn will be able to offer a better deal to both fighters and fans as a result of his link up with DAZN - which can only be a positive for boxing's long-term future.

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Topics:
Eddie Hearn
Floyd Mayweather
Boxing

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