Professional Boxing Contract For A Lifetime
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FAQ
Pro boxers in the U.S. and amateur boxers in some states have to be licensed by state athletic commissions. Requirements differ by state, but they often involve a medical exam certifying that a candidate is fit to fight. In some states, moral character and reputation are also a factor.
Boxing isn't a ?winner takes all" sport, and so the boxer receives his or her negotiated purse (salary) whether they win or lose. If they are a major performer, they can also receive a percentage of the pay-per-view receipts, although this is becoming very uncommon.
The challenge of earning substantial income in boxing is significant, as only a few out of ten thousand boxers make millions of dollars. However, this doesn't mean it's impossible to earn big money in boxing. To achieve this, you'll need more than just in-ring skills.
You have to register with one of the four professional boxing organizations (WBA, WBC, WBO, or IBF). The process is usually very similar to that of amateur licensure. You must get a professional boxing license to become a professional boxer, and there is no way around this step.
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.