May 5 (Bloomberg) -- Floyd Mayweather Jr. has been guaranteed a record $32 million when he steps into the boxing ring tonight against Miguel Cotto, ESPN reported, citing the Nevada State Athletic Commission’s executive director.
The guarantee, filed yesterday with the commission, is the largest since Mike Tyson was guaranteed $30 million in the 1997 heavyweight championship bout in which he bit Evander Holyfield’s ear, Executive Director Keith Kizer told ESPN.
Mayweather is defending his junior middleweight title against Cotto at the MGM Grand Garden Arena in Las Vegas. Cotto is guaranteed $8 million and both he and Mayweather will get a share of the pay-per-view profits, the sports network said.
More than 1 million subscriptions at $59.95 each may be sold for the Home Box Office pay-per-view boxing event, ESPN said.
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