After numerous failed negotiations Teofimo Lopez is finally getting a worthy opponent to defend his WBA (Super), IBF, WBO, and The Ring lightweight titles. He will fight against George Kambosos Jr on November 27, 2021 at the Hulu Theater in New York City.
However, the pair was previously scheduled to fight on June 19 at Miami. But the bout got cancelled as Lopez tested positive for Covid-19. Later they tried to pick a date in August which was a failed attempt as finding a new venue was difficult due to Covid-19 restrictions. After many negotiations and attempts the date is finalized on Nov 27.
In his last fight Lopez retained his IBF lightweight title while winning other titles from Ukrainian two-time Olympic champion Vasiliy Lomachenko. However, Lomachenko wanted a rematch which did not work. Moreover, American lightweight Devin Haney and Kambosos Jr. also wanted to fight Teofimo Lopez.
Top Rank came to the situation to deal with the Lopez vs Kambosos Jr fight, but they offered $1.25 million to Lopez. But, he didn’t agree to that and as a result the fight went to purse bid. The Triller won the bid for $6 million. However, Triller changed the fight date several times and IBF had found Triller in default of its contract obligation. As a consequence, the right to host the fight was awarded to the second highest bidder.
Eddie Hearn’s Matchroom bids for $3.506M and they will be hosting the fight. So, how much will the fighter earn from this fight? Let’s get to know each other.
Teofimo Lopez vs George Kambosos Jr purse
As the Triller was defaulted, they lost a $1.25 million deposit and this money will be distributed to the fighters. Lopez will get 75% and Kambosos Jr will get 25%. So, is getting $0.9375 million and Kambosos Jr will receive $0.3125 million. However, the payout from Matchroom is not included here.
According to the sources, Teofimo Lopez is expected to get $2.27 ($AUD3.18 million) million from Matchroom while George Kambosos Jr may earn $1.22 million (AUD$1.71 million). This prize money may increase upon the addition of other incentives.
The payout we have mentioned is not the final payout as other incentives will be added later.
However, these payouts don’t include any deduction for some classified items such as licenses, insurance and taxes. In addition to that, PPV cuts are also not calculated here. Further, the sponsor and other incentive payments will be added later after the event is finished. Hence, the fighters will earn more which we will update upon the disclosure form the organizer.
Note: This post was pieced together from various news sources and authors, which is assumed to be reliable. As soon as the final payout is disclosed, we will update the data.