*Floyd Mayweather, Jr. didn’t bother to pay the $200,000 sanction fee required by the World Boxing Organization for the belt he won against Manny Pacquiao by the deadline, which was the end of the business day on Friday.
So on Monday, as punishment, the boxer was stripped of his WBO title. The Puerto Rico-based organization elevated Timothy Bradley, who defeated Jessie Vargas on June 27 for the interim championship, to full champion status.
WBO rules require boxers to pay three percent of their purse in order to fight for a world title, with a minimum of $1,000 and a maximum of $200,000 for fighters like Mayweather who earn extraordinary large purses, according to Yahoo Sports.
Boxers are usually required to pay the sanction fee on the night of the fight, and it’s deducted from their purse. But Mayweather, who has had a long history with the WBC, wasn’t sure he wanted the WBO title. As a result, the WBO gave Mayweather time.
Pacquiao paid his sanction fee, so the WBO still made $200,000 on May 2 from that fight.
