Mike Tyson Reveals He Used To Receive a $200,000 Bonus For Knocking Out His Opponents In The 1st Round

by Jeremy Spirogis
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In his heyday, Mike Tyson was one of the dominant and fearsome boxers to ever step into the ring. He was identified for his fierce in-ring persona and his intimidating aura usually defeated his opponents lengthy earlier than they stepped into the ring. His pure expertise and relentless work ethic led to him garnering an immense quantity of wealth, which he spent on frivolous gadgets comparable to $7 million necklaces.

When Tyson was in his prime, he turned well-known for ending boxing matches rapidly, knocking lots of his opponents out inside minutes of the battle beginning. His profession report of 50-6 boasts a powerful 44 wins by knockout, a feat that’s past spectacular. In truth, Tyson turned so good at knocking out his opponents that he set wagers earlier than his fights, one which stipulated he’d earn a further $200,000 if he was in a position to knock them out within the first spherical. 

Mike Tyson was one of the dominant boxers of all time

Mike Tyson is revered by many as one of many best boxers to ever step into the squared circle. His success in skilled boxing can’t be denied, and his 50 profession wins towards 6 losses proves he was a generational expertise.

Tyson started his boxing profession in his teenage years, after his first coach, Bobby Stewart, found his pure expertise whereas Tyson was in a juvenile detention heart. He confirmed promise in his early years as an novice boxer, successful gold medals within the 1981 and 1982 Junior Olympic Games, and made his skilled debut at 18 years previous. 

In his first match as knowledgeable, Tyson defeated Hector Mercedes by way of a first-round technical knockout (TKO). 26 of Tyson’s first 28 fights had been received by knockout or TKO, 16 of which had been within the first spherical. He went on to defeat Trevor Berbick by TKO for the WBC Heavyweight Championship at simply 20 years previous, changing into the youngest heavyweight champion in historical past. 

Mike Tyson obtained $200,000 for first spherical KOs

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In the prime of his profession, Tyson was one of many highest incomes athletes on this planet. He earned over $30 million for a number of of his highest profile matches, and had profession earnings of over $400 million, in accordance with Forbes. 

After lots of his matches, he may very well be seen holding up a number of stacks of $100 payments, though there’s extra to the story; Tyson had change into so dominant that he’d begun to wager cash on his matches, betting that he might defeat his opponents inside minutes of the battle beginning. During a current interview with rapper Jim Jones on his Hotboxin’ podcast, Tyson defined how he earned what he known as “F— you money.”

“That’s a bet you make with somebody. Everytime I knocked somebody out in the first round, I’d get a […] $200,000 bonus.”

He later revealed that he would usually take the bonus earnings and spend all of it on the membership, on ladies, on jewellery, or he merely give it away. Unfortunately, Tyson’s reckless spending habits caught up with him, and he needed to file for chapter in 2003.

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