Logan Paul’s next fight against Floyd “Money” Mayweather may take place in the courtroom.
The social media celebrity has claimed for the past few months that Mayweather, perhaps the most accomplished and gifted boxer of the past generation, has yet to pay him for his part in their ballyhooed eight-round exhibition bout on June 6, 2021 at the Hard Rock Stadium in Miami Gardens, Florida. Now, with seemingly no direct deposit in sight, it appears Paul is thinking of lawyering up.
“I don’t think we did yet,” Paul told TMZ on Thursday about filing a potential lawsuit against Mayweather.
“It's honestly bullsh!t," Logan continued. “Like, having people who aren't a professional promotional company control where the money goes, we made that mistake.”
The fight, which was held on the pay-per-view platform, was promoted by Mayweather’s promotional company, Mayweather Promotions, and distributed by Showtime.
According to various reports, the Mayweather-Paul fight generated in the neighborhood of $1 million buys. It is not clear if Paul is searching for the cut that he is owed from the pay-per-view buys or if it is his guaranteed purse or both.
Paul said he was naive at the negotiating table going into the Mayweather fight.
"It's Floyd Mayweather,” Paul said. “Before we fought him, we were kind of willing to do whatever. Now after the fact, we're kind of shooting ourselves in the foot because he's a "f------ scumbag.”
Paul added that Mayweather got in touch with him about doing a rematch. Paul told him to “suck a d---.” Their exhibition went the distance, and per the rules of that engagement no winner was announced.
Paul’s comments confirm what his family and friends have said in recent days. His brother, Jake Paul, said as much during a press conference in London for the April 30 Katie Taylor vs. Amanda Serrano women’s undisputed lightweight championship at Madison Square Garden in New York City.
“[Mayweather] really hasn’t [paid Logan],” said Jake, who is promoting the Taylor-Serrano fight as Serrano’s business partner. “There’s a lawsuit that was opened up last week or two weeks ago. They’re pressuring him both legally and behind-the-scenes, but it’s embarrassing for Floyd ‘Money’ Mayweather to not have enough money to pay my brother.”
The comedian and podcaster Andrew Shulz, a friend of Logan Paul, stated on his podcast, The Flagrant 2, that Mayweather owes “between 5 and 10 million dollars.”
“I was talking to Logan about it,” Schulz said. “I was like ‘are you serious’ [about not being paid]? He goes ‘yeah, yeah, yeah, he hasn’t f------- paid me. I guess we’re going to have to sue him.’ It sucks because once you go into the lawsuits the lawyers make all the money…He owes him probably between 5 and 10 million dollars.
“He has not paid him. It’s been six months now. He was supposed to pay him within 90 days. And they have not paid him. And apparently they cut a side deal with Saudi Arabia and another place to stream the fight there and never told Logan or their people about it.
“Floyd left Bob Arum because Bob Arum wasn’t giving me the money I deserve, he’s f------ me…then you end up becoming that? That’s some bulls---, man.You know the fight generated money. Pay the guy pennies compared to what you're paid. Like why do that?”