Garcia, Haney Set $500K Weight Penalty for Fight, Adjust Terms Due to NYSAC at Ceremonial Weigh-In

Apr 19, 2024, 12:15 PM

In a high-stakes agreement ahead of their world title fight, boxers Ryan Garcia and Devin Haney have consented to a $500,000 per pound penalty if either fails to make the required weight. The bet emerged following a heated exchange during a press conference, intensifying the drama surrounding the bout. At the ceremonial weigh-in, Haney successfully made the 140-pound limit, while Garcia was reportedly about 3 pounds overweight. Despite the initial agreement, a revised financial settlement was reached, which was less than the originally agreed $500,000, due to NYSAC regulations. This adjustment was necessary as the initial bet was not legally binding in the actual fight contracts.