Mayweather Promotions, LLC is a boxing promotional firm founded in 2007 by Floyd Mayweather Jr.,[1] after exercising a provision in his contract with Bob Arum and Top Rank that allowed him to become a free agent for the price of $750,000.[2] Al Haymon has been an advisor of Mayweather since then.[3][4] Mayweather Promotions also promotes forms of live entertainment, including sporting events, live musical and theatrical events, and film and television productions. Mayweather Promotions mainly co-promotes with Golden Boy Promotions. Leonard Ellerbe is the current CEO.