Errol Spence Jr. and Shawn Porter will each earn $2 million for their fight Saturday night at the Staples Center, a California State Athletic Commission official who reviewed the contracts each fighter signed told BoxingScene.com.

Spence Jr., the IBF titleholder, and Porter, the WBC champion, will both make additional guarantees to the reported figure and can both earn larger sums thereafter for their Fox pay-per-view welterweight unification fight depending on how well the bout sells.

David Benavidez and Anthony Dirrell, who will be fighting in the co-feature, signed a contract for $1 million each.

The purse is a downgrade for Spence Jr., who signed a $3 million deal (plus additional guarantees) for his March PPV fight against Mikey Garcia.

Garica also signed for $3 million in that fight that drew 47,000 at AT&T Stadium in Dallas and over 360,000 PPV buys on Fox.

Manouk Akopyan is a sports journalist and member of the Boxing Writers Assn. of America since 2011. He has written for the likes of the Guardian, USA Today, Philadelphia Inquirer, Men’s Health and NFL.com and currently does TV commentary for combat sports programming that airs on Fox Sports. He can be reached on Twitter, Instagram, LinkedIn and YouTube at @ManoukAkopyan or via email at manouk.akopyan@gmail.com.