Former heavyweight champions Mike Tyson and Roy Jones Jr. will each take home a guarantee of $1 million for Saturday's pay-per-view exhibition bout, the California State Athletic Commission told ESPN

Tyson (50-6, 44 KOs), who retired as a professional in 2005, could make as much as $10 million, according to a report from Yahoo's Kevin Iole. The 54-year-old slugger, who became the youngest heavyweight champion at age 20 in 1986, has said publicly he will donate all proceeds from his return to charity. 

Jones (66-9, 47 KOs) could reportedly make as much as $3 million for the eight-round fight. The 51-year-old Jones, who claimed titles in four divisions including heavyweight, retired from active competition in 2018.

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The co-main event of Jake Paul and Nate Robinson, however, will only make $600 each for their efforts. They will make much more in PPV shares and endorsements, but each man is only guaranteed to make $100 per round to step in the ring on Saturday night.

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The fight is the first of Tyson's new PPV "Legends Only League" which is expected to showcase retired star athletes competing across all sports if successful.