Claressa Shields is the first boxer, male or female, to win back-to-back Olympic gold medals. She's also the only boxer to become the undisputed champion in three separate weight classes. Shields announced on "CBS Mornings" that she's signed a multi-fight contract worth $8 million.

Claressa Shields, a two-time Olympic gold medalist and undisputed champion in three weight classes, has announced a multi-fight contract valued at $8 million over two years. The deal, which includes a substantial signing bonus, is considered one of the most significant ever for a female boxer and highlights the growing recognition and respect for women's boxing.

Shields expressed her intention to use her success to support charitable initiatives, including hosting training camps for young girls and women. She also shared her interest in potentially defending her Olympic titles at the 2028 Los Angeles Games, pending changes in eligibility rules for professional boxers in the U.S.

Claressa Shields announces $8 million multi-fight deal

Our next guest goes by the nickname, The Gwoat. In case you don't know what that means, it's the greatest woman of all time. Clarissa Shields is one of the best boxers in history, at a period on top of that. She's the first boxer, male or female, to win back-to-back Olympic gold medals. And as if that wasn't enough, she's the only boxer, male or female, to become the undisputed champion in three separate weight classes. Say it again. Three separate weight classes, Gail. First on CBS Mornings, Shields is announcing she signed a multi-fight contract worth, check this out, $8 million. Wow. That's right. And she says it's one of the most lucrative deals ever for a female boxer, proving that women's boxing deserves equal respect, equal pay, and equal opportunity. Champ, what's up? Good morning, how you doing? How does that sound, Clarissa? Wow. I'm so excited to finally get it out. I've been keeping it a secret for like a week. It's been the hardest secret ever. Okay, okay. And I say nothing about it. So tell us about that. I mean, you say that this is, of course the money's great, but this is a statement though, a statement to not just the sports world, but the world at large. Yeah, listen, women in sports have been doing a lot the last past couple of years with the WNBA, soccer, even in boxing. I'm not the only woman who's making money, but to have this deal get done, I feel like, you know, I'm getting my just due. I won two Olympic gold medals. I have 19 world championships right now. Come on now. I think it's fitting to have this great deal come about. And this is a different talk from the time that me and you last spoke, Nate. Right, right, right. That's great. It's good to hear that. You have, how many fights do you have in this deal? It's a two-year contract. A two-year contract. Yeah. So you're getting $8 million over the next two years. Anything- Yeah, but the best thing about this deal is, it's the signing bonus, right? So before I step into the ring, I get a large amount. Before I, see, the eight M's is just like the minimum. You know, it's other stuff you get- Oh! Around that. So this deal is actually bigger than that. That's just the number that we decided to put out there. Because if you want to do the math, right? But that's just the- Right. I got you. That's not everything. Are you planning on treating yourself to anything in particular with this? Oh Lord, I haven't even let myself think about what I want to buy. You know, I feel like I want to do like so much charity first. Yeah. I already have four cars, five houses, zero. Okay. You know, I already got a whole lot of stuff. That's in my rap. Yeah, I heard the boss. But I just, I really want to just like get more into charity. I want to start hosting these girls camps all over the USA. And I just want to train, you know, young girls and women and teach them how to fight and how to defend themselves. But I think what's so important is about who you are and how you carry yourself in the world. And I'm curious about, want people to know a little bit about your background. Because at 17, you say you're a very different person than who you are now. Because could that girl at 17 have handled this? Talk about who she was then and who she is now. I absolutely could not have handled any type of million at the age of 17. I know that, you know, everyone expected me to get a million dollars after winning Olympic gold medal, being the youngest person to do it in history. And then being able to do it twice, you know, 17 and 21. But I think God's timing is the best time because back then I didn't have a brand. I didn't know what I stand for. What did you want to do back then? What was your goal? Be girls up. That was it. That was it. I didn't have any other goals. I wanted to be the best in the gym. I wanted to be the best inside the ring. I didn't, you know, hair and makeup and clothes. I just was like, who cares? Yeah. You know, but now being 30 and realizing that my brand is very important and the stronger your brand is, the more money you can make. I mean, I just feel like it all kind of comes together. And I stand for something now. And I'm so rooted in my faith in God and where he had me in my life that I know that everything coming like, yeah, some new levels and new devils. But- New levels, new devils. But God is the best. Is there the very big stage coming up at the Olympics 2028. Currently, USA Boxing does not let professional fighters go fight as amateurs, quote unquote, but they let basketball players be professional and do it. Is there any chance of that changing? I know USA Boxing knows that I'm interested in defending my two Olympic gold medals and going back to 2028 Olympics in LA. Yeah, in LA. I'm super interested. And I think other countries allow professional boxers to come back and fight. Like Azerbaijan, I believe Russia. Where is Pacquiao from? Philippines. Philippines. So they allow that. So I believe that- It's a no brainer. I believe that the USA will find a loophole somewhere to let me come back and defend mine. So real quick, we got to go, but I want to ask you this because I always ask you this. Now that you have accomplished so much, what would you say to young Clarissa right now? To my young self, I would just tell her once again, like God's timing is the best timing. Stay grounded. You're the best. That's it. Bravo, Clarissa. Thank you very much.

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