Mayweather Promotions, LLC is a boxing promotional firm founded in 2007 by Floyd Mayweather Jr., 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. Al Haymon has been an advisor of Mayweather since then. 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.