Vince McMahon issued his first public comments on the reported $20 million payoff that Floyd Mayweather is receiving to appear at WrestleMania 24.

“We’re all about sports entertainment,” McMahon told a Los Angeles Times reporter at the WrestleMania 24 press conference on Monday.

“I had to do something Madison Avenue could understand, and I paid for the attention Floyd’s going to get. Floyd is a national showman.”

Mayweather's manager, Leonard Ellerbe, said his boxer's involvement with Wrestlemania is "about expanding his fan base. He's a competitor, and a great businessman. It's eight figures, and this company brings in 47 million viewers to its three shows a week. It's great for us."