Smith may need the money for facial surgery after Andre Ward used him for target practice on Saturday night.
The Super middleweight champion returned to the ring after a 19-month layoff, and took that almost two-year layoff out on Paul Smith, destroying him in front of his hometown, Oakland fans.
Ward, fighting his first bout since signing with Jay Z’s Roc Nation Sports, bloodied Smith until his corner threw in the towel during the ninth round.
Smith was due to earn $225,000, but ended up losing $55k of his purse after failing to properly make-weight on two separate occasions between Friday and Saturday.
Ward, who earned $2 million, gave all of the money he was due back to Smith — $37,500.