Sunday, November 22, 2009

Manny Pacquiao paid cutman Miguel Diaz $50,000

Under the heading of “nice work if you can get it,” we now file the position of cutman for Manny Pacquiao.

Miguel Diaz, who was fired by Miguel Cotto after the Boricua Banger after he lost to Antonio Margarito, landed on his feet in Pacman’s corner as the stop the bleeding if any expert.

I’ve learned that the kind and generous Pacquiao paid Argentina native Diaz a cool $50,000 for his services during his 12th round TKO over Cotto Nov. 14 at the MGM Grand Hotel & Casino.

It should be a cushy Christmas in the Casa de Diaz in Las Vegas.

Any way you view it, it’s a princely sum for a job which can only take 11 minutes of actual work time (cuts can only be treated between rounds). And Pacman was not cut in his demolition job on Cotto.

As you probably know, head trainer Freddie Roach went home that night with a check for $1.1 million.

Based on Pacman’s purse of $7 million—and not including the PPV TV revenues to come—that is a nice percentage, even above the traditional 10 percent trainers get paid.

I’d like to report to you what chief Cotto trainer Jose Santiago got paid but there were no fight night deductions taken from the boxer’s purse.

In Nevada, a boxer has to authorize separate checks to be carved out of his contract purse. If the fighter doesn’t do this, trainers and cutmen then have to be paid directly by the fighter.

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