Saturday, December 5, 2009

Pacman to earn P2 billion vs Mayweather

Manny Pacquiao could earn as much as $40 million (roughly P2 billion) when he fights Floyd Mayweather on March 13, 2010, possibly in Las Vegas.

“I learned that Pacquiao’s guaranteed purse (for the Mayweather fight) is about $25 million and because the pay-per-view sales would be a success, Manny’s earning can go to as high as $40 million,” disclosed Pacquiao adviser Wakee Salud Saturday after the Filipino fighter himself revealed that the Mayweather fight is on.

Salud could not tell exactly how the profits are going to be divided but “a 50-50 sharing should be fair to both fighters.”

Against Miguel Cotto last month, Pacquiao was guaranteed a paycheck of $13 million but owing to the success of the pay-per-view sales that generated 1.25 million buys at $54.95 per subscription, the 30-year-old Pacquiao wound up getting $22 million.

Mike Koncz, the Canadian adviser of Pacquiao, who was the only one present when Pacquiao met with promoter Bob Arum on Friday morning, said the figures ended up "where we want it to be” and that everything is green and go for the 12-round fight that will see Pacquiao staking his World Boxing Organization welterweight crown.

“(The only way this is not pushing through is) if Mayweather chickens out of the fight,” Koncz said.

Arum was surprised over Pacquiao’s declaration that the fight is indeed happening next year but a formal joint announcement with Golden Boy Promotions (GBP) will be issued this coming week.

Arum said only “acts of God” or that “somebody acting like crazy” will prevent the fight from taking place.

GBP Chief Executive Officer Richard Schaefer, who is Oscar De La Hoya’s right-hand man, has been given authority by Mayweather to negotiate on his behalf. Mayweather has dealt with GBP on two occasions, both of them pay-per-view and box-office hits.

Because of time constraints, a plan to hold a promotional tour has been shelved but a major press conference will be held either January 11 or 12 in New York and that instead of the usual four-part 24/7 documentary show produced by HBO aimed at promoting the bout, Arum said there will be one additional episode that will be filmed.

Koncz said Pacquiao will likely set up camp once again in Baguio City before heading to the Wild Card in Hollywood a month or two or three weeks before the fight.

Arum, who flies back to the US tonight, said Pacquiao should get ready for the deluge of media from all over the world once he begins training in the City of Pines, the site of his preparation for the Cotto showdown.

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