Advertisement
Advertisement
Boxingscene.com

Arum Offers Floyd $45 Mill, Explains Pacquiao's Earnings

by Ronnie Nathanielsz

TOP Rank promoter Bob Arum has upped the ante, following Floyd Mayweather Jr.’s offer to pound-for-pound king Manny Pacquiao of a guaranteed $40-million dollar purse, with the American boxer retaining all of the pay-per-view income for a May 5th mega-unification.

Should a Pacquiao-Mayweather fight eventually happen, it is expected to bring in an additional revenue of around $150 million.

Mayweather made the counter-offer after Pacquiao told him during a telephone conversation when the American boxer called the Filipino’s adviser Michael Koncz, that a 50-50 split was fair and reasonable.

“I am offering Mayweather $45 million under the same terms he offered Pacquiao,” Arum told BoxingScene.com/Manila Standard, in reaction to the Mayweather offer.

Arum also clarified the situation with regard to Pacquiao’s earnings in several of his Las Vegas fights, which were published by several media outlets. He said that under the rules of the Nevada State Athletic Commission, the fighters need to be paid on the night of a fight.

To meet this requirement, Arum paid the NSAC $6 million for Pacquiao in his last fight against Juan Manuel Marquez, which the commission paid to the Filipino after the fight and which could be cashed the next day.

Arum indicated this was in order to comply with the requirements, even as he pointed out that “in the long form contract,” a copy of which is given the Internal Revenue Service, Pacquiao’s guarantee for the Marquez fight was $22 million, which was paid in full within 10 days, even though the contract stipulated it could be paid within two months.

The Top Rank promoter said that with the pay-per-view income, which up to now hasn’t all come in, Pacquiao will earn an additional $5 million, above his guaranteed purse for a total income of $30 million.

“We give the IRS tax people a copy of the real contract and we don’t avoid paying the proper taxes,” said Arum.

Meanwhile, although Mayweather Jr. has applied for a license from the Nevada State Athletic Commission, there is no certainty that the commission will grant him one for his announced May 5 fight.

The commission is headed by its current chairman Raymond “Skip” Avansino Jr., Francisco Aguilar, Bill Brady, Pat Lundvall and TJ Day.

For one thing, Mayweather hasn’t signed up an opponent yet and the possibility of a fight against Pacquiao looks most unlikely after the American made what Team Pacquiao brands as ridiculous offers.

User Comments and Feedback (Register For Free To Comment) Comment by -Kev- on 12-10-2013

Somebody is lying.

Comment by heavyhands702 on 02-02-2012

[QUOTE=heavyhands702;11718736]This is for all those who don't know about Bob arums plan and doesn't include Floyd Mayweather. Bob is building a 40,000 seat Temp stadium which he plans capitalize all the money for himself. He has manny fighting one of…

Comment by Blubba on 01-29-2012

Arum is the greatest, he manage to turn a street urchin peddlin dounuts on the curbside, a man that cant sing, and still cant string 3 sentences in english. yet now he has been turned into the biggest superstar of…

Comment by pasawayako on 01-29-2012

[QUOTE=joedubb;11715932]I SAY THIS: FLOYD MAYWEATHER JR HAS NEVER LOST A FIGHT...UNDEFEATED AS A BOXER 4 OVER 16YS... HE SHOULD HAVE THE PRIVILEDGE TO CALL ALL THE SHOTS... "NUF~SED!!! :boxing:[/QUOTE] Then he better stay in his cage i mean jail, boxing…

Comment by pasawayako on 01-29-2012

45 million should be enough for floyd he will never need the money when they put him in his cage i mean jail. :lol1:

Post a Comment - View More User Comments (130)
Top Headlines Coldwell on a "Crazy" 2017: Bellew vs. Haye, McDonnell, More Darren Till, UFC Fighter, Inks Pact With MTK Global Parker: I Think We're Close To Locking in Anthony Joshua Fight Jeff Horn Angry: Online Keyboard Warriors Say I Fight Dirty! Wilder: I'll Make Cuban Sandwich Out of 'Bubbles The Chimp' Ortiz! When is a Loss Not a Loss? Photos: Jeff Horn, Gary Corcoran - Face To Face at Final Presser Luis Ortiz: Deontay Wilder is a Coward, I Saw Fear in His Eyes! Arum Denies Pacquiao-McGregor Talk: It's Total Nonsense Salido: All of The Wars Caught Up With Me, I'm an Old Fighter Now Andre Ward: Farmer Robbed, But He Can Bounce Back From This Arum: Lomachenko is Superhuman, Rigo Was Totally Bewildered! Video: Francisco Vargas Talks Comeback Win, Future Plans Lomachenko: Gary Russell Really Doesn't Want a Rematch With Me DeGale Unsure of Career Future, To Decide After New Year White Warns Arum: We'll See Where You Stand When Smoke Clears! Video: Miguel Roman Reflects on KO of Salido, Future Opponents Tevin Farmer: I Worked Too Hard To Get Robbed, I Deserved Win Video: Andre Ward on Loma-Rigo, Salido, Kovalev Return, More Lomachenko On Rigondeaux Injury: I've Fought With One Hand Macklin Expects Michael Conlan To Step Things Up in 2018 Lomachenko vs. Rigondeaux Generates Big Rating For ESPN Marquice Weston Wins, James Ballard Stretched in Upset Arum: Lomachenko Would Make Joke of Mikey Garcia, Make Him Quit Tyson Fury: I'll Annihilate Bellew, Uppercut Him To The Roof! Photos: Miguel Roman Stops, Retires Orlando Salido in a War Lomachenko on Rigondeaux: I Learned Nothing, It Was Easy! Photos: Lomachenko Makes Guillermo Rigondeaux Quit in Six Photos: Michael Conlan, Shakur Stevenson, Diaz, Jennings Win Photos: Jean Pascal Ends Career With Shock Stoppage of Elbiali Truax: The Fights DeGale Kept Talking About - Now They Are Mine! Lomachenko: Rigondeaux is Not a Big Win For Me, Not His Weight Video: Team Rigondeaux Provide Update on Hand Injury Lomachenko-Rigondeaux: CompuBox Punch Stats, Other Facts Arum: Where Did Rigo Hurt His Hand? In The Dressing Room? Video: Vasyl Lomachenko Reacts To Rigondeaux Quitting Lomachenko: I Should Change My Name To 'No Mas Chenko' Orlando Salido: That's It, I'm Done, This Was My Last Fight Miguel Roman Drops, Shocks Orlando Salido For Big TKO Win Orlando Salido vs. Miguel Roman - LIVE BoxingScene Scorecard
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement