By Keith Idec
Golden Boy Promotions chief executive officer Richard Schaefer has an interesting idea of how to determine whether Floyd Mayweather Jr. is right to demand more than a 50-50 split for a long-awaited fight against Manny Pacquiao.
“Well, you know what Jim, I think he should get the lion’s share,” Schaefer said Saturday night during the debut episode of “The Fight Game with Jim Lampley” on HBO. “And I think fair is fair. I think what we should do is have one of the big three accounting firms account the last fights, going back to let’s say 2007, since we’ve been involved with Floyd Mayweather, account the pay-per-view numbers, account the live gates, accumulate all of these numbers.
“If you do the same with Pacquiao, and then you see what kind of ratio it is. If, in fact, they’re the same, they produce the same amount of pay-per-views, the same amount of live-gate revenues, then you know what? Yes, it should be a 50-50 split. But if they don’t, then why should it?”
Mayweather claims he won’t fight Pacquiao unless the Filipino superstar agrees to his terms. Mayweather said he offered Pacquiao a guaranteed $40 million when they spoke on the phone in January. Pacquiao (54-3-2, 38 KOs) said he handed the phone back to adviser Michael Koncz when Mayweather told Pacquiao that he wouldn’t share any of the pay-per-view revenue from their surefire financial feast with Pacquiao, much less 50 percent.
The 35-year-old Mayweather (43-0, 26 KOs) isn’t likely to budge from his negotiating stance now that the numbers are in from his impressive victory over Miguel Cotto (37-3, 30 KOs) a week ago in Las Vegas. The WBA super welterweight title fight generated 1.5 million buys, which made it the second biggest non-heavyweight pay-per-view event in boxing history.
Mayweather also was part of the biggest pay-per-view show in the sport’s history five years ago, when a show headlined by his split-decision defeat of Oscar De La Hoya drew roughly 2.45 million buys. Mayweather might fight again later this year, after serving nearly three months in Clark County (Nev.) Detention Center, but he is not expected to oppose Pacquiao, even if Pacquiao overcomes Timothy Bradley (28-0, 12 KOs, 1 NC) on June 9 in Las Vegas.
But if serious negotiations ever resume, Bob Arum, Pacquiao’s promoter, suggested another contract structure to Lampley later in the show.
“Manny Pacquiao has now taken the position,” Arum said, “which I endorse, if Floyd Mayweather thinks that he is the greatest fighter of all time, let’s do it 45 percent to Mayweather, 45 percent to Pacquiao and 10 percent to the winner. But we’ve got to have parity, Jim. If Mayweather really believes that he can beat Pacquiao, which I don’t think he believes, he’ll pick up more than 50 percent that way. But it’s up to Floyd.”
Schaefer and Arum agreed, however, that the well-documented drama between De La Hoya’s Golden Boy Promotions and Arum’s Top Rank Inc. shouldn’t prevent Mayweather-Pacquiao or any other fight from happening.
“Well, I don’t have a problem working with Top Rank,” Schaefer said. “We, at Golden Boy, like to put together compelling matchups and have the best fight the best. I think that’s what we need in this sport, so I don’t have a problem with that.”
Arum referred to himself as Mayweather’s “scapegoat” and criticized the fighter he promoted for nearly a decade for spreading “propaganda” about why the fight hasn’t happened.
“Jim, enough with this nonsense,” Arum said. “If the fighters want to fight each other, the fight will happen. The promoters are not the all-powerful people in the equation.”
Keith Idec covers boxing for The Record and Herald News, of Woodland Park, N.J., and BoxingScene.com.
Tags: Manny Pacquiao , Floyd Mayweather Jr. , Mayweather-Pacquiao , Mayweather vs Pacquiao , Bob Arum , Richard Schaefer