By James Howlett
The Long Island boxer Chris Algieri is officially on the clock.
For the past week, Huntington’s Algieri has methodically reflected over a seven-figure offer to face Manny Pacquiao in November. But if the highly educated Algieri spends another 24 hours pondering over the bout, he may find that the opportunity of a lifetime was just that: a chance that never reached its fitful conclusion. According to his promoter, Joe DeGuardia, Algieri may lose the fight offer from Top Rank's Bob Arum if he doesn’t respond by Monday.
"I'm just very surprised and disappointed by what's going on," DeGuardia said. "I know what a deal is worth and this is a good deal. I think he's getting advice from people who aren't in the business and they're not giving him good advice. This deal is a no-brainer. I have to think he's going to come to his senses eventually."
Algieri is reportedly frustrated with an offer that's believed to be in the $1.5 million sphere plus a percentage of the PPV sales to face Pacquiao, according to Newsday, which reached Algieri at a public appearance Saturday at a sporting goods store in Huntington Station.
"If we're going to make this fight happen, I value myself and my health very highly," Algieri told Newsday. "I just want what I deserve."
DeGuardia fully expects to reach Algieri on Monday on whether to go forward with the bout, which will take place on Nov. 22 in Macau China on HBO pay-per-view for Pacquiao's WBO welterweight title. DeGuardia believes the offer is fair. Algieri made a career-high $100,000 in his title wining performance against Ruslan Provodnikov last month, capturing the WBO junior welterweight belt after he was decked twice and his right eye was shut for the final rounds of the bout.
Even if Algieri were to lose to Pacquiao, he would still get to keep his 140-pound title, DeGuardia said. The only issues that Algieri's camp chirped about early on was drug testing and tax consequences in China, DeGuardia said. But those issues have since been worked out, the promoter said and VADA is handling drug testing.
"It's the opportunity of a lifetime," DeGuardia said. "I need to know his answer. It's been a week. No one has told me anything about needing more money. Hopefully he comes to his senses but if I don't hear anything [by Monday] we'll likely lose the offer.