By Robert Morales - Promoter Bob Arum had just gotten off a plane in Los Angeles about 2:30 p.m. West Coast time Wednesday when he engaged us in a telephone conversation. He confirmed what had already been reported on BoxingScene.com, that the proposed May 2 fight between his Manny Pacquiao and Golden Boy Promotions' Ricky Hatton "is off."
The deadline for Pacquiao to sign the revamped contract that called for a Pacquiao guarantee of $12 million and a 52-48 split of upside revenue favoring Pacquiao had come and gone early Wednesday morning. Arum was not a happy camper. He was asked straight out if he was perturbed at Pacquiao and his lawyer - Franklin "Jeng" Gacal - for
not accepting the deal.
"Well, it doesn't make me happy," said Arum, trying to practice some diplomacy.
Originally, Arum and Golden Boy CEO Richard Schaefer had agreed on a 50-50 split. The two then came to terms on the 52-48 split. The original guarantee was $11 million for Pacquiao, which was his guarantee for his fight last month against Oscar De La Hoya.
"They had copies of the contract and they were fussing about this and that and so they told me that Manny wouldn't sign and I said, 'OK,' " Arum said. "So the fight goes off and life goes on. I think everybody is sorry to hear that. What can I do? It's Manny's
decision."
Was it? Arum said that after the pot was sweetened, he was led to believe that that would seal the deal.
"Then they came back with more demands and the deal fell apart," Arum said.
Perhaps what is sticking in Arum's craw the most is the very idea that Pacquiao never touched base with him or trainer Freddie Roach. [details]
The deadline for Pacquiao to sign the revamped contract that called for a Pacquiao guarantee of $12 million and a 52-48 split of upside revenue favoring Pacquiao had come and gone early Wednesday morning. Arum was not a happy camper. He was asked straight out if he was perturbed at Pacquiao and his lawyer - Franklin "Jeng" Gacal - for
not accepting the deal.
"Well, it doesn't make me happy," said Arum, trying to practice some diplomacy.
Originally, Arum and Golden Boy CEO Richard Schaefer had agreed on a 50-50 split. The two then came to terms on the 52-48 split. The original guarantee was $11 million for Pacquiao, which was his guarantee for his fight last month against Oscar De La Hoya.
"They had copies of the contract and they were fussing about this and that and so they told me that Manny wouldn't sign and I said, 'OK,' " Arum said. "So the fight goes off and life goes on. I think everybody is sorry to hear that. What can I do? It's Manny's
decision."
Was it? Arum said that after the pot was sweetened, he was led to believe that that would seal the deal.
"Then they came back with more demands and the deal fell apart," Arum said.
Perhaps what is sticking in Arum's craw the most is the very idea that Pacquiao never touched base with him or trainer Freddie Roach. [details]
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