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July 26, 10:36 AM
Sunday morning I was informed by a good source (NY Examiner Michael Marley) that the $400,000 sanction fee WBO welterweight champion Miguel Cotto was balking at was actually "only" $150,000 and it looks as if we finally have a real fight on our hands November 14.
My last two columns used the wrong figure and I have tried to make the correction.
I don't know if the $150,000 is a flat fee or if it could rise if the fight is a big success. The figure comes from 3% of the fighter's purse.
Top Rank will also owe the WBO around a $40,000 sanction fee and pays the WBO an annual membership fee.
I don't understand why neither promoter Top Rank nor the WBO made the correction much earlier when they obviously saw the media running with the wrong information. No real harm done. Let's get to the fight already.
I was sorry to read about the murder of Vernon Forrest this morning. I really didn't know him. I saw him fight once in Austin, Texas (I saw his teammate Arturo Gatti there) and had a few random exchanges with him on facebook but I had a lot of respect for the former three-time champ and 1992 Olympic Team member. Injuries certainly held him back throughout his career. He was well-liked within the boxing community.
http://www.examiner.com/x-11372-Dallas-Boxing-Examiner~y2009m7d26-Sanction-fee-gate-for-Pacquiao--Cotto-death-of-Vernon-Forrest
Previous Update
By Roy Luarca
Philippine Daily Inquirer
First Posted 06:42:00 07/26/2009
THE WORLD Boxing Organization welterweight belt will be on the line when Manny Pacquiao tangles with titlist Miguel AngelCotto
on November 14 in Las Vegas.
WBO president Francisco “Paco” Valcarcel made this assurance to Michael Marley of Examiner.com Friday afternoon to assuage fears of Pacquiao fans that Cotto’s crown won’t be staked because the fight, slated at the MGMGrand
, is set at a catch weight of 145 pounds and not at the regular limit of 147 pounds.
Valcarcel said he appreciated Pacquiao’s quest for a seventh weight division world title, adding that it would “be ridiculous not to dangle the WBO title” considering that a highly respected champion (Cotto) is fighting the No. 1 contender (Pacquiao).
Officially, Pacquiao has reigned as World Boxing Council super featherweight, flyweight and lightweight champion and International Boxing Federation super bantamweight titlist.
Pacquiao, the pound-for-pound king, currently holds the International Boxing Organization light welterweight crown, snatching it from British icon RickyHatton , whom he demolished in two rounds on May 2.
In addition, Pacquiao, who’ll be fighting at over 140 lbs for only the second time in his sterling career, has been recognized as the Ring Magazine’s featherweight, super featherweight and light welterweight champion.
In his initial foray as a welterweight, Pacquiao sent future Hall of Famer Oscar De LaHoya with an eight-round stoppage last December also at the MGM Grand.
This early, bettors have installed Pacquiao a -215 favorite and Cotto, who’s going below 147 pounds for the first time in nearly three years, a +175 underdog.
This means that a $215 bet on Pacquiao would just net $100 while a $100 wager on Cotto would generate $175.
Both Pacquiao and Cotto, who hails from Puerto Rico, are being promoted by Top Rank’s Bob Arum, assuring the 77-year-old lawyer of a windfall in gate receipts and pay per view buys of the 12-round bout dubbed “Fire Power.”
http://sports.inquirer.net/professio...ff-vs-Pacquiao
July 26, 10:36 AM
Sunday morning I was informed by a good source (NY Examiner Michael Marley) that the $400,000 sanction fee WBO welterweight champion Miguel Cotto was balking at was actually "only" $150,000 and it looks as if we finally have a real fight on our hands November 14.
My last two columns used the wrong figure and I have tried to make the correction.
I don't know if the $150,000 is a flat fee or if it could rise if the fight is a big success. The figure comes from 3% of the fighter's purse.
Top Rank will also owe the WBO around a $40,000 sanction fee and pays the WBO an annual membership fee.
I don't understand why neither promoter Top Rank nor the WBO made the correction much earlier when they obviously saw the media running with the wrong information. No real harm done. Let's get to the fight already.
I was sorry to read about the murder of Vernon Forrest this morning. I really didn't know him. I saw him fight once in Austin, Texas (I saw his teammate Arturo Gatti there) and had a few random exchanges with him on facebook but I had a lot of respect for the former three-time champ and 1992 Olympic Team member. Injuries certainly held him back throughout his career. He was well-liked within the boxing community.
http://www.examiner.com/x-11372-Dallas-Boxing-Examiner~y2009m7d26-Sanction-fee-gate-for-Pacquiao--Cotto-death-of-Vernon-Forrest
Previous Update
By Roy Luarca
Philippine Daily Inquirer
First Posted 06:42:00 07/26/2009
THE WORLD Boxing Organization welterweight belt will be on the line when Manny Pacquiao tangles with titlist Miguel Angel
WBO president Francisco “Paco” Valcarcel made this assurance to Michael Marley of Examiner.com Friday afternoon to assuage fears of Pacquiao fans that Cotto’s crown won’t be staked because the fight, slated at the MGM
Valcarcel said he appreciated Pacquiao’s quest for a seventh weight division world title, adding that it would “be ridiculous not to dangle the WBO title” considering that a highly respected champion (Cotto) is fighting the No. 1 contender (Pacquiao).
Officially, Pacquiao has reigned as World Boxing Council super featherweight, flyweight and lightweight champion and International Boxing Federation super bantamweight titlist.
Pacquiao, the pound-for-pound king, currently holds the International Boxing Organization light welterweight crown, snatching it from British icon Ricky
In addition, Pacquiao, who’ll be fighting at over 140 lbs for only the second time in his sterling career, has been recognized as the Ring Magazine’s featherweight, super featherweight and light welterweight champion.
In his initial foray as a welterweight, Pacquiao sent future Hall of Famer Oscar De La
This early, bettors have installed Pacquiao a -215 favorite and Cotto, who’s going below 147 pounds for the first time in nearly three years, a +175 underdog.
This means that a $215 bet on Pacquiao would just net $100 while a $100 wager on Cotto would generate $175.
Both Pacquiao and Cotto, who hails from Puerto Rico, are being promoted by Top Rank’s Bob Arum, assuring the 77-year-old lawyer of a windfall in gate receipts and pay per view buys of the 12-round bout dubbed “Fire Power.”
http://sports.inquirer.net/professio...ff-vs-Pacquiao
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