Comments Thread For: Arum: Manny Will Donate Half His Earnings To Charity

[DARKSEID]

It's pac's own fault. He already completed his contract with Top Rank and he resigned.

He didn't need a promoter, he already had a name. He could have been a free agent, he could have started his own promotional company, he could have looked for a better contract like floyd made with showtime.

It's his own damn fault.

Arum's a piece of garbage though. How does manny only get 25 out of 80 when he's the one doing all the work. He's the one the people are paying for.

I already ordered the PPV. I was doing it to support my boy Manny Pac, but 60% of my money is going to floyd and most of the rest is going to Arum. It's a damn shame.

Pac's only fighting for his legacy.

[St. Johns Gent]

Bob Arum stated that his " superstar fighter will be cut a $25 million check on Saturday night "

It is in black and white.

WTF ?

And, aside from a couple of guys who are doing nothing except giggle about ****-****** comments..... there is not one pacfan in sight.

damn, u finished them off

[Scipio2009]

Pacquiao gets a $25m check on fight night (the actual number is going to be near $18m, due to the 30% tax withholding). To that you can add the $2m in sponsorships on his shorts

Pacquiao is reported to have spent over $3m on tickets for his entourage for the fight, so you can probably picture that he's spent another $2m-$3m on furnishing everything for his fight camp. You add that Pacquiao still has to pay Freddie Roach, and he's basically already spent all of his money before the fight.

You add that Bob Arum still needs to get his own cut of the pie, let alone Michael Koncz getting his manager's fee, and the only way Pacquiao ends up with anywhere near the money that was projected is if the fight does over 4m PPV buys.

maybe this is the way for Arum to offset what's seeming like, with the projections settling around 3m, Pacquiao ending up with nowhere near the money that he was talked of as getting, while Floyd walks away with about as much as most talked of him getting.

[Espy]

Wouldn't be surprised, he can write off up to half of his tax liability on his adjusted gross income if he donates to tax exempt charities. Makes sense: he satisfies his tax liability, generates good press/publicity and he helps charities!

[HanzGruber]

I guess floyd wasn't lying when he said this the other day

"Financially I don't think Top Rank treated him right for this fight."

And this lol


"Like when he said he said he signed paperwork [to fight me earlier this year]. I said you must have signed an extension or you must have signed half your money over. As far as you said you signed to fight, that's not true,"

[Scipio2009]

I dont understand this..I mean,you will never see a 25 mill check(maybe online) also you should know how it works,it is not his whole purse...another guys is saying half his earning go to IRS,but so does mayweathers..and some other guys said,he is paying roach 8 million,konks 15% and arum 27 % plus bought a 12 million dollar home and 3 million worth of tickets...here is a crazy number i am going to throw around,for the sake of argument lets say pac is making 100 million dollars,,with all the IRS and allll the fees that people here are saying(god knows know how they know)pac still left with 15 million dollars(the house he probably bought with old money) and being in cali those home just go up and value...about the tickets,we dont know if he spent that money or it was stipulated on the contract the you mjust give me 50 tickets (or whatever number)so the might have a face value but is not Out Of Pocket money..now,we all know he is making way more money than 100,once ppvs,trunks,sponsors,etc,etc come together....Now,what is funny is when it comes to pac,he is making very little money,but mayweather is making a lot of money,nobody mentions the money he is spending,he also have to pay the IRS,i am sure haymon is getting some money,his uncles and father.....Bottom line,in this single fight they both are making more money that me and my kids will ever make!

Mayweather pays ~40% to the IRS, but that amount is offset, dollar for dollar if I recall properly, by the amount he pays in sales tax in Nevada (Nv has no state income tax). Beyond that, Mayweather pays Haymon his 10%, pays his trainer, pays his camp expenses and keeps everything else for himself.

Manny Pacquiao pays the BIR ~45% (offset by whatever he proves to have paid the IRS), pays Arum over 25%, pays Koncz his 15%, pays Freddie Roach, pays his camp expenses, and then keeps the rest (hoping against hope that his BIR tax mess can hold off until he runs for President).

Once everything gets paid, Pacquiao may walk away with 10% of his total purse, putting that in the bank; Floyd walks away with 30%-35% of his total purse (likely more with the various tax loopholes available to him as an American taxpayer and LLC). Floyd starts off with a significantly larger pie than Pacquiao, and he ends up keeping significantly more of it.

Pacquiao went from talk of getting $80m-$100m as his purse, to only for sure getting $25m (30% of which is deducted even before he gets his check). All of this before Arum takes his piece.

Personally, I don't think Arum is an honest and forthright actor in anything, especially when it comes down to money matters. How did Top Rank divvy up the 4,200 tickets. that were in their allotment, with Manny Pacquiao?

The only real sizable money left to be divvied up 60/40 between Mayweather Promotions and Top Rank is the PPV revenue. I doubt that Pacquiao gets cut in on most of the streams; he'll get the rumored $50m guarantee, with the discrepancy in money that actually ends up with pacquiao put off on charity.

[Scipio2009]

He is set for life even if he goes broke. All the people he hooked up through the years, they will pay him back.

It's strange how in third world countries people who don't have barely anything give stuff to people yet us in the first world, we watch them go to the poor house and say aw that's too bad.

Manny just gotta fear the tax man trying to scalp him.

Pacquiao is going to the 'MC Hammer' phase of his run; everyone that he's helped, from what I've read about the guy, used the money that was given near immediately, whether it be for food, some hotel accommodation or whatever else an entourage menber would just blow money on.

When Pacquiao goes broke, hardly anyone that he's given money to will likely have done anything productive with the money, with the ones that did do something with the money given to them not foolish enough to drive they and their families into hard times to dole out their own money.

Hopefully Pacquiao finishes that church, or set up some kind of income-generating businesses, to keep the lights on.

[Scipio2009]

Then you went about your flomming ways and included child support (referencing his illegitimate kid) why are you so obsessed with that?

If Mayweather had lived the life he did, gone to prison, found the Holy Spirit in the box, and come out talking up his admiration of the Lord (generally, the American public doesn't really want to hear an athlete pushing religious beliefs super heavy), and not gotten into any trouble from that moment forward, they'd still spend the extra time, harping about how vile an evil a man Floyd Mayweather was.

Pacquiao lived a life that had exhibited far more debauchery than anything that was ever tied to Floyd Mayweather, found God in 2012, and the general narrative acts as if Pacquiao has always been this saintly boxer.

Why Floyd gets raked over the coals for the evil that he's done to his girlfriends and the women in his life, while Pacquiao doesn't get a single question about the evils that he's done to his wife and the various women/people in his life, is beyond me, though likely why his illegitiamate children were brought up in such a clumsy way

[KING MEAT]

bob is in total control of pac money. sad...

[Scipio2009]

Floyd Mayweather got a $30m+ guaranteed purse for the Guerrero fight (likely took home $40m once everything was counted), near $35m guaranteed for the two Maidana fights (likely ended up with $40m-$50m once everything was counted) and near $45m as his after-the-fight check for the Alvarez fight (likely ended up with nearly $80m once everything was counted).

Maybe I'm a bit off, but a reasonable expectation for a guaranteed purse would logically be around 50% of what's being projected as the full purse (outside of a Canelo situation, where a domestic deal covers the bulk of the guarantee, with the vast majority of the other money coming on the massive upside of an event).

Pacquiao only getting $25m on the front-end seems to connote that Top Rank onlt forsees paying out $50m-$60m to Pacquiao.