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Oscar De La Hoya's Golden Boy Promotions thought it had a deal to sign lightweight titlist Juan Diaz last week, but Diaz's manager, Willie Savannah, reneged before it was signed and instead took a better offer from Don King.
Golden Boy didn't make the same mistake twice, signing Filipino superstar Manny Pacquiao out from under rival Top Rank by getting his signature on a seven-fight contract during a secret dinner Monday night in Los Angeles, multiple sources with knowledge of the deal told ESPN.com.
"It's done. It is signed," said one source, who said he has seen the executed contract.
Golden Boy, fast becoming boxing's most significant promoter, will also pay Pacquiao an undisclosed signing bonus, the source said.
Pacquiao arrived in the United States from the Philippines on Monday, a day ahead of a Tuesday news conference in Beverly Hills to discuss his Nov. 18 rubber match with rival Erik Morales. Pacquiao opened his training camp in Hollywood on Wednesday.
source: espn
Golden Boy didn't make the same mistake twice, signing Filipino superstar Manny Pacquiao out from under rival Top Rank by getting his signature on a seven-fight contract during a secret dinner Monday night in Los Angeles, multiple sources with knowledge of the deal told ESPN.com.
"It's done. It is signed," said one source, who said he has seen the executed contract.
Golden Boy, fast becoming boxing's most significant promoter, will also pay Pacquiao an undisclosed signing bonus, the source said.
Pacquiao arrived in the United States from the Philippines on Monday, a day ahead of a Tuesday news conference in Beverly Hills to discuss his Nov. 18 rubber match with rival Erik Morales. Pacquiao opened his training camp in Hollywood on Wednesday.
source: espn
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