By Keith Idec
LAS VEGAS – Manny Pacquiao’s complete compensation package for his fight against Adrien Broner will amount to at least twice what’s listed on his contract filed with the Nevada State Athletic Commission.
According to paperwork filed with the NSAC, Pacquiao’s purse is $10 million, plus a percentage of the profits from their pay-per-view event. Broner’s purse, per his NSAC contract, is $2.5 million, in addition to upside of his own.
Multiple sources have confirmed to BoxingScene.com, though, that Pacquiao’s total take from boxing Broner will be at least $20 million. He will be paid $10 million Saturday night, from which he will immediately pay federal income taxes, additional taxes to help settle his outstanding debt with the Internal Revenue Service, his sanctioning fee for defending the WBA’s world welterweight title and his pre-determined fees to members of his team.
The additional money, at least $10 million, will be paid to the Filipino superstar from various revenue streams – including Filipino television rights, American pay-per-view revenue from Showtime and sponsorships. Pacquiao’s net pay from fighting Broner is unknown in part because details of his tax settlement with the IRS haven’t been revealed.
Regardless, the 40-year-old Pacquiao (60-7-2, 39 KOs) will be paid handsomely for his first fight with influential adviser Al Haymon’s Premier Boxing Champions. Pacquiao, who was promoted for most of his iconic career by Bob Arum’s Top Rank Inc., agreed to a multi-fight agreement with Haymon’s company last fall.
Pacquiao’s guarantee for his last fight with Top Rank was $8.5 million. Jeff Horn (19-1-1, 13 KOs) upset Pacquiao in that July 2017 bout by unanimous decision in Brisbane, Australia, the then-unbeaten Horn’s hometown.
Pacquiao-Horn was not a pay-per-view fight. It aired live on ESPN in the United States.
The most money Pacquiao made for one of his Top Rank fights was the $127 million he earned for a unanimous-decision loss to Floyd Mayweather Jr. in May 2015 at MGM Grand Garden Arena.
Mayweather-Pacquiao was the most profitable fight in boxing history. It earned more than $600 million in overall revenue and produced a record 4.6 million pay-per-view buys.
Pacquiao’s company, MP Promotions, handled his last fight, a seventh-round stoppage of Argentina’s Lucas Matthysse (39-5, 36 KOs, 1 NC) on July 15 in Kuala Lumpur, Malaysia.
Top Rank distributed Pacquiao-Matthysse as the main event of a live stream on ESPN+ in the United States as part of the company’s exclusive content partnership with ESPN. Pacquiao’s pay for the Matthysse match has not been reported.
Cincinnati’s Broner (33-3-1, 24 KOs, 1 NC) also will paid significantly more than the $2.5 million listed on his commission contract. BoxingScene.com could not confirm, however, just how much more than that Broner will earn from his first pay-per-view main event.
The 12-round, 147-pound championship bout between Pacquiao and Broner will headline Showtime’s four-fight pay-per-view broadcast. The show is scheduled to begin at 9 p.m. ET/6 p.m. PT and costs $74.99 to view in HD through most cable and satellite companies.
The Pacquiao-Broner show also can be viewed through Showtime’s app for the same price.
Keith Idec is a senior writer/columnist for BoxingScene.com. He can be reached on Twitter @Idecboxing.