While Manny Pacquiao is getting a guarantee of $12 million (about P570 million) against Miguel Cotto in their November 14 super fight – the same amount he got against Ricky Hatton last May when they agree to a 50-50 revenue split – the Filipino stands to earn much more this time considering that he got the lion’s share of the money in the profit-sharing.
Sources within Team Pacquiao say that Pacquiao was granted a 65-35 share and that he stands to collect an extra in case the Puerto Rican fails to make the agreed weight limit of 145 lbs during the official weighin on the eve of the fight.
However, it could not be determined how much Cotto will be assessed assuming he is overweight.
Pacquiao got the bigger percentage owing not only to his status as boxing’s premier fighter but his proven track record in selling pay-per-view and tickets.
Pacquiao’s landmark bout with Oscar De La Hoya last year generated 1.25 million buys that amounted to $70 million.
Against Erik Morales in 2006, a provision in the contract stipulated that Morales pay $1 million for every pound in excess of 130 lbs. As it turned out, Pacquiao did not cash in on that one since Morales – severely dehydrated from the massive weight reduction – made the weight but eventually lost in a devastating manner.
Cotto might not undergo the harrowing experience Morales had years ago since he actually weighed 146 lbs in his last fight last June.
Still, Team Pacquiao is not discounting the possibility that Cotto might have to shed off some excess poundage in the hopes of preventing a massive fine.
Cotto plans to start training in late-August in Puerto Rico before moving to Tampa, Florida.
Pacquiao sets to rekindle his successful partnership with Freddie Roach in the middle of September after attending the three-city press tour that kicks off Sept. 9 in Los Angeles.
Source: mb.com.ph
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