Pacquiao’s $20-M price staggers Arum

  • Page Views 2404
  • Promoter Bob Arum yesterday was unsure whether Top Rank can afford Manny Pacquiao’s staggering guaranteed asking price of $20-million for a fight with fast-rising American Terence Crawford, a fight many see as a risky one for the aging Filipino champ.

    “We’ll see,” Arum told the Bulletin from Los Angeles yesterday.
    Arum, 85, it seemed was not worried about Pacquiao facing Crawford, he appeared more to worry about whether Pacquiao can generate enough pay-per-view buys to meet the Filipino’s staggering price.

    Pacquiao’s camp had indicated that he plans to fight on April 22 against Crawford provided he is paid $20 million, an amount that was standard pay for Pacquiao’s standard fights – in the past.

    The Philippine Senate, where Pacquiao is a neophyte member, will be in recess beginning mid-March and will resume session in the first week of May, making it possible for Pacquiao to train in earnest.

    Arum says that save for Pacquiao’s historic meeting with Floyd Mayweather in 2015, a showdown that posted 4.4 million PPV buys, his PPV performances as of late haven’t been that enticing.

    In April last year when Pacquiao fought Tim Bradley for the third time, the PPV took a big blow as it only came up with 400,000 subscriptions.

    When Pacquiao fought the second time in November against little-known Jessie Vargas, the numbers again suffered a hit, just 300,000 buys. To make that fight happen, Pacquiao agreed to a massive pay cut hoping PPV will make up for the cut.

    Mike Koncz, Pacquiao’s longtime adviser, feels that the $20-m asking price is just right as this had been the 38-year-old regular purse except when he faced Vargas.

    This was Pacquiao’s guarantee when he went up against Juan Manuel Marquez, Miguel Cotto, Antonio Margarito and Shane Mosley when his PPV numbers hit the roof.

    Against Oscar De La Hoya in 2008, the PPV reached 1.25 million and his numbers improved even more against Marquez (third fight) at 1.4 million, Cotto at 1.25 million, Margarito at 1.15 million and Mosley at 1.3 million.
    Arum is actually in the process of finalizing his trip to Manila to discuss what’s on the horizon for Pacquiao. (N. Giongco, mb)

    Share

    New Posts Recently publish post More

    • 08 April 2021
      4 days ago No comment

      Luis and Jessy Mendiola get married

      Jessy Mendiola is now officially Mrs. Manzano! Celebrity couple Jessy Mendiola and Luis Manzano on Sunday revealed that they are already married. Mendiola made the confirmation through a 5-minute video posted on her Youtube channel, as well as a post on her Instagram page. The video showed the couple’s ...

    • 08 April 2021
      4 days ago No comment

      Canada COVID-19 cases breach 1 million as third wave hits

      It came from no less than the Prime Minister Justin Trudeau. Canada is now battling a third wave of the COVID-19 pandemic. Meanwhile, COVID-19 cases in the country have surpassed the one million mark as the third wave ripples across the nation. Canada has recorded 1,001,650 cases since the ...

    • covid-virus
      02 April 2021
      1 week ago No comment

      B.C.’s COVID-19 on new restrictions

      Dr. Bonnie Henry, B.C.’s provincial health officer, and Adrian Dix, Minister of Health, have issued the following joint statement regarding updates on the COVID-19 response in British Columbia: “Today we are reporting three periods: from March 26 to 27, we had 936 new cases; from March 27 to 28, ...

    • 02 April 2021
      1 week ago No comment

      Juan on Juan : Pat and Bert Parungao

      Soulmates.  When two people are brought together, and they easily fit into each other like peas in a pod, with the same hopes, ideals and drive to serve others, that’s finding one’s soulmate. That describes Pat and Bert Parungao. Bert who is from Tarlac and Pat who was born ...

    • 01 April 2021
      2 weeks ago No comment

      Duterte keeps ‘em guessing about 2022 plans

      The Philippines will hold its next election for president in 2022, and the country’s incumbent top leader may not be ready to exit the scene. Speculations are rife in political circles that President Rodrigo Duterte could end up as the new Vice President. Duterte may yet run as second ...

    %d bloggers like this: