Tuesday, October 9, 2007

Windfall

For his last fight against Marco Antonio Barrera last Sunday, Manny Pacquiao earned a cool 7 million dollars or 308 million pesos. Broken down, he was paid 3 million dollars for his fight purse, 2 million dollars for pay-per-view receipts in the US and another 2 million dollars for local pay-per-view receipts. Minus taxes and the usual share of his handlers, his net income for the 12-rounder will be close to 100 million pesos. That doesn't include the endorsements he's sure to reap in the coming days. That's enough money for a high school dropout & a one time baker to last him several lifetimes.

At the post-fight conference, Pacquiao intimated that he might jump to the 135 lbs division and might increase his fights in a year into 4 fights a year. That means more money will come his way as a lot of marquee names (the Diazes, Katsidis, etc.) are waiting for him there. Bob Arum, his promoter openly says that he might be eligible for 5 million dollar fights at that division. Talk about the poor getting rich and getting richer still.

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