Pacquiao’s $20-M price staggers Arum

  • Page Views 1649
  • 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

    • 20 July 2018
      3 days ago No comment

      Ant Man and The Wasp (PG)

      Mini Marvels! Giant -sized fun is on tap big time in Ant Man and The Wasp. Trust Marvel Studios and Disney to come up with just a crackerjack fun time at the movies. Better than your typical superhero movie check out this crowd -pleaser at Cineplex Cinemas around BC. ...

    • 20 July 2018
      3 days ago No comment

      ABS-CBN Star Cinema’s “I Love You Hater” posts the truths and lies about love and what’s in between

      Star Cinema’s anniversary offering brings together Philippine Queen of Media Kris Aquino and young entertainment royalties JoshLia in a story that shows how hate is not the end and be of it all MANILA, PHILIPPINES – Is it possible to love someone you hate? The generational movie “I Love ...

    • 16 July 2018
      7 days ago No comment

      Manny Pacquiao is back!

      KUALA LUMPUR – “I’m back! With these words, Filipino boxing icon served notice to the whole world of his third coming after devastating losses he suffered the past seven years. Defeats dealt him by arch-rivals Juan Manuel Marquez in 2012 and Floyd Mayweather Jr. in 2015, and only last ...

    • 16 July 2018
      1 week ago No comment

      Glaiza works hard in Contessa

      GLAIZA De Castro revealed that some of the episodes of her hit afternoon show, “Contessa,” are recorded in the morning and aired in the same afternoon. “Naubusan kasi kami ng stocked episodes,” she said. “Dalawang taping days namin, inabot ng maghapong ulan, lalo na ‘yung set in Daranak Falls ...

    • 16 July 2018
      1 week ago No comment

      Barbie as Happylou!

      Barbie Forteza has reason to rejoice because her primetime show, “Inday Will Always Love You,” continues to clobber its rival show in the ratings game. Her performance as the very positive and perky Happylou is truly a big winner as viewers just can’t seem to get enough of her. ...

    %d bloggers like this: