So Pacquiao got 313k off a 2 million payday v. Morales

He should've broken away from Arum years ago and strengthen his MP promotions to fight solely through his promo company. I can't even imagine how much money he lost by staying with a big time promoter for as long as he did.

The 2 best examples since the turn of the century of guys really maximizing their purses are Oscar De La Hoya and Floyd Mayweather Jr. Once they left Arum, their purses sky rocketed.

The guy is still worth a lot, but could've been worth exponentially more.

 

Pacquiao is a fighter. That's all he ever was in the fight game. MP promotions be damned.

He just fought everybody.

 

He's a prizefighter, not a street fighter.

His advisor was just interviewed trying to give reasons behind why Bradley was picked for a 3rd fight. He said the ONLY reason was to maximize MP's purse.

So let's not pretend like Manny would be fine fighting for pennies on the dollar. He's a prizefighter first and foremost, and his primary goal is trying to accrue as much money as possible. There's absolutely nothing wrong with that.

 

Of course pac has made unbeatable amounts, but he's probably taking home less than 25% of what he really should have.

His team has robbed him, he'll find out once he's retired. Answer me this, why the phuck would arum have to advance him 2 mill when he signed to fight TB. That's strange, pac should have so much net money.

Obviously something is wrong. Few years ago pac hired a consulting firm. They saw so many irregularities with his money. It started to go public, then arum got involved, fired the firm then the tax problems came about..

I don't think pac is bright enough to deal with arum. Why does he always need advances, and just like fmj stated recently, how was is possible that pac made so little when he made 300 mill.

Pac should've made 150 mill, but not even close. After that event it's a red flag that he needed a 2 mill advance

 

lol and how well are mayweather promotions doing?

fact is Pac has done amazing for his career money terms without arum he would of not had the opportunities anyway

cotto is not with a promoter but get peanuts compared to Pac

 

well his not done to bad second only to mayweather in terms of money earnt from the sport

 

everyone could do better

 

I don't think he did bad at all. But if he broke away, say around 2010 from Arum and fought solely through MP promotions, I think it's safe to say he'd be worth a LOT more money than he is now. He was a great fighter who also was very popular. When you're as big as someone like him, you should be able to go solo.

 

I agree that he's trying to take in large purses. But Pacquiao is not the type of guy to play promotional games. Put a fighter in front of him and he'll fight him. That's all he's ever done.

 

Pac has other things he focuses on like being a president of his country why take on more headache with a promo company

and look at mayweather promotions they hardly made any money

 

What a loser,should have had k-2 promoting him

 

http://www.secondsout.com/columns/thomas-hauser/manny-pacquiao-where-the-money-is-going

According to a January 19th letter prepared by Nick Khan (one of Pacquiao's current co-managers) and submitted to the Nevada State Athletic Commission, Pacquiao was guaranteed a minimum purse of $2,000,000 for the Morales rematch. Subsequent to the fight, after deductions, Pacquiao received $313,446. That's not as bad as it sounds, but the question remains: "Where did the rest of the $2,000,000 go?"

One piece of the pie went to management. Pacquiao has three co-managers; Shelly Finkel, Nick Khan, and Keith Davidson. Khan and Davidson are attorneys. Finkel is not. The co-managers helped Pacquiao extricate himself from his promotional contract with Murad Muhammad. As part of that effort (and in addition to other services), they advanced a portion of the legal fees that were paid to Judd Burstein (who represented Pacquiao in his litigation against Muhammad). Pacquiao later reimbursed Finkel, Davidson, and Khan for the legal fees that they advanced.

Pacquiao's contract with his co-managers is the standard form contract provided by the California State Athletic Commission. It was signed before Dean Lohuis (then the acting executive director of the commission), who explained the agreement to Pacquiao through a translator (Pacquiao speaks Tagalog). Pacquiao was not represented by an attorney at the signing.

Pursuant to the managerial contract, Shelly Finkel is entitled to receive twelve percent of Pacquiao's gross purse from the Morales rematch. That means, in addition to his percentage of future income from the fight, he was entitled to $240,000 out of the $2,000,000 minimum purse. Finkel deferred $40,000 of this amount in the form of a loan to Pacquiao and received the remaining $200,000.

Nick Khan is entitled to receive 4.64 percent of Pacquiao's gross purse from the Morales rematch. That means, in addition to his percentage of future income from the fight, he was entitled to $92,800 out of the $2,000,000 minimum purse. Khan deferred $11,600 of this amount in the form of a loan to Pacquiao and received the remaining $81,200.

Keith Davidson is entitled to receive 3.36 percent of Pacquiao's gross purse from the Morales rematch. That means, in addition to his percentage of future income from the fight, he was entitled to $67,200 out of the $2,000,000 minimum purse. Davidson deferred $8,400 of this amount in the form of a loan to Pacquiao and received the remaining $58,800.

Freddie Roach (Pacquiao's trainer), is entitled to ten percent of Pacquiao's gross purse from the Pacquiao-Morales rematch. That means, in addition to his percentage of future income from the fight, he was entitled to $200,000 out of the $2,000,000 advance. Roach deferred $40,000 of this amount in the form of a loan to Pacquiao and received the remaining $160,000.

Other deductions included $376,666 in payments to the Internal Revenue Service on behalf of Pacquiao for present and back taxes; a $200,000 advance from Top Rank (believed to have gone to Pacquiao); $80,350 to Top Rank for Pacquiao-Morales fight tickets requested by Pacquiao; $75,000 to assistant trainer Restituto Fernandez; $50,000 to translator and camp aide Joe Ramos; $4,708 to Shelly Finkel for airplane tickets for Pacquiao's wife and one of Pacquiao's friends; $2,000 to the WBC as a sanctioning fee (the fee was relatively low because the fight was for a regional title); and $25,000 that was withheld by the Nevada State Athletic Commission pending the result of Pacquiao's post-fight drug test.

There were also $372,839 in deductions paid to Gary Shaw Productions (Pacquiao's promoter). Top Rank (Bob Arum's promotional company) was the lead promoter for the fight and did the bulk of the promotional work. Shaw was brought in by Pacquiao's management team to look after Pacquiao's interests.

In addition to performing his promotional duties, Shaw developed a great fondness for Pacquiao. It troubled Gary that, when Pacquiao fought Erik Morales the first time, Murad Muhammad had enjoyed a luxurious suite while the fighter was consigned to lesser quarters. Thus, for Morales-Pacquiao II, Shaw arranged for Manny to be lodged in a luxurious two-bedroom suite with a wet bar, plasma TVs, and other amenities. Shaw says that escorting Pacquiao to his suite was a great moment. "It made me feel good," said Gary, "just to see Manny's reaction." He had a smile like a kid at his first Christmas."

Deductions paid to Shaw included $3,200 for tickets to the rematch between Diego Corrales and Jose Luis Castillo requested by Pacquiao; $52,000 in additional advances (believed to have been paid to the fighter); and $67,639 for a Porsche purchased on behalf of Pacquiao.

In addition, Gary Shaw Productions received a flat fee of $250,000 for its services as Pacquiao's promoter with regard to the Morales rematch. This fee was negotiated by Shaw with Shelly Finkel and Nick Khan. The terms of Shaw's promotional agreement were explained to Pacquiao in Tagalog, and Pacquiao signed the agreement. It appears from the aforementioned January 19th letter prepared by Khan that the $250,000 promotional fee was charged in its entirety to Pacquiao. This conclusion is based on the fact that the portions of the $2,000,000 minimum purse listed as being due to Finkel, Khan, Davidson, and Roach are calculated as percentages of the entire minimum purse; not the minimum purse less Shaw's $250,000 promotional fee. Also, in a January 27th letter, Bruce Zabarauskas (counsel for Finkel) states that Finkel, Khan, Davidson, and Roach are entitled to their percentages based on Pacquiao's "gross purse." If Finkel, Khan, Davidson, and Roach had shared in the cost of Shaw's promotional fee, Pacquiao would, without other adjustments, have received an additional $75,000.

Clearly, Shaw negotiated very skillfully for himself. $250,000 is a lot of money. Secondsout contacted three promoters with extensive experience at the world-championship and pay-per-view levels. Each of the promoters said that he would have accepted $100,000 to serve as Pacquiao's promoter for the Morales rematch. Among the factors they cited were (1) the bulk of the promotional work was performed by Bob Arum; (2) Shaw benefited from the visibility and prestige that came with being Pacquiao's promoter of record; and (3) many of the chores that Shaw performed on Pacquiao's behalf (such as attending rules meetings and providing input on the selection of ring officials) could have been performed by Pacquiao's co-managers (and in particular, by Finkel who has been in boxing for more than two decades).

 

Pacquiao isn't and never was a bright individual as far as financial common sense.

So dumb and stupid was Pacquiao he was willing to sign on the dotted line to rematch Juan Manuel Marquez for basically the same amount of money he had gotten paid for fighting Marquez the first time.

Can you imagine any fighter accepting to get paid the same amount to rematch a fighter he just fought in a fight of the year classic battle?

Its the reason Bob Arum loves Manny and hates a fighter like JMM who questions the contract numbers.


What fighter other than Manny Pacquiao has ever signed to fight for two different promoters at the same time???
That move cost Pacquiao in the millions for years as a chunk of his pay for many fights was being handed over to GBP for fights that were being staged by Top Rank.

Manny Pacquiao just never has been very bright.
A promoters dream, he just signs on the dotted line and fights.

 

He seems like he would be easy to take advantage of. Seems a little slow.

 

That's nothing, I'm gonna get 1.5 billion $ tomorrow :yep