Manny Pacquaio wants to fight Floyd Mayweather Jr. but the two can’t agree on the financials. The fight, which was expected to take place on May 5th, has been scrapped since the fighter’s couldn’t agree on who should get paid what.
Mayweather initially offered Pacquaio a flat fee of $40 million for the fight. Pacquio said that the offer was insulting since it didn’t include a cut of the PayPerView money. Pacquaio told Yahoo! Sports:
“Mayweather talks, he says all this, but you know what: He doesn’t want the fight. I want the fight. I’m the one who has wanted this fight all along. He offered me $40 million, and no pay-per-view [money]… Can you believe that? Would you do that?.. No pay-per-view. Take this money and be happy, but no pay-per-view. He wouldn’t do it, either.”
Pacquiao gave Mayweather a counter offer, saying that he’d give Mayweather $50 million up front for the fight. Pacquiao also said that the Pay-per-view money would be split with the winner taking 55%.
Pacquiao said that he would agree to the fight if the profits were split close to 50-50. Pacquiao said:
“I told him, ‘OK, 50-50 [with the money] and I’ll agree to everything else.’ I told him I would agree to all of the other things he was demanding. Everything. Even the blood testing he wanted, I would do it. But it had to be 50-50.”
Mayweather’s manager, Leonard Ellerbe, denies that Pacquiao made an offer. Ellerbe said that Pacquiao would never get this sort of payday with another fighter and he should be happy with a $40 million offer. Ellerbe said:
“What Manny Pacquiao has to understand, and I don’t think he understands this part, is that if the fight ever comes off, he’ll never make the kind of money that Floyd makes. That’s simply because of the structure of his terrible deal with his promoter. [Pacquiao] is a guy who doesn’t know what he makes fight to fight. He has no idea of where the revenue comes from. There’s no way he’s going to come up with something like that [offer] off the top of his dome.”
Pacquaio already has a few fights lined up this year so if the Mayweather fight ever does happen it probably won’t be until 2013. But in order for the fight to happen Pacquaio and Mayweather would have to agree on financial terms, which, frankly, doesn’t seem likely to happen.