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Pacquiao vs. Hatton is back on
By Zach Arnold | January 23, 2009
A day after Ricky Hatton was set to cancel his May 2nd fight date against Manny Pacquiao due to Pacquiao refusing to sign a contract, Pacquiao has now reportedly signed the fight contract. This was a similar tactic that Pacquiao used the first time around with Golden Boy last year when he negotiated for the Oscar De La Hoya fight. Bob Arum, who is Pacquiao’s promoter, was scheduled to fly to Manila to try to convince the fighter to sign the deal to fight Hatton. Apparently, this time around, some alcohol consumption got the job done.
Pacquiao originally wanted a 60/40 purse split and a higher guarantee up front. In the end, it’s now reportedly a 52/48 split (Hatton’s camp wanted 50/50).
Topics: Boxing, Media, Zach Arnold | 22 Comments » | Permalink | Trackback |
What a prissy little bitch.
52/48 is purely for ego.
Actually the 52/48 split is probably more on principle. Manny is the bigger star.
Plus when we’re talking about those numbers, 2% is equivalent to around a half million dollars. Even for Manny Pacquiao, 500K is still a nice chunk of change. Especially considering that he will most likely give it away.
Aren’t contracts signed under the influence potentially voidable?
He should have held out for 53/47.
I’m amazed at all the people bitching about the fighters wanting to earn as much as possible. This is not an insignificant amount of money. a few % can be 100K to a million and if their agents did not fight for every scrap then they would not be doing their job. Every fight can be your last and an extra 500k goes a long way towards a comfortable retirement.
Not ego 45 – dollars make sense.
Business is business and Pac is the bigger fight outside the UK and certainly the hotter commodity of the two.
The guy made $15 to $30 Million + for his fight with ODLH. If he needs to be fighting over even $1 Million at this point, then he either doesn’t know how to save a dollar, or like i said before…. It’s for ego.
And yes, I’m taking into account that he wouldn’t get a good chunk of that because of taxes, paying his trainers, and so forth.
It’s always funny when guys in boxing bicker over how to split multi-million dollar paydays.
From a major event standpoint, this is great for boxing. From a competitive standpoint, I think Hatton is in for a tough night.
Like Mayweather, I think Pac-Man’s speed and quickness is going to give Hatton problems over the course of a 12 round fight. But at least he’s going to be well compensated.
I dont think Pacman does what PBF did to Hatton. I feel Hatton at 140lbs is strong and can get inside Manny for sustained periods and work his body to slow him down. The most important thing for Hatton is his head movement improves with floyd senior or Manny will nail him with the left hand plenty of times. Manny is def favourite but I think it will be a lot more competitve than some people think.
“I’m amazed at all the people bitching about the fighters wanting to earn as much as possible.”
It’s not about people bitching about what fighters make. Trust me, athletes of all sorts deserve every penny that they make and I hate it when people bitch about what athletes, movie stars, etc. make. No one here is bitching about these guys making eight figure paydays. No, it’s more than that. It’s about fighters (Pacquiao especially) over-valuing their worth and showing almost diva-like posturing. Negotiating for a better deal is fine, but what Pacquiao was doing is unbelievable. Even his promoter, Bob Arum (who is one of the greediest fuckers out there) is criticizing Pacquiao for his behavior. Hatton’s people had to kiss Pacquiao’s ass to be on the lower end of a 52-48 split. It’s good to be a good negotiator and a good businessman, but Pacquiao was just ridiculous.
All right, let me give you an example (it may seem like it what I am about to say has no bearing here, but just bear with me.). Let’s say I bought a videogame six months ago that was sixty dollars at retail at the time. Since then it went down to forty dollars retail new, and 35 dollars used. I am interested in selling the game to you, because I know I may get no more than eight bucks for it at Gamestop. So you ask me how much and I say……sixty dollars. You scoff at that number, rightfully so, and I stand my ground and demand no less than sixty dollars, because I bought it at sixty dollars, I want my sixty back more or less. Am I being a good businessman? Or am I being ridiculous and stubborn? I hope your answer is ridiculous and stubborn. That’s what Pacquiao is being. Ridiculous and stubborn.
Oh, and let’s talk about fighter pay. If you keep upping the price of fighters, and we all know promoters want a huge chunk of change, then the promoters and whoever else are just going to raise the prices of PPVs and tickets to live events. And that is NOT good for the long-term health of the sport/industry. Hurting the long-term health of the sport/industry for short term gain is not good at all. And as I said, I am all for athletes and the like getting as much money as they can. They deserve it, especially because they have such a small window of opportunity to go in, make their money, and then get the fuck out while they can.
Baseball is an example of money going out of wack….
1. Most team owners lose money.
2. Ticket prices are so outrageous now for Yankees tickets, that seats that were $170 last year are now $2,500 this year.
People like baseball after they go to a live game. At least in the North East, that is quickly becoming too expensive. The high ticket prices are to pay guys like Alex Rodriguez, Derek Jeter, and Sabathia. So when the only affordable seat for a common fan like me is in the upper deck, I have a right to complain about salaries.
And don’t tell me “the market dictates itself”. These front row seats are basically corporate seats now, and completely out of reach for anybody with even an above average paying job. Even rich people can’t justify spending over $500 for a seat to a baseball game.
UFC tickets are expensive, but the market has dictated the correct values for those seats. I can’t say the same thing for baseball tickets, especially when there are 81 home games a year and they are so highly priced.
And let’s not even begin to discuss football tickets that are making people pay an upfront cost for the season tickets. Once again, this creates corporate seats, not fan seats.
So when a fighter complains about getting 50, or 52, or 54 percent of the purse, it just makes me not want to purchase their PPV’s.
Boxing is a business. He was just trying to get the most that he could. But the other side didn’t flinch and It was just way too much money to turn down.
“Boxing is a business. He was just trying to get the most that he could. But the other side didn’t flinch and It was just way too much money to turn down.”
Yes, we all know boxing is a business. But as I said, Pacquiao was NOT being a good businessman nor negotiator. He was being stubborn and ridiculous. And we almost got no fight because of Pacquiao\’s ridiculousness. Which meant, no money made for either guy. And you know who the other options for Pac were? Humberto Soto and Edwin Valero, both being very good fighters. I would LOVE to see Pac fighting both of those guys (and Soto and Valero fight each other) and it was said that Pac wouldn\’t make more than about $2 million for those fights, and Pac was guaranteed about…what? $30 million? Obviously Pacquiao is new to the negotiating game…
Manny didn’t HOLD out for 52/48 – he was holding out for 60/40 and accepted 52/48. Thats a matter of a million to 2 million dollars. When he didn’t get it he made the fight anyways. Pac gives away huge amounts of his money, (to the point where he could very well be broke after he retires if he invests poorly), to the poor in the Philippines so hes far from greedy.
“then he either doesn’t know how to save a dollar”
He really doesn’t. He gives it all away. Even Freddie Roach has said that Pacquiao needs to stop giving so much of his money away.
Hey, at least he gives his money to those less fortunate and those who can REALLY need it. But where does he draw the line? Oh, and the security/mercenary staff he has on his property 24/7 I’m sure puts a dent in his bank account. He really should sell out and move to Manila, or if possible, a gated community where there is no terrorist activity.
You know I basically agree with you all about salaries being out of hand in sport but its still hard to fault fighters and players getting all they can. Especially seeing as the fight is going to go through any way.
And as for your example Chuck… if you can get me to pay 60 for your game more power to you.
Pacquiao got his percentage upped and the fight is still happening. I’d say he did a decent job. Its not like it was a Juan Manuel Marquez situation; Marquez turned down $750,000 for a Pacquiao rematch a few years back, along with several other fights, as he was demanding one million or more. He ended up getting his belt stripped and fighting in Indonesia for mid-5 figures against Chris John, and lost.
“And as for your example Chuck… if you can get me to pay 60 for your game more power to you.”
LOL! Well, if I can sell someone stupid a game for sixty where I should get no more than about thirty for, then I am……….THE ULTIMATE NEGOTIATOR!!
pacman rightly deserve a higher purse. and to be honest, the money he earns does not necessarily goes all into his pocket. he gives to charity worth millions of pesos. he is a generous man. i have not yet seen another boxer in his caliber that is as generous as pacman. he gives dole out to people in need, donate an advance machine for cancer in his city, and a lot other stuff that does not hit the news.
surely it should be 50/50 hatton donates loads to his local pub and pie shops lol