Algieri may lose Pacquiao fight offer

Posted at 07/15/2014 12:06 PM

New World Boxing Organization (WBO) light-welterweight champion Chris Algieri is reportedly in danger of losing the offer to fight Filipino ring champion Manny Pacquiao later this year.

It was revealed last week that a Pacquiao-Algieri fight was close to being done, but a report by News Day said Algieri "doesn't want to sell himself short" in a potential bout against Pacquiao.

Algieri is reportedly being offered around $1.5 million and a share of pay-per-view profits.

"If we're going to make this fight happen, I value myself and my health very highly, and what I've been doing for the past 20 years," said Algieri. "I just want what I deserve."

Algieri had earned his shot at Pacquiao after beating Russian brawler Ruslan Provodnikov in a 12-round showdown that saw him recover from two early knockdowns. He earned $100,000 for that fight.

"I took a calculated risk with the Ruslan fight and took short money because of that reason. I was really unknown at that point," he conceded. "I'm not an unknown anymore."

Algieri's promoter, Joe DeGuardia, is frustrated with his fighter, however, telling the New York Daily News that Top Rank Promotions may withdraw their offer if the boxer continues to take his time in making his decision.

"It's the opportunity of a lifetime. I need to know his answer. It's been a week," said DeGuardia. "No one has told me anything about needing more money."

"Hopefully, he comes to his senses, but if I don't hear anything, we'll likely lose the offer," he warned.

DeGuardia stressed that the Pacquiao deal is a "no brainer," but theorized that Algieri may be receiving advice from misguided people.

"I know what a deal is worth and this is a good deal. I think he's getting advice from people who aren't in the business, and they're not giving him good advice," he said. "This deal is a no-brainer. I have to think he's going to come to his sense eventually."

Algieri acknowledged to News Day that "there's always a chance to lose opportunities," but insisted that he wants to be sure he will make the right decision.

"I had the Ruslan opportunity, and it worked out. But you've got to make the right moves. That turned out to be the right move. A lot of people thought it was a bad move, until that night," he said.

If it pushes through, the Pacquiao-Algieri fight will be held on November 22 in Macau.