Pacquiao's earnings from Marquez fight seen to exceed $22M
MANILA, Philippines - Filipino boxing icon Manny Pacquiao is sure to earn $22 million from his fight with Mexico's Juan Miguel Marquez in Las Vegas on Sunday, but the amount may go up much higher depending on pay-per-view (PPV) sales, said veteran boxing analyst Ronnie Nathanielsz.
The global sports community expects the trilogy bout with Marquez to be the biggest Pacquiao fight ever, in terms of PPV sales.
In an interview on ANC's Dateline Philippines, Nathanielsz said the pound-for-pound king will get a higher amount if the PPV and other ancillary income exceeds the guaranteed purse of $22 million. But he clarified that Pacquiao will get whichever amount is higher and not the total of both.
"So if all the other rights including PPV is $30 million, Manny will get $30 million, not $22 million plus $30 million or a total of $52 million. Guaranteed means win or lose -- if the PPV does badly and income is less than $22 million -- he still gets $22 million," he explained.
Minus tax and expenses, Pacquiao will bag 50%, more or less, of his gross earnings in the fight, according to Nathanielsz. "If the total is $30 million, he get's 50%. That's $15 million which is still a lot."
Marquez, on the other hand, is guaranteed to get $5 million.
Pacquiao, meanwhile, will be taxed only once (in the US) and will get a rebate at the end of the year, according to Nathanielsz.
"The tax in the US is 30 to 35% for that kind of money. You provide the receipts at the end of the year when you file your tax and what you paid the promoters and training expenses, you will deduct that and they will refund."
Pacquiao's highest grossing fight to date was his May 2011 bout against Shane Mosley, which drew 1.3-million PPV buys.
Top Rank Promoter Bob Arum is confident the third Pacquiao-Marquez meeting will surpass that, both in terms of PPV and ticket sales.
"This fight sold out at higher prices in two weeks. Absolutely sold out. You can't get a ticket any place," Arum said.