Pacquiao bails out of Dela Hoya negotiations
08/14/2008 | 04:41 PM
MANILA, Philippines – Manny Pacquiao has given up on the negotiations for the Oscar de la Hoya match.
Citing what promoter Bob Arum calls “an unfair split" of the prize money, Pacquiao told web site Sportsnews.ph that he has instructed his handlers to negotiate his next fight “with any possible opponent".
“It would have been an honor to fight [Oscar de la Hoya] on his last fight … but under the circumstances, the option left is to move on," Pacquiao told boxing writer Dennis Principe.
“I have already made specific instructions to my lawyer to start negotiating with Bob Arum for my next fight with any possible opponent at 135lbs."
In related news, ESPN.com said Wednesday de la Hoya refused to lower the prize-money partition from 70-30 to 60-40 which Pacquiao’s management had wanted.
“Bob told me [Wednesday] that Manny has declined to accept the terms," Golden Boy Promotions CEO Richard Schaefer told ESPN.com. “I had a nice conversation with Bob. We’ll move on and I guess Manny will move on."
“Oscar was adamant about it being 70-30 or no deal," Arum said in the same ESPN.com article. “Richard told me that and that I transmitted it to Pacquiao and his people in the Philippines. They told me that there was no deal and to look to make another fight."
Had Pacquiao accepted the 30-percent split, he could have earned his biggest payday that could’ve reached as much as $15 million.
“The question in a fighter’s mind is not how much they’re going to make, but what is a fair split," he said. “Forget the ultimate number. … The question is what is a fair split? I thought somewhere between 30 and 40 percent for Manny was fair."
Arum is said to push through with his plan to set up Pacquiao and potential lightweight-contender Humberto Soto of Mexico. – GMANews.TV
Citing what promoter Bob Arum calls “an unfair split" of the prize money, Pacquiao told web site Sportsnews.ph that he has instructed his handlers to negotiate his next fight “with any possible opponent".
“It would have been an honor to fight [Oscar de la Hoya] on his last fight … but under the circumstances, the option left is to move on," Pacquiao told boxing writer Dennis Principe.
“I have already made specific instructions to my lawyer to start negotiating with Bob Arum for my next fight with any possible opponent at 135lbs."
In related news, ESPN.com said Wednesday de la Hoya refused to lower the prize-money partition from 70-30 to 60-40 which Pacquiao’s management had wanted.
“Bob told me [Wednesday] that Manny has declined to accept the terms," Golden Boy Promotions CEO Richard Schaefer told ESPN.com. “I had a nice conversation with Bob. We’ll move on and I guess Manny will move on."
“Oscar was adamant about it being 70-30 or no deal," Arum said in the same ESPN.com article. “Richard told me that and that I transmitted it to Pacquiao and his people in the Philippines. They told me that there was no deal and to look to make another fight."
Had Pacquiao accepted the 30-percent split, he could have earned his biggest payday that could’ve reached as much as $15 million.
“The question in a fighter’s mind is not how much they’re going to make, but what is a fair split," he said. “Forget the ultimate number. … The question is what is a fair split? I thought somewhere between 30 and 40 percent for Manny was fair."
Arum is said to push through with his plan to set up Pacquiao and potential lightweight-contender Humberto Soto of Mexico. – GMANews.TV
