LAS VEGAS – The contracts have been submitted to the Nevada State Athletic Commission so the purses are official for the Manny Pacquiao-Juan Manuel Marquez IV card on Saturday night (HBO PPV, 9 ET, $59.95) at the MGM Grand Garden Arena.
Pacquiao’s contract figure is $8,595,000, but that does not tell the full story. It was supposed to be $10 million, according to Top Rank promoter Bob Arum, but it goes down as less because Top Rank is being paid back money that it has advanced Pacquiao. But regardless of what the commission contract says, Arum told me that Pacquiao’s guarantee -- the minimum he will earn -– is $26 million. He has chance to earn much more depending on how well the pay-per-view sales are.
Marquez’s bout contract with the commission is for $3 million, but Arum said that he is guaranteed at least $6 million. Like Pacquiao, he will earn more on the upside if the pay-per-view hits certain figures.
On the undercard, Yuriorkis Gamboa is due to earn $50,000. It seems like a very low figure but it could be because he owes new promoter Curtis Jackson (aka rapper 50 Cent) money for buying out his contract from Top Rank earlier this year. So the promoter could be getting a larger chunk of the overall money being paid for the fight since Jackson laid out seven figures to buy Gamboa’s contract out. Michael Farenas, his opponent for their vacant interim junior lightweight title bout, is due to earn $70,000.
Lightweight titlist Miguel Vazquez gets $175,000 while challenger Mercito Gesta gets $50,000. Patrick Hyland will earn $75,000 while Javier Fortuna will get $60,000 for their vacant interim featherweight title bout.
Lightweight Jose Ramirez, the 2012 U.S. Olympian, will earn $4,000 for his scheduled four-round pro debut while opponent Corey Siegwarth will make $2,500.