I never saw the contract that Manny Pacquiao signed to fight Marco Antonio Barrera but the newly-crowned consensus world featherweight boxing champion?s business manager Rod Nazario said there?s a provision for a return bout in case the Filipino won.
Barrera insisted on the clause in case of a Pacquiao upset and offered a $700,000 purse to make it palatable. Nazario didn?t hesitate to sign on the dotted line. A victory for Pacquiao meant a two-fight guarantee of $1,050,000 ? a king?s ransom in local currency. That comes to at least P57.7 Million.
So what?s Manny?s share of the pie? First, you take out 30 percent for taxes. Then, you deduct 10 percent of gross for trainer Freddie Roach?s services. You remove another five percent for Filipino trainers Lito Mondejar and Buboy Fernandez. From what remains after training expenses, you set aside 30 percent for registered manager Marty Elorde and 10 percent for Nazario. If you work out the numbers, Pacquiao will be lucky to take home $100,000 of the $350,000 paycheck from the Barrera fight.
