Pacquiao vs Marquez III: Contract Details for the Mexican Star While Team Pacquiao Negotiates

All that remains is for Manny Pacquiao to sign the contract, and he'll face Juan Manuel Marquez on November 12. (Photo by Jeff Gross/Getty Images)

Michael Koncz tells Lem Satterfield that the fight for November 12 between Manny Pacquiao and Juan Manuel Marquez isn't done, so hey don't get too excited, everyone! Here's what Koncz says:

"I'll sit down with Bob Arum over the next few days and discuss the details, and then go to Manny, and then Manny will give me the marching orders. It's very simple.  I'll sit down with Bob, discuss the purse, and so forth, and then I'll present it to Manny when I get to the Philippines on Sunday. But we're in no rush," Koncz told BoxingScene.com.

Here's what that really means: This fight is done, but Manny hasn't officially signed yet. He's going to sign. This fight is going to happen on November 12 at the MGM Grand. This, "Not so fast, my friend!" type stuff is not going to matter as soon as Manny signs, which could be tomorrow or Friday or next week. The only real obstacle here was making an offer Golden Boy couldn't match, and that has been done.

As for the Marquez contract, here's what Lem Satterfield is reporting:

  • $5 million guarantee;
  • $5 per buy over 850,000 pay-per-view buys, so if this fight did, say, 1.2 million buys, add on another $1.75 million for Marquez;
  • 144 pound catchweight
  • $10 million guarantee for a fourth fight, should Marquez beat Pacquiao.

All in all, quite a deal for Marquez, and will be the richest fight of his career.

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