Team Pacquiao Offered Mayweather $50 Million, Plus Winner Takes 55-45 Split On PPV
by Scott Christ on Feb 1, 2012 7:50 PM EST
in Boxing News Analysis
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Michael Koncz, the Team Pacquiao adviser and manager who has been negotiating with Floyd Mayweather Jr in recent times trying to set up the biggest fight in boxing, has taken some issue with some of the things Floyd Mayweather Jr said after he named Miguel Cotto his next opponent for May 5.
Here's what Mayweather said earlier about Manny Pacquiao, and why the fight isn't happening next:
"Pacquiao is blowing a lot of smoke up everybody's ass. He doesn’t really want to fight. I tried to get him to step up to the plate. We're talking about a $10 million dollar fighter that I tried to give $40 million dollars to, and we didn't even talk about the backend. Everything that everybody is hearing is a bunch of lies. I got proof."
Mayweather did indeed offer Pacquiao a $40 million flat fee, and Koncz doesn't dispute that. Most read it as basically a 70-30 split for Floyd, after he said he wouldn't do 50-50.
Bob Arum returned with a grandstanding $45 million flat fee offer to Mayweather.
Here's what Koncz said to RingTV.com about what was offered:
"There was no discussion of the back end. However, our counter offer to Floyd Mayweather was a $50 million guarantee, plus the overage on the pay per view would be split 45 percent to 55 percent, with the winner getting 55 percent. ... I wish Floyd luck on his fight with Cotto, and he has my number. The lines are always open to discuss with Manny and me, the possibility of fighting in November under fair and reasonable terms."
These "winner takes the lion's share" or "winner take all" or "winner by knockout gets 60-40" things might work for something as crappy as Hopkins vs Jones II, but it's not going to happen for a legitimately big business fight like this one. There's way too much at stake.
The reality is, this fight will get done when it's 50-50 and everyone's happy with their guarantee, and not a moment sooner. The only other way it happens is when they're both old and it doesn't matter anymore.
In short, I think Mayweather is asking too much considering he has a legitimate dance partner to attract money to this fight, and I think Top Rank and Pacquiao moved the goal posts a couple times, too. Fight's not happening now, probably not happening in November either. Nobody wants to take the gamble the other side is asking them to take.
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Interesting set up. I like the idea and I think it’s attractive to non-boxing fans a bit too. It definitely puts the ball in Mayweather’s court, because he’s either getting 55 which is more than half, and it’s Mayweather, he definitely thinks he’s getting that 55%. So backing down kind of makes him look weak, does he not think he’s going to win?
A firestorm to purify.
On the other hand
This is Michael Koncz speaking. I wouldn’t trust him to walk my dog. Dude has a habit of, to paraphrase securities parlance, omitting material information that make the statements made otherwise misleading.
Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."
Confirmed
From the president of the company.
Koncz was sent in to offer 45/45 with the other 10% to the wiinner.
Floyd refused.
Bottom line is that at NO time during this past month did he ever agree to 50/50; meaning he never really wanted this fight.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
So Arums million excuses showed he wanted the fight?
yeaaah.
Also Koncz isn’t someone trust worthy.
I mean this guy went down to Mayweathers gym for a photo op to try to manipulate Manny into thinking there were negotiations.
I think boxing fans in general has learned not to swallow everything Arum gives us.
And yes Koncz works for Arum.
by Mohammedini Hussein on Feb 1, 2012 10:19 PM EST up reply actions
Do you swallow everything Mayweather gives you?
That sounded like a gay joke but I promise it wasn’t. It’s a legitimate question.
Bad Left Hook
"The internet has undermined professionalism in journalism, which is a good thing." - Bill James
by Scott Christ on Feb 1, 2012 11:18 PM EST up reply actions
Even if one doesn’t intend to, the gay jokes just end up flying around this topic. Another toxic repercussion.
On a side note, this offer sounded really entertaining, if only as a hypothetical; I have no faith that Manny’s camp put it out there, although I can see Mayweather’s rejecting it in about 30 seconds flat.
Well sorry if I sound like a Arum hater cus I am
The guy is a sleaze ball.
by Mohammedini Hussein on Feb 2, 2012 6:08 AM EST up reply actions
A fair enough answer, really.
Bad Left Hook
"The internet has undermined professionalism in journalism, which is a good thing." - Bill James
English is my 3rd language.
give me a break ;)
by Mohammedini Hussein on Feb 2, 2012 6:11 AM EST up reply actions
I noticed I sound very aggressive when I write in English hahaha
But really I’m trying not to be. ^^
I sound harsh and blunt but I do not in any way mean it.
Sorry for my sometimes bad grammar.
by Mohammedini Hussein on Feb 2, 2012 6:15 AM EST up reply actions
And you swallow what you read on twitter from Floyd
God Bless You Muhammed
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
what did he say on his twitter?
I do follow the guy on there but I’m never on ;).
But I asked you a question…..
Do you honestly think Arum wants this fight?
by Mohammedini Hussein on Feb 2, 2012 6:10 AM EST up reply actions
Who could Koncz make this offer to, and how could the president of Top Rank confirm that it was made? After all, just yesterday Arum was still complaining about having no idea who to contact. It’s a bloody miracle Cotto was able to get this fight given all the utter confusion over who represents Floyd
To Floyd
We know that Koncz spoke to Mayweather and his camp. more than once. When Floyd called the Philipines, he cdid not call Manny. He called Koncz. It was Koncz who put Manny on the phone. Those are facts.
What Arum said was true. Floyd told duBoef that only he and Todd could make the fight but NOT once did he have Ellerbe, Haymon and or anyone else reach out with his authority to make the fight.
What he did say (laughingly) was that he ’wanted to buy out" Manny and TR and give them 40 million flat. As if….
What he never said is what he had agreed to in the negotiations that took place two years ago; that he would fight witha 50/50 split
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
To be fair, two years ago is two years ago. All kinds of stuff has changed since then, most of it not for the better. I still feel like two years ago we got closer than we ever will again.
Bad Left Hook
"The internet has undermined professionalism in journalism, which is a good thing." - Bill James
Then it was 50/50
But testing was the issue.
Now it is no longer 50/50 according to Floyd.
Testing issue is settled.
We are further away than ever.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
One thing that has changed
Is MP’s value. It has gone up. And up.
Thus making Floyd’s offer no offer at all.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Sorry, but this woud be a bit more believable if Arum ever once provided the slightest bit of context for this claim. Instead it sounds like nothing than more than further insincere bullshit a la the cut and the stadium.
Also:
Bottom line is that at NO time during this past month did he ever agree to 50/50; meaning he never really wanted this fight.
No one from Pacquiao’s camp ever indicated that they were willing and able to fight on the date that Mayweather was legally obligated to, something that can just as easily be interpreted as their never wanting the fight either.
Floyd represents Floyd BTW
No one else.
At the moment, Cotto represents Cotto.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Exactly,
Doesn’t this prove a bit that Bub Arom was blocking the fight all along.
PAkinpower, You are a smart guy and I watch every Pac fight.
I enjoy watching the guy.
If I come off as a hater sometimes I apologize.
You have to udnerstan when I blame Arum i don’t throw PAc under the bus in any way.
We all have had horrible bosses.
His is a vindictive, compulsive liar, sociopathic control freak.
He is taking Pac to the cleaners it isn’t right bro.
PAc deserves better than that.
That’s why HE should go free agent with the last fight on his contract and go 50/50.
Right now the only one that would get the 50/50 is TR, not Pac
by Mohammedini Hussein on Feb 2, 2012 6:39 AM EST up reply actions
Mohammedini
If I believed that, I would say so. What I say however, is what I see.
I have been with the young executives that are spearheading the Pacquaio promotion at Top Rank, Todd duBoef and Lucia McKelvey. They are busting their asses and in doing so, making him an international star and an incredibly valuable brand beyond boxing.
Manny has made a fortune under their guidance and he continues to. Anyone who thinks otherwise is fooling themselves. Or wishful thinking. Or a hater. That, more than anything else, is why he is loyal.
When his contract is over and if he is still fighting, I would expect him to do whatever he pleases. My guess is that he only intends to fight a few more times and more than likely under contract.
Arum is old and he does things that drive his team crazy. It’s just who he is and how he believes one should ‘promote’. Needless to say, he has an impressive track record and he is running the top promotional company in boxing….so I do not expect him to change.
BTW, I appreciate the conversation. I know how passionate you are and I know you know boxing.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Weird stuff happens in boxing
Having $10 million or more due to the winner opens up the possibility of fraud. Why not try to bribe the judges or ref or doctor if there is a huge sum of money on the line.
Also what happens in strange situations. What if an injury forces one fighter to quit, does the other fighter still get the bonus? What if the doctor advises the ref to stop the fight but the ref ignores the advice repeatedly? There are a ton of scenarios that would destroy this type of contract, especially when so much money is on the line.
"The bell that tolls for all in boxing belongs to a cash register."
-Bob Verdi
"The only other way it happens is when they're both old and it doesn't matter anymore"
We are close now. Very close.
Wear something sexy to my funeral.
I don't think we ever see this fight
If Cotto wins (which he won’t) Floyd gets a re-match after serving his time. So in that case, it’s minimum a year out.
If….I mean when he gets a payday as big as the one he and Cotto will make given Cotto’s newly burnished name….he will be beyond difficult to deal with. He will, no matter how the two fights fare (Mayweather/Cotto and Pacquiao/Bradley) claiim that he brought in the money and thus be impossible to deal with going forward.
Frankly, I don’t give a shit if they fight each other at this point. Bring on Bradley, Peterson, Rios and Gamboa and the rest of the young bloods.
"Silence is golden when you can't think of a good answer"
---- Muhammed Ali
Both offers were stupid
40 million flat fee = stupid
Winner takes additional 10% = stupid.
"Boxing is like dealing with a ho"
-Bernard Hopkins
If TR was serious about this offer, then they should have no trouble giving Floyd more than 50%. According to the current odds, Mayweather has a 55% shot at victory. Already TR has to be prepared to likely lose this gamble because oddsmakers are usually pretty solid at this sort of thing.
"The bell that tolls for all in boxing belongs to a cash register."
-Bob Verdi
Oddsmakers don’t pick fights, they pick how the house will make the most money.
Bad Left Hook
"The internet has undermined professionalism in journalism, which is a good thing." - Bill James
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