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Team Pacquiao Offered Mayweather $50 Million, Plus Winner Takes 55-45 Split On PPV

Floyd Mayweather was supposedly offered a big deal from Top Rank, but he's moved on to a fight with Miguel Cotto. (Photo by Jeff Bottari/Getty Images)
Floyd Mayweather was supposedly offered a big deal from Top Rank, but he's moved on to a fight with Miguel Cotto. (Photo by Jeff Bottari/Getty Images)
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Scott Christ is the managing editor of Bad Left Hook and has been covering boxing for SB Nation since 2006.

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 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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