Margarito to make $3-5 million for Pacquiao bout, says Arum

By Boxing News - 10/21/2010 - Comments

Image: Margarito to make $3-5 million for Pacquiao bout, says ArumBy Jason Kim: Despite his hand wrap scandal and his poor showing in his last two fights, former IBF/WBA/WBO welterweight champion Antonio Margarito (38-6, 27 KO’s) is going to make out like a fat rat in his next fight against Manny Pacquiao (51-3-2, 38 KO’s) on November 13th at the Cowboys Stadium, in Arlington, Texas. Top Rank promoter Bob Arum says Margarito stands to make between $3 million to as much as $6 million for the Pacquiao fight, according to boxing news from aba-cbnnews.com. Arum says “He [Margarito] is guaranteed $3 million and he has an upside on the pay-per-view. So if everything goes the way I think it would go, he should make approximately between five to six million.”

Those are incredible numbers for a fighter like Margarito who hasn’t looked good in two years, and who just finished going through a lot of problems getting his boxing license back. What it shows you is that it pays off to be part of Top Rank right now while Arum is still running things. He’s loyal to his fighters and believes in spreading the wealth around by letting them get shots at each other. It wouldn’t be such a big deal if there wasn’t someone as popular as Pacquiao in the Top Rank stable. He’s got the golden touch, and whoever Arum matches him with in the Top Rank stable, whether it be Miguel Cotto, Joshua Clottey or Margarito, they’re turned into millionaires.

After Margarito makes his bundle, Cotto is probably get another golden touch to make more money. Never mind that the rematch is pointless, there’s not too many other fighters left in the Top Rank stable for Pacquiao to be matched up against, so it means he’s going to have to fight some of them twice. After Cotto gets another shot, Julio Cesar Chavez Jr. will probably find his riches in a fight with Pacquiao. Chavez may not be the best fighter or even close to being the best fighter in the middleweight division, but he does have the name recognition due to his famous father Julio Cesar Chavez. That’s probably all that’s needed for Chavez Jr. a shot against Pacquiao and the big money.



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