A QUESTION OF MONEY
By Ronnie Nathanielsz
PhilBoxing.com
Sat, 10 May 2008
The executive director of the Nevada State Athletic Commission Keith Kizer who informed Viva Sports/Manila Standard Today some weeks ago that Manny Pacquiao?s purse for the fight against Juan Manuel Marquez was $3 million, stands by his statement.
Kizer was reacting to reports that claimed Pacquiao?s guaranteed purse was $5.5 million and that he could earn up to $2 million from pay-per-view income or a total of $7.5 million..
Even Pacquiao?s lawyer, Franklin ?Jeng? Gacal confirmed Kizer?s figure saying Pacquiao?s purse was $3 million and that he could earn an additional amount from the PPV income and other ancillary rights but the amounts would take time to determine since pay-per-view income does not flow in immediately..
It was necessary to clarify the numbers since both the US Internal Revenue Service and the Philippines Bureau of Internal Revenue may suspect that the income of Pacquiao was being understated.
However, Gacal said there was no concern since both revenue agencies have access to the documents for the fight that were properly filed in Las Vegas.
Kizer also told us as early as April 28 that ?boxers 135 pounds or less wear 8 ounce gloves and have for some time ? in a clarification of a story that claimed it was a new rule and that lightweights had previously been required to wear 10 ounce gloves and the amendment to the rule would be advantageous to Pacquiao.
Kizer explained that the Commision instituted a glove weight study on September 1, 2006 which ?did not conclude that either size gloves ? 8 pounce or 10 ounce were less safe for boxers 135 plus and 147 pounds.?
He said ?consequently the Commission decided to give boxers the choice on which size gloves to wear at those bout weights.?
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