SALUD: DE LA HOYA DEAL IS NOT YET LOST
By Dong Secuya
PhilBoxing.com
Thu, 14 Aug 2008
Cebu City -- Team Pacquiao member and close Pacquiao associate Rex 'Wakee' Salud told PhilBoxing.com that the De La Hoya-Pacquiao deal is not yet lost after Manny Pacquiao had issued a statement through lawyer Jeng Gacal that he was 'moving on' after their counter offer on the revenue sharing of the said fight had been rejected by the De La Hoya camp.
"I will talk to Manny and see what I can do," Said Salud who will meet Pacquiao in Manila tomorrow during a golf tournament. "This a once in a lifetime opportunity for Manny and you don't dismiss that kind of opportunity just like that."
The widely and hotly discussed De La Hoya-Pacquiao fight was in the final stages of negotiation where both camps, De La Hoya's Golden Boy Promotions and Bob Arum's Top Rank, have already hurdled two major issues of the proposed fight, the gloves to wear and weight limit, but were stalled on the revenue sharing of the fight wherein De La Hoya offered a 70-30 split in his favor but Pacquiao countered with a 60-40 sharing.
The megafight pitting America's most popular boxer who is about to retire and the current pound-for-pound king of the planet is projected to earn more than a $100 million dollars in PPV sales.
"I have been informed that Oscar De La Hoya is firm with the 70-30 revenue sharing and won't budge in to the 60-40 split we have counter-offered... the option left is to move on," Pacquiao said in a statement released today.
"Pacquiao has an adviser and lawyer, [Franklin "Jeng" Gacal] who basically is caught up in percentages. But if you go buy a car or a house or food do you pay in percentages or in money? The answer is you pay in currency not in percentages. I hope this has properly been explained to Manny," Schaefer told ESPN's Dan Rafael.
Even with the 70-30 revenue sharing, Pacquiao is projected to earn at least $15 - $20 million dollars out of this fight, four to five times more than his usual take of $3 to $5 million from his recent fights.
"Manny needs to fight three or four times in order to earn what he is projected to earn from the De La Hoya fight," Salud said. "So you need to think twice before missing that opportunity. Also money is not our only consideration here because we know that Pacquiao has a genuine chance of beating De La Hoya... and when that happens, that will be a great historical feat."
Click here to view a list of other articles written by Dong Secuya.
Recent PhilBoxing.com In-House articles:
Round 12 with Mauricio Sulaiman: It´s Fightweek Fight: Canelo vs. Crawford
By Mauricio Sulaimán, Wed, 10 Sep 2025Casimero comeback next month in Kyrgyzstan?
By Nick Giongco, Wed, 10 Sep 2025Team USA Concludes Day Six of 2025 World Boxing Championships
Wed, 10 Sep 2025Andrade, Garras rule Milo marathon in Tagum
Wed, 10 Sep 2025CROCKER-DONOVAN II: INSIDE LOOK AT FIRST FACE-OFF IN BELFAST
Wed, 10 Sep 2025Former Panamanian WBA champ Jorge Lujan hospitalized
By Gabriel F. Cordero, Wed, 10 Sep 2025Southern Sports Heroes Night on Sept. 28
By Lito delos Reyes, Wed, 10 Sep 2025ABAP feels WB’s growing pains
By Joaquin Henson, Wed, 10 Sep 2025Laurente is new Philippine super featherweight champ
By Lito delos Reyes, Wed, 10 Sep 2025THE PAST WEEK IN ACTION 8 SEPTEMBER 2025: Nunez Outpoints Diaz; Iglesias Stops Shishkin; Valdez, Conlan Register Wins in Return
By Eric Armit, Tue, 09 Sep 2025Dante Kirkman Stays Undefeated Triumphing with Dominant Unanimous Decision Win
Tue, 09 Sep 2025Dream fight for Steven Sumpter vs. Undefeated Bek Nurmaganbet This Wednesday at Fontainebleau Las Vegas during ‘Canelo vs. Crawford’ Week
Tue, 09 Sep 2025Yoseline Perez and Malachi Georges Advance to Quarterfinals with Wins on Day Five of World Boxing Championships
Tue, 09 Sep 2025GM candidate Ronald Dableo's squad rules Mayor Francisco "Isko Moreno" Domagoso Inter-Barangay Chess Team Tournament, pockets P150,000
By Marlon Bernardino, Tue, 09 Sep 2025Saggap, Manayon top Heritage Aquathlon
By Lito delos Reyes, Tue, 09 Sep 2025