Mayweather vs. Pacquiao: Pacman Turns Down $40 Million Guaranteed Purse

Mick Akers@@mickakersAnalyst IJanuary 26, 2012

LAS VEGAS, NV - MAY 07:  Boxer Manny Pacquiao listens to a question at a post-fight news conference after he defeated Shane Mosley by unanimous decision to retain his WBO welterweight title at the MGM Grand Garden Arena May 7, 2011 in Las Vegas, Nevada.  (Photo by Ethan Miller/Getty Images)
Ethan Miller/Getty Images

Although it would be the biggest payday in Manny Pacquiao's career, Pacman revealed that he turned down a guaranteed $40 million purse, proposed by Floyd Mayweather during their two-minute phone conversation a week-and-a-half ago according to Tempo.com.

Some may think that Pacquiao has to be crazy to turn down such a large sum of money, but the reality is a 50/50 split including pay-per-view royalties would fetch him at least $10-$20 million more for the long-awaited megafight.

Pacquiao said this of the situation:

He said he will guarantee me $40 million but I won’t have any share on the pay-per-view and other sources of revenue.

How can he leave me out of the pay-per-view when I generate more than him in pay-per-view sales?

Pacquiao said that the $40 million proposal from Mayweather was less than the guaranteed money Top Rank president and Pacquiao promoter Bob Arum promised him.

Even if Money May won't agree to an even 50/50 split, there is no way Pacquiao should budge on getting a share of the pay-per-view revenue, as the fight would be projected to break all PPV sales records.

Pacquiao feels that asking for PPV revenues is not far-fetched:

I am still praying that Mayweather gets enlightened because I believe that I am not being unreasonable.

With time running out, and with Pacquiao's plan B rematch bout with Miguel Cotto being a no-go as Cotto rejected the fight, there is still a glimmer—albeit a very small glimmer—of hope that the megafight could take place sometime in May.