The 20 Highest-Earning International Athletes
Roger Federer stands atop the International 20 for the fourth straight year, but this year's list is marked by David Beckham's return to the top 5, and Manny Pacquiao's fall from it.
Not that Pacquiao did anything wrong; in fact the recent reorganization of his non-boxing deals should lead to increased endorsement earnings in the years ahead. But timing is everything in boxing, and the pride of the Phillipines fought just once in the 12 months we measured. (His two fights the previous year put him at No. 2 on the 2011 list.)
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