No matter who wins the richest boxing match in history on May 2, Manny Pacquiao will receive part of his pay the next business day from his promoter, Bob Arum. “On Monday morning, I will hand Manny a check for $50 million as a down payment, guaranteed,” Arum said.
It is a bit more complicated than that — it is a wire transfer, actually, and 30 percent of it will be shaved off for the Internal Revenue Service, Arum said. But the bottom line is that the long-anticipated championship welterweight match between Pacquiao and Floyd Mayweather Jr.. will earn hundreds of millions of dollars, mostly for the fighters. Mayweather will receive a substantial portion of his earnings immediately after the fight, said Leonard Ellerbe, chief executive of Mayweather Promotions. He would not disclose how much.
“I will tell you this,” Ellerbe said. “Floyd Mayweather’s check will be a lot more than $50 million. And then it goes from there.”