Manny Pacquiao is extending his contract with Top Rank through 2014 with a $1 million bonus. The extension has been confirmed by Bob Arum on Oct. 12, and limited details have been revealed to the public. The move has sparked a new set of rumors that the contract includes a promise for Manny Pacquiao to face Floyd Mayweather Jr. in 2013, but this has not been corroborated by either side.
Manny Pacquiao's Contract
Before Manny Pacquiao's contract extension was acknowledged, there was no speculation about him leaving Top Rank. Pacquiao has stayed with the same promoter since 2006. Despite reports that his previous contract was on the verge of expiration, he was not linked to any other promoters and the final deal was as simple as a "few phone calls back and forth." The new contract extension is set to last through 2014 and includes a $1 million bonus.
Contracts tend to spawn rumors, and Pacquiao's deal is not an exception. A story originally reported by FightHype.com has been circulating among fans and implies that Manny Pacquiao's contract includes a provision that guarantees a fight with Floyd Mayweather Jr. in 2013. A meeting between 50 Cent, Tommy Smalls and Manny Pacquiao at a press conference is cited as proof that a deal was made. However, the notion that Top Rank could guarantee the fight is absurd and has not been corroborated.
The contract may not include any fight promises, but Bob Arum has confirmed that Manny Pacquiao could receive an extra $1 million bonus for two fights in 2014. As the likelihood of a Pacquiao vs. Mayweather bout continues to be uncertain, Manny may actually face either Brandon "Bam Bam" Rios or Mike Alvarado next year.
After his Dec. 2012 fight with Juan Manuel Marquez, Manny Pacquiao may not fight again until April 2013 because his political career continues to be a distraction. Pacquiao is reported to be concerned about the May 2013 elections in the Philippines, so he is not likely to agree to a May fight. He is currently delaying his training for the bout with Marquez because of politics.
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Lana started following boxing before Manny Pacquiao began his professional career. Follow @Lana_Bandoim on Twitter.
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