Pacquiao Gets $25M Minimum Guaranteed Purse, Algieri Receives $1.67M For Macau Bout
For all the battering that his handsome face got, just-beaten American boxer Chris Algieri got a minimum guaranteed purse of $1.67 million for his Nov 22 bout against Manny Pacquiao.
Read: Chris Algieri's Battered Face Trends On Social Media
That would be more than double the $1 million he got for wresting the WBO junior lightweight title in July from Ruslan Provodnikov, which in turn is a 10-fold hike from his previous fight, according to Bleacher Report.
But of course, the bigger purse went to Filipino boxer Manny Pacquiao who got a minimum guaranteed purse of $25 million. That's more than 1 billion pesos when converted to Philippine currency, which means Pacquiao will remain the richest congressman in the country.
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That's a mean feat for the 35-year-old boxer who took to boxing as a way out of poverty. When he started in boxing, Pacquiao had to work as a construction worker paid probably even below the minimum wage. But living a hard life was not new to Pacquiao whose mum, Dionesia, had to sell peanuts to survive and feed her big brood from two failed relationships.
Read: Dionesian 'Hex': Pacquiao's Secret Weapon Behind His 8 Titles
The above amounts are just the minimum for the two boxers since both would still get their share of the pay-per-view buys. Fightsaga doubts the 750,000 to 900,000 estimate made by Top Rank Promotions boss Bob Arum and said it would be a surprise if the bout would generate 350,000 PPV buys.
Read: Arum Says Pacquiao's Victory vs Algieri May Cause Mayweather To Say 'No" To Dream Match
In turn, Forbes reckoned that Pacquiao's career earnings after Saturday's epic match, wherein the Filipino champ knocked out the King of New York six times, would reach $335 million, including new endorsements.
Those amounts should send the Philippine tax agency sniffing for more money it could collect from Pacquiao.