REIGNING World Boxing Organization (WBO) welterweight champion Manny Pacquiao will get a guaranteed $25 million purse in his upcoming title defense against Chris Algieri on November 22 at the Cotai Arena in Venetian Hotel in Macau, China.
“It’s the usual pay of $25 million US dollars. It’s not below the $20 million mark, I’m sure,” Pacquiao’s business manager Eric Pineda told The Manila Times on Wednesday. “The Top Rank Promotion has guaranteed that purse already. Manny is ready to fight in November and he’s excited about the preparation.”
The amount doesn’t include yet the fight’s pay-per-view revenue.
Pacquiao, 35, with a fight record of 56-5-2 win-loss-draw with 38 knockouts), predicted that he could score a knockout victory against the WBO junior welterweight champ Algieri. The Filipino ring icon’s last knockout win was against Puerto Rican Miguel Cotto in 2009. His most recent triumphs were mostly through unanimous or majority decisions.
“I really smell a knockout victory this time. It’s been a long, long time since I scored a knockout victory,” Pacquiao told reporters during a press conference sponsored by Rexonna at the White Space gym in Makati City.
Pacquiao also said that his chief trainer Freddie Roach would come in early September to preside over his training in Manila and General Santos.
“Algieri is tough but I’m really determined to knock him out this time but let’s see,” he said. “When Roach arrives here, it will be a more serious training. I’m really excited about this fight.”
The relatively unknown 30-year-old Algieri (20-0 with eight knockouts) is expected to receive $1.5 million for fighting Pacquiao—the highest pay he would receive in his entire career as professional boxer.
In his rematch with Timothy Bradley, Pacquiao got $20 million while the American was paid $6 million.