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htm) Manny Pacquiao has reportedly agreed to a lucrative extension deal with Top-Rank promotions , triggering talk on the end of potential showdown with undefeated American fighter Floyd Mayweather Jr.
According to Boxing Socialist, the Filipino fighting congressman signed a two-year, $75 million contract with Top-Rank promotions, locking him up until 2016.
The writer stressed that the contract extension was still unconfirmed, but personnel within Top-Rank and Pacquiao's circle hasn't confirmed nor deny the report.
Pacquiao's alleged contract extension with Top-Rank could a big blow for die-hard boxing fans salivating for the showdown between two of the best fighter in this generation.
Boxing News - Top-Rank head promoter Bob Arum reportedly wants rising star Mikey Garcia to move up in weight and fight eight-time division world champion Manny Pacquiao as soon as possible, a source close to situation disclosed last week.
Though it's uncertain if Pacquiao will still re-sign with Top-Rank promotions after 2014, many boxing analysts believed Pacman's showdown with the up-and-coming Garcia as a 'passing the torch bout' in the stable.
Without a doubt, Pacquiao is Top-Rank and HBO Boxing's biggest draw and his retirement without a clear-cut heir apparent to his throne on sight would be big blow to the businesses of these companies.
Filipino boxing champ Manny Pacquiao is willing to end his relationship with Top-Rank promoter Bob Arum in order to arrange a showdown with pound-for-pound king Floyd Mayweather Jr.
Pacquiao, who has been the main star of Top-Rank Promotions for almost a decade, did not have a second thought on parting ways with Arum and negotiate with Mayweather's camp as a free-agent.
Pacquiao's contract with Top-Rank promotions will expire at the end of 2014.