Two of boxing's best reach agreement for nontitle bout in November at MGMIn the past, Bob Arum spent countless hours trying to get Manny Pacquiao to agree to a contract for a fight.
Not this time.
The Top Rank chairman announced Monday that everything is set for Pacquiao, considered boxing's best pound-for-pound fighter, to face WBO welterweight champion Miguel Cotto on Nov. 14 at the MGM Grand Garden. The nontitle fight, scheduled for 12 rounds, will be contested at a catch weight of 145 pounds.
"I went directly to Manny this time," Arum said. "I was able to take my time and not rush anything, and when I made the offer to Manny, he said it was a fair offer and he accepted it."
Arum would not reveal how much each fighter will make. He said Pacquiao will receive the larger percentage of the purse. He also will receive a larger percentage from the pay-per-view sales. HBO will televise the fight.
Arum, who also promotes Cotto, said not having to deal with another promoter reduced the number of potential hassles during negotiations.
"It was easy because both fighters fight for me," he said. "The last couple of fights for Manny, I was dealing with another promoter (Golden Boy), and there are a lot of points to negotiate. But for this fight, I knew there was not going to be any of that. The only thing that was an issue was the size of the guarantee. But I was patient because I knew we would eventually have a deal."
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