Negotiations
With Pacquiao winning his bout against Oscar De La Hoya, Ricky Hatton was seen as the next opponent for Pacquiao. At mid-December, both boxers verbally agreed on a 50% split of the proceeds; however, Pacquiao changed his decision to a favorable 60%–40% split of the pay-per-view (PPV) revenues, while Hatton wanted an even 50% split. Pacquiao's promoter Bob Arum of Top Rank Boxing said on 22 January that the fight "was off", citing Pacquiao's decision not to sign the contract. Arum increased Pacquiao's guaranteed purse to US$12 million from $11 million and a 52%–48% split. Pacquiao's camp asked for "more demands and the deal fell apart", he said.
On 23 January, with long-time friend Rex "Wakee" Salud, Pacquiao signed the contract with the 52%–48% split and a $12 million purse, in favor of Pacquiao.
Read more about this topic: Ricky Hatton Vs. Manny Pacquiao
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