Manny Pacquiao In Talk for 2-year, $75M Extension with Top-Rank

Manny Pacquiao is reportedly in negotiation with Top-Rank promotions for a five-fight deal that would take him through 2016 – the year the Filipino boxing champ is expected to retire.

Dan Rafael of ESPN UK reported that the eight-division world champion is indeed in talks with Top-Rank head honcho Bob Arum about coming up with a possible contract extension.

Apr 12, 2014; Las Vegas, NV, USA; Manny Pacquiao celebrates his victory over Timothy Bradley (not pictured) after their WBO World Welterweight Title bout at MGM Grand Garden Arena. Pacquiao won via unanimous decision. Mandatory Credit: Joe Camporeale-USA TODAY Sports

“Yes, we are talking about the extension,” Arum told ESPN. “We are working it out. We are talking about a lot of things. How many fights would be in Macau, how many would be in the United States, how many in other places. But we are talking about five fights.”

Pacquiao, who has become a global sporting icon and earned millions of dollars under Arum’s promotion, could earn $75 million with a potential two-year new deal with Top-Rank, according to Karceno of Boxing Socialist.

Michael Koncz already confirmed the ongoing negotiation between Pacquiao and Arum but insisted they are going to explore other options, incase both parties failed to work out a new deal.