The apparent reason why Top Rank offered WBO junior welterweight champion Chris Algieri $1.5 million to fight eight-division title holder Manny Pacquiao on Nov 22 at Macau is because the 30-year-old boxer's guaranteed purse is considerably lesser than what Mexican boxer Juan Manuel Marquez is reportedly asking.
Sweet Science.com claimed that Marquez is asking for a $20 million guaranteed purse, but Freddie Roach, the coach of Pacquiao, found the amount too large and believes that a more reasonable amount is $10 million for a fourth rematch.
But Top Rank Promotions boss Arum debunked the report, saying that El Dinamita hasn't mentioned any amount involved because their New York meeting over the weekend didn't push through because of a death in Marquez's family.
"Ihaven't talked at all with Marquez. That's just made up nonsense and they're negotiating on the Internet," Arum said.
Kdramastars.com also said Roach had accused Marquez of using steroids in his previous fights, linking his higher asking price to medical expenses.
Algieri, in turn, also found the $1.5 million offer too low - even if his previous bout against Ruslan Provodnikov had a guaranteed purse of only $100,000 - which explains why Pacquiao's camp gave him a deadline to reply or risk losing the 7-digit offer.