Algieri wins the Pacquiao sweepstakes
- Updated: July 19, 2014
Just a month ago, Chris Algieri was relatively unknown to a lot of boxing fans. That all changed on June 14 when he overcame two knockdowns and dethroned Ruslan Provodnikov to capture the WBO light welterweight title.
Now, Algieri is in for the biggest payday of his career as he is set to take one of the few pay-per-view stars in the sport in Manny Pacquiao.
“I have to talk to my lawyer, Dan Pancheri, who will spit out the contracts first thing (Wednesday) morning so they can have a copy of it in the afternoon,” Top Rank promoter Bob Arum told ESPN. “We have a deal. On my end, it wasn’t a hard deal at all. I came up pretty much with what they were looking for and then Joe and Artie had to sit down with Algieri and cut it up fairly amongst themselves.”
The fight is set for Nov. 22 in Macau, China at the Cotai Arena at the Venetian. The exact figures were not given as to what Algieri’s payday will be, but his promoter Joe DeGuardia says it will be over $1 million.
“He’s very happy. He’s happy for the opportunity,” DeGuardia said. “I’m ecstatic we’ve been able to give him this. It’s a great feeling. You work hard you develop him up the ranks. He fought off TV for a long time, he got on TV and now this. It’s really rewarding to see him get this opportunity and a payday that will change his life.
Algieri (20-0, 8 KO) isn’t a power puncher to begin with and moving up to welterweight won’t help his cause. However, Algieri has not gotten to this point in his career by knocking people out. He is a master of his craft when it comes to boxing, a fighter who looks to counter punch often, but that doesn’t make him a runner. The guy threw nearly 1000 punches against Provodnikov, and while none of those punches really presented any danger, they did seem to frustrate the Russian and stop him in his tracks for a majority of the fight.
“I think it’s an interesting fight between him and Manny,” Arum said. “I’m excited. This is a college-educated kid, a good boxer, the kind of kid who will draw interest other than the just the hard core boxing fan,” Arum said. “And the kid can also fight.”
Pacquiao (56-5-2, 38 KO) is coming off a victory against Timothy Bradley as he was able to avenge the controversial decision from 2012 and recapture his WBO welterweight title.