Pacquiao-Cotto bout has no rematch clause

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Pacquiao-Cotto bout has no rematch clause

Nov 12th, 2009 - Los Angeles Times

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In crafting the deal that is allowing Saturday night's Manny Pacquiao-Miguel Cotto welterweight championship bout, promoter Bob Arum provided guaranteed purses of $7.5 million to Pacquiao and $4 million to Cotto.

The contract also allowed the promoter to extend his deals with each fighter. Cotto is now under contract with Arum's Top Rank company until the end of 2011, Arum said, and Pacquiao's Top Rank deal was extended until the end of 2012.

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