Monday, December 7, 2009

Penalties eyed if Floyd is overweight

Fearing that Floyd Mayweather may make a mockery of the agreed welterweight limit of 147 lbs on March 13, 2010, Manny Pacquiao’s camp is making sure the flashy American fighter is going to play by the rules.

“Our concern is that Floyd might come in at 150 lbs during the official weighin (on the eve of the fight),” said Pacquiao lawyer Franklin Gacal on Monday when asked about the measures the Filipino star is undertaking to guarantee that he doesn’t end up getting the raw end of the deal.

While Gacal acknowledges the fact that contracts have yet to be signed, a clause must be included in the contract that will penalize Mayweather in case he exceeds the agreed weight limit.

“Of course, we will not let this pass,” said Gacal, noting that a penalty of not lower than $1 million per pound will be slapped in excess of 147 lbs against Mayweather. “We will put that particular provision in the contract.”

When Mayweather fought Juan Manuel Marquez last September, he didn’t mind shelling out thousands of dollars after he could not meet the agreed weight of 144 lbs as he tipped the scales at 146.

In the end, Mayweather was forced to cough up a total of $600,000 as every pound cost him $300,000.

Hall of Fame promoter Bob Arum is now back in the US after conferring with Pacquiao last week and a meeting with Golden Boy Promotions (GBP) Chief Executive Officer Richard Schaefer is set for Monday. Schaefer has been given the authority to represent Mayweather in the negotiations.

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