Pacquiao earns more than Tiger, LeBron
HERE’S a news that would keep the Bureau of Internal Revenue (BIR) busy in the next few days.
Reports named Manny Pacquiao as the world’s second highest paid athlete over the past year, next only to Floyd Mayweather, Jr.
The eight-division world champion reportedly amassed $62 million – $56 million from his bouts opposite Juan Manuel Marquez and Timothy Bradley and $6 million through endorsements with Nike, Hewlett-Packard, Monster Energy and Hennessy.
Mayweather, who fought Victor Ortiz and Miguel Cotto over the same period, collected $85 million from the two bouts.
He maximizes his earnings by also acting as his own fight promoter through his company Mayweather Promotions. His take home per fight is typically at least 50% higher than what Pacquiao earns.
Tiger Woods, who has been the top-earner among athletes since 2001, ranks third this year with earnings of $59.4 million.
His total earnings dropped $16 million from last year to $59.4 million and have been sliced in half since their peak in 2009. Despite his collapse in this year’s U.S. Open, Woods is playing much better on the course and his prize money doubled from the prior 12 months. But the $2 million bump in prize money does not offset the loss of sponsors like Tag Heuer and Gillette.
NBA superstar LeBron James ranks fourth overall with earnings of $53 million. James, like all NBA players, had his salary sliced 20% by the NBA lockout, but he continues to make a mint off the court from sponsors like Nike, Coca-Cola, State Farm and McDonald’s. James’ income also got a boost when he received cash as part of his marketing partnership with Fenway Sports Group last year, through which James received a stake in the soccer club Liverpool.
The earning figures include salaries, bonuses, prize money, appearance fees, as well as licensing and endorsement income for the 12 months between June 2011 and June 2012. The taxes and agents’ fees are not deducted to the figures. Noli S. Cruz