That’s because out of the $2-million (P104 million) purse he earned for stopping Erik Morales in their rematch two weeks ago in Las Vegas, “PacMan” took home a net of $313,446 — “only” P16.3 million — after deductions from taxes in the United States and the fees of his management team.

The most comprehensive report, written by Thomas Hauser for secondsout.com, noted that Pacquiao had also advanced $507,897 (P26.4 million) in various expenses and loans from his managers — including the $67,639 (P3.5 million) Porsche Cayenne car he bought weeks before fighting his Mexican rival.

His trio of American co-managers received 20 percent of his purse, with Shelly Finkel receiving $240,000, Nicholas Khan $92,800 and Keith Davidson $67,200. They had earlier loaned Pacquiao a combined $60,000.

Pacquiao’s trainer Freddie Roach earned 10 percent of the purse or $200,000, $40,000 of which he also loaned to the World Boxing Council (WBC) international super featherweight champion. 

Gary Shaw, the lefty boxer’s promoter, received a total of $372,839, including a flat fee of $250,000 for his services in the Morales rematch, $52,000 in advances to Pacquiao, and the Porsche he bought for the fighter in Los Angeles.

In addition, “The People’s Champion” paid $376,666 to the U.S. Internal Revenue Service (IRS) for present and back taxes, and $200,000 for advances he made from Top Rank, the promotional outfit that arranged the rematch. American Bob Arum, Morales’ promoter, owns Top Rank.

Team Pacquiao, however, expects to receive an additional $1.25 million besides the purse money once all of the Pay-Per-View (PPV) income and additional revenue from Morales-Pacquiao II is calculated, Hauser noted.

The boxer’s co-managers will be entitled to 20 percent or $250,000 of that amount, bringing their collective share from Pacquiao’s earnings to over $600,000.

Meanwhile, Pacquiao is willing to give Morales a chance to redeem himself in September but wants to fight another opponent possibly in June or July before facing the Mexican in a rubber match.

Morales, according to the website fightnews.com, had expressed interest in a rubber match with Pacquiao possibly in September.

In response, Pacquiao, according to the same website, said: “This time I can send him into retirement.”

Appearing on television last Thursday, Pacquiao said he would welcome a third fight with Morales but added he would face another opponent, yet unnamed, before doing so.

After losing by a 10th round technical knockout to Pacquiao on Jan. 21 at the Thomas & Mack Center in Las Vegas, Morales appeared hesitant to take advantage of a rematch clause in their contract, saying he no longer wanted to fight in the 130-pound division. He apparently has had a change of heart.

Another website, ringtalk.com, reported the next ring appearance of Pacquiao would most likely be held in the Philippines.