Recent Media reports have Floyd Mayweather not only opting to pass up a ludicrous pay day of 8 million to face Antonio Margarito, but it has also been reported that Mayweather paid an additional $750k to get out of a contract with
Promoter Bob Arum. Arum was working on setting up Mayweather vs Margarito. So Basically one can come to the conclusion that Mayweather gave up a whopping $8.75 million not to face Margarito.
So why not Margarito? If he isn't a challenge... why should anyone give up $8.75 million not to take on an easy challenge and pick up an easy pay day?
On the subject that Mayweather is running scared from Margarito, Leonard Ellerbe, (Mayweather's chief advisor) tells Franklin McNeil of Star-Ledger: "I've heard that ... and obviously it's the most ridiculous comment that one can make. First and foremost, Floyd's been in about 16 world championship fights. Margarito, from last I checked, has four losses. He's never fought an elite fighter. I repeat, he's never fought an elite fighter.
Ellebre further added: "Floyd is the best fighter in the world. He's fought top-level competition throughout his career. He's never ducked or dodged anyone. And last I checked, Floyd's undefeated. But Margarito's a good fighter. He's not a bum. His name's in the hat, no higher than anybody else's. The fact that his name is in the mix should prove we're not ducking him."
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