Mexico’s Juan Manuel Marquez Wednesday officially signed a contract to fight Manny

Mexico’s Juan Manuel Marquez Wednesday officially signed a contract to fight Manny Pacquiao for a third time Nov. 12, most likely in Las Vegas, said Todd duBoef, the president of Pacquiao’s promotional company, Top Rank.

Marquez and Pacquiao fought to a 2004 draw, then battled to a split-decision won by Pacquiao in 2008. Part three of the trilogy appears destined for MGM Grand Garden Arena in Las Vegas, with Pacquiao’s World Boxing Organization welterweight belt on the line.

Marquez has lost only to the far bigger and unbeaten Floyd Mayweather Jr. since his narrow Pacquiao loss, ascending to become world lightweight champion and insisting his style will give Pacquiao fits.

Marquez will receive a guaranteed $5 million, plus an unspecified “upside” of pay-per-view sales. Pacquiao’s U.S. business advisor met with Top Rank Chairman Bob Arum Tuesday, and the Filipino star boxer will likely sign his deal — likely to be in the $20-million guaranteed neighborhood — later this month in the Philippines.

via LA Times