Wednesday August 10th, 2016

Boxer Manny Pacquiao says that he will come out of retirement to fight WBO welterweight champion Jessie Vargas on Nov. 5 in Las Vegas.

Pacquiao, 37, was elected to the Senate of the Philippines in May, but says that his salary as a politician isn’t enough to make a living.

“Boxing is my main source of income. I can’t rely on my salary as a public official,” Pacquiao said, according to Sky Sports. “I’m helping the family of my wife and my own family, as well. Many people also come to me to ask for help and I just couldn’t ignore them.”

Pacquiao’s management says there will be a promotional tour from Sept. 8–10 in Los Angeles, but no venue for the bout has been announced.

Pacquiao (58–6–2), who has won world titles in eight different weight classes, last fought in April when he earned a unanimous decision over Timothy Bradley.

The 27-year-old Vargas (27–1, 10 KOs) scored a TKO victory over Sadam Ali in March after suffering his only loss to Bradley in June 2015.

– Scooby Axson

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide - from Peter King, Tom Verducci, Lee Jenkins, Seth Davis, and more - delivered straight to you, along with up-to-the-minute news and live scores.