On June 29, 2007, it was announced that Top Rank and GBP agreed to settle their lawsuit, meaning the long-awaited rematch with Marco Antonio Barrera will occur despite being the #1 contender for the super featherweight title of Juan Manuel Márquez.
Since Bob Arum was out on a vacation, GBP's chief executive Richard Schaefer politely declined to discuss Pacquiao’s purse from the October 6, 2007 rematch with Marco Antonio Barrera (at the Mandalay Bay Resort Hotel and Casino in Las Vegas). However, Pacquiao was likely to get a purse of $5 million, plus possibly a share of the pay-per-view rights. Pacquiao defeated Barrera in their rematch via an easy unanimous decision. In the 11th round, Pacquiao's punch caused a deep cut under Barrera's right eye. Barrera retaliated with an illegal punch on the break that dazed Pacquiao but also caused the referee to deduct a point from Barrera. Two judges scored the bout 118-109, whereas the third scored it 115-112.
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