Sydney, Oct 14 : Former Australian tennis player Mark Philippoussis, who is experiencing a financial crunch, could possibly earn more than 200,000 dollars from selling rights to cover his engagement and wedding ceremony with US actress Jennifer Esposito.

According to reports, negotiations were under way between Philippoussis and several magazines regarding an exclusive two-story deal, which will be given to the highest bidder.

The deal would have one story on the couple''s engagement and the second would cover the wedding ceremony, The Daily Telegraph reports.

It is also believed that a spokeswoman for New Idea magazine was interested in the deal, while Woman''s Day magazine has been approached. (ANI)