Mayweather, Pacquiao fight not done yet

Floyd "Money" Mayweather Jr. works out during a Labor Day themed open media workout at his boxing gym in Las Vegas as he prepares for his September 19 fight against Juan Manuel "Dinamita" Marquez at MGM Grand and televised live on HBO Pay-Per-View. Las VThe fight the world has been waiting to see in the last six years – a long-awaited summit meeting between welterweight champions Floyd Mayweather Jr. and Manny Pacquiao, – is not done, but it has cleared a major hurdle.

Pacquiao and Top Rank, his promoter, have agreed to terms for a May 2 bout, Top Ranks vice president Carl Moretti told ESPN.com on Tuesday night, although Mayweather has not yet agreed to terms and it remains to be seen if he will. “Top Rank and Manny have agreed to the terms on our side.

I don’t know about the other side,” Moretti said. Manny Pacquiao has agreed to terms for a long-awaited super-fight with Floyd Mayweather on May 2 in Las Vegas, Top Rank, Pacquiao’s promoter, told ESPN.com on Tuesday.

Nobody from Mayweather’s camp could be reached for comment. Yahoo Sports initially reported the development.

Top Rank chairman Bob Arum has been negotiating the bout for the past couple of months through Leslie Moonves, the president and CEO of CBS, which has two fights left on a six-fight contract CBS and subsidiary network Showtime signed Mayweather to in early 2013.

Moonves, according to Arum, has been acting as a go-between in trying to hammer out Mayweather’s end of the deal with adviser Al Haymon.

According to a source involved in the negotiations Pacquiao has agreed to a 40 per cent cut of the revenue, leaving Mayweather with the remaining 60 per cent of a fight most believe will shatter every boxing box office record, including the all-time pay-per-view buy record of 2.4 million (Mayweather-Oscar De La Hoya), the pay-per-view revenue record of $150 million (Mayweather-Canelo Alvarez) and the all-time gate record of $20 million (Mayweather-Alvarez).

If the fight is finalised, it would take place on May 2 at the MGM Grand Garden Arena in Las Vegas, Moretti said.

Mayweather has had his last 10 fights there as against Pacquiao’s seven.

ESPN

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