Days after boxing legends Floyd Mayweather and Manny Pacquiao appeared set to finalize a fight, ESPN.com reported Monday that talks are stalled.
The two camps were attempting to square away a deal for a May 2 bout at the MGM Grand in Las Vegas. Pacquiao agreed to his contract weeks ago, and reports last week indicated that Mayweather was on board, too.
According to the report, the issue is not television, even though Pacquiao is under contract with Time Warner/HBO and Mayweather is signed with CBS/Showtime.
“The thing that really concerns me is that we are running out of time for May 2,” Bob Arum, Pacquiao’s promoter, told ESPN.com. “If you want to drag this out a little longer, then move the fight to later in May — May 30 is a good date — or go in June. We agreed to go on May 2 because that is the date Mayweather is hung up on, but if we’re going to go on May 2, we need to get this done. …
“There are issues that should be solved in 10 minutes, but it’s a slow dance. We send one draft to their side and their lawyer sends back a draft with something else that’s an issue. And there doesn’t seem to be any urgency about it on their side. It’s terrible.”
Pacquiao and Mayweather reportedly met in private on Jan. 27 in Miami, and they also were seen talking at halftime of the Miami Heat-Milwaukee Bucks game that night.
HBO issued a statement Monday that read, “We are not an impediment to this fight. We stand ready to go. The principals need to agree to terms and come to a deal.”
Pacquiao, 36, is 57-5-2 with 38 knockouts. Mayweather, 37, has a 47-0 record with 26 knockouts. Attempts through the years to negotiate a showdown between the two fighters fell through.