According to ESPN 710
Both camps have agreed to fight in November. 50/50 split on the purse and some form of drug testing. Just waiting for Floyd to approve.
Mayweather-Pacquiao Talks Complete: Floyd's Nod Needed
Top Rank CEO Bob Arum informed Kevin Iole of Yahoo Sports that the negotiations to make a November bout between Floyd Mayweather Jr. and Manny Pacquiao - are complete. Arum did not specify the details but he said all of the existing issues have been resolved and that includes the two main issues - a random drug testing protocol being involved and the split of the money between both fighters.
The final proposal has been sent to Mayweather for his approval. Both sides, Top Rank and Golden Boy Promotions, will wait to see if Mayweather approves the proposal, or turns it down. If Mayweather turns it down, Arum will move forward on November 13 with a new opponent - either Antonio Margarito or Miguel Cotto.
“I think the only question is whether Mayweather is prepared to fight now,” Arum said. “He may say he’s had his fight for the year and that’s it and that we’ll address it again next year. He might say that. I don’t know. I don’t know. But that’s what I’m hypothesizing.
“The question is whether Mayweather is willing to go into the ring this year. It’s up to him. His people would love him to do it. He may not want to do it. If Mayweather wants to fight in November, I believe the fight will be made. To me it seems – it seems, and say that, because I’m not Mayweather – that the only issue is whether he wants to fight in November.”
Edited by Spooky, June 30, 2010 - 03:09 PM.