Manny Pacquiao Camp Sets Two-Week Deadline for Floyd Mayweather

Manny Pacquiao has reached an agreement in principle to put his WBO welterweight (147 pounds) belt on the line against Floyd Mayweather, Pacquiao's adviser, Michael Koncz, told FanHouse on Wednesday night.

Koncz added that there are documents in the hands of the Mayweather camp. They include an agreement between Top Rank and Golden Boy Promotions on Mayweather's demand for a random drug testing protocol and a tentative agreement on a 50-50 split of the purse, according to's Rick Reeno.

Koncz said that Mayweather's camp has two weeks -- "whether it's July 13, or, July 15, it doesn't matter, but it's two weeks" -- to sign and return the documents indicating their acceptance of the terms.

If Mayweather does not indicate his acceptance of the terms by then, Pacquiao will begin negotiations with another opponent -- likely either Miguel Cotto or Antonio Margarito.

"I'm not going to discuss the negotiations, but so far, though, there are no issues. We're just waiting on Floyd. Floyd has to decide whether or not he's going to fight this year or next year or not at all. It's up to him ... to decide whether or not he is up to any obligation," said Bob Arum, CEO of Top Rank Promotions, which handles Pacquiao's affairs.

"We want a fight this year, and if he doesn't take the fight this year, then we'll fight somebody else. As far as I'm concerned, there is no actual deadline date, but sometime in the middle of July," said Arum. "If we haven't gotten this thing locked up and done, then we're going ahead and taking another opponent. We're not just going to sit there and blow our chances for a fight in November."


Arum said the need to complete the deal has everything to do with promoting the fight.

"We want this fight period. This is the fight we want, period. But a lot of things that you want can't happen. Everything has to fall into place, and we need the time to start publicizing the fight during the month of August," said Arum. "We've got to get the tickets on sale, commercials done, etc. We have to begin gearing up and getting ready to go by the beginning of August -- whomever Manny is going to fight."

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