7.12.09

Manny Pacquiao and Floyd Mayweather Deal

Manny Pacquiao and Floyd Mayweather Jr. have signed off on the major issues in the negotiation for a megafight on March 13, and contracts could be signed in the next few days, a person with knowledge of the discussions told The Associated Press. Top Rank promoter Bob Arum met with Pacquiao in his native Philippines on Friday and the charismatic champion agreed to terms with only minor changes, said the person, who requested anonymity because the sides agreed not to speak publicly during negotiations. Arum planned to return to the United States on Sunday and present the amended terms to Golden Boy chief executive Richard Schaefer, the person said. Schaefer is negotiating on behalf of Mayweather and his promotional company.

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