By Jeff Newman: Bob Arum of Top Rank is hoping that the negotiations for the Manny Pacquiao vs. Floyd Mayweather Jr are completed by the end of the week. The 83-year-old Arum was pleased to see the negotiations between the two fighters take a positive turn with Mayweather and Pacquiao meeting each other accidentally at Tuesday’s Miami Heat vs. Milwaukee Bucks game in Miami, Florida.
Mayweather and Pacquiao talked with each other during the game, and then met afterwards at Pacquiao’s hotel room in Miami.
“I think everything is positive and hopefully if everything keeps going well we’ll get it wrapped up by the end of the week,” said Arum to Philboxing.com. “I cannot assure you that it’s going to happen but certainly with this development in Miami and from what I know about the finalization of papers and everything I have to be optimistic.”
Arum is lucky that Mayweather and Pacquiao met up with each other this week, because it was looking like the fight wasn’t going to happen until their meeting on Tuesday. In this case, Arum really didn’t have to do anything because the two fighters worked out their issues together.
The Mayweather-Pacquiao fifth will be taking place on May 2nd at the MGM Grand in Las Vegas, Nevada. The fight will be a joint telecast on HBO and Showtime. Arum is saying that HBO and Showtime “were solved two weeks ago,” which is news for everyone because there’s been talk that the negotiations are ongoing.
Arum said, “do I know for sure – no. But I’m an optimist.”
If the contracts get signed, this will be the biggest fight of Pacquiao’s career by far. The Pacquiao-Mayweather fight could bring in as much as 3 million pay-per-view buys. It’s expected to be a huge right, and Pacquiao could make as much as $80 million for the fight. Mayweather could rake in $120 million. That would top the $80 million Mayweather made for his fight against Saul “Canelo” Alvarez in 2013.