Arum: Pacquiao agrees to terms vs Mayweather

LAS VEGAS – Manny Pacquiao is set to meet Top Rank boss Bob Arum in Los Angeles Thursday to formally sign the terms on his proposed fight with Floyd Mayweather in May at the MGM Grand in Las Vegas.

Arum said Pacquiao has agreed to all conditions for what would be boxing’s richest fight ever, a bout with Mayweather that fans have been demanding for five years.

But the question now is whether the long-reluctant Mayweather will finally sign on the dotted line for what could be an astonishing $120 million payday for the fighter who flaunts his money better than anyone.

“Your guess is as good as mine,” Arum told The Associated Press. “I don’t want to be antagonistic and say he’s not on board and not going to sign. The representation is that he is on board with this.”

Pacquiao flew to Los Angeles Wednesday, preparing for a meeting with contestants of the Miss Universe pageant where he will serve as one of the judges. But whether he has an even bigger date on May 2 seems entirely up to Mayweather.

Arum said negotiations with Mayweather’s representatives over the past few weeks resulted in agreements on everything from the date and site of the fight (MGM Grand in Las Vegas) to purse split (reportedly 60-40 in Mayweather’s favor) to the type of gloves the boxers will wear. – With AP report