Mayweather-Pacquiao contract yet to be signed ahead of May 2 fight

By 5:24 PM

Floyd Mayweather and Manny Pacquiao's May 2 fight is being touted as the most anticipated bout of the century, but there's a major caveat that needs to be resolved.
Mayweather and Pacquiao haven't signed a contract with the fight less than two weeks away, according to ESPN's Darren Rovell.
"We agreed that we would all be signatories on the final contract and then they sent us a draft of the agreement and it excluded us," legendary promoter Bob Arum said to Rovell. Arum is representing Pacquiao.
Arum said the contract wasn't what his party agreed to at an earlier date with Mayweather Promotions, when both fighters' camps signed a term sheet.
"They don't want us to have any say," Arum said. "So whether they came up with the deal between Mayweather and MGM before or after our agreement, they've committed fraud either way. That's what we're enmeshed in."
Leonard Ellerbe, CEO of Mayweather Promotions, predictably offered his dissenting opinion.
"The bottom line is that Bob isn't willing to live with the agreement signed a couple months ago, which doesn't allow him to be in control," Ellerbe said. "The only conspiracy, in my opinion, exists with him trying to conspire with his lawyers to change the terms of the agreement. I assure you that nothing underhanded is going on and the reference to this back alley stuff is ridiculous."
Ostensibly due to a lack of an agreement, tickets have yet to go on sale officially for the fight. With the brawl rapidly approaching, both parties are confident that it will still go as originally planned.
"MGM is licensed by the gaming commission," Arum said. "They can't do this type of subterfuge and keep their license. If they don't do anything, the governor will step in and make this fight happen."
"Despite all of this, I'm confident the world will get to see the fight they've been waiting for," Ellerbe added.
With the boxing community largely anchoring their hopes to the success of the fight, it would be a shame if it was undermined due to a lack of contractual harmony.

News from  http://www.thescore.com

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