Floyd Mayweather Live Stream has formally rejected Manny Pacquiao's offer of a $5 million penalty clause should either fighter fail a drug test before or after their May 2 mega-fight, Pacquiao's advisor, Michael Koncz, told USA TODAY Sports on Thursday.
Pacquiao, according to Koncz, had suggested a contractual agreement that would force either the Filipino star or Mayweather, the world's top pound-for-pound boxer, to pay the other man in the event of a positive test. "It was very simple," Koncz said by telephone. "If Manny failed a test, he would have to pay $5 million. If Floyd failed, he would have to pay $5 million." Mayweather, Pacquiao promise fight for the ages, The deal was sent to Mayweather's legal representatives but did not form part of the official term sheet for the bout, which stipulated full drug testing, to be carried out by the United States Anti-Doping Agency (USADA). Koncz said that Pacquiao's attorney, David Marroso, received notice that the arrangement had been rejected from Mayweather's representative, Jeremiah Reynolds, on Thursday.
Never miss a moment! Download the new USA TODAY Sports app, Mayweather cited Pacquiao's initial refusal to undergo full drug testing as the primary reason for negotiations breaking down when a fight between the pair was discussed back in 2009. That year, Pacquiao filed a lawsuit, alleging that Mayweather had defamed him by suggesting Pacquiao had used performance-enhancing drugs. The case was settled in 2012. Mayweather's advisor Leonard Ellerbe did not respond to requests for comment from USA TODAY Sports. Reynolds, reached by telephone, said queries regarding Pacquiao's offer should be directed to Ellerbe. Pacquiao's promoter Bob Arum was quizzed about the potential $5 million agreement last week and said he understood the reason Mayweather's camp would not accept was because if either side did fail a drug test, the other camp would be able to sue for far more than $5 million. The upcoming fight is expected to be the most lucrative of all-time, and early predictions are that it could top three million pay per view sales. The purse will be split 60-40 in favor of Mayweather, who could make as much as $120 million. Arum was not immediately available for comment.Reactions from the red carpet leading up to the only joint press conference for Floyd Mayweather and Manny Pacquiao, who will fight May 2 in Las Vegas. USA TODAY Sports
SOURCE:
http://www.usatoday.com/story/sports/boxing/2015/03/19/mayweather-rejects-5m-penalty-clause-for-failed-drug-test/25058577/
Never miss a moment! Download the new USA TODAY Sports app, Mayweather cited Pacquiao's initial refusal to undergo full drug testing as the primary reason for negotiations breaking down when a fight between the pair was discussed back in 2009. That year, Pacquiao filed a lawsuit, alleging that Mayweather had defamed him by suggesting Pacquiao had used performance-enhancing drugs. The case was settled in 2012. Mayweather's advisor Leonard Ellerbe did not respond to requests for comment from USA TODAY Sports. Reynolds, reached by telephone, said queries regarding Pacquiao's offer should be directed to Ellerbe. Pacquiao's promoter Bob Arum was quizzed about the potential $5 million agreement last week and said he understood the reason Mayweather's camp would not accept was because if either side did fail a drug test, the other camp would be able to sue for far more than $5 million. The upcoming fight is expected to be the most lucrative of all-time, and early predictions are that it could top three million pay per view sales. The purse will be split 60-40 in favor of Mayweather, who could make as much as $120 million. Arum was not immediately available for comment.Reactions from the red carpet leading up to the only joint press conference for Floyd Mayweather and Manny Pacquiao, who will fight May 2 in Las Vegas. USA TODAY Sports
SOURCE:
http://www.usatoday.com/story/sports/boxing/2015/03/19/mayweather-rejects-5m-penalty-clause-for-failed-drug-test/25058577/