I don't buy it. Here's what another source (BOXINGTALK : PACQUIAO SAYS HE'LL FIGHT MAYWEATHER IN LATE MAY) says:
UPDATE: According to an unattributed report published by the reliable Sydney Morning Herald, Manny Pacquiao, with promoter Bob Arum at his side, said at a press conference today in the Philippines that he WOULD fight Floyd Mayweather before Mayweather reports to jail on June 1st, but under the following conditions: 1. the revenues be split 50/50 between Mayweather and Pacquiao (seems reasonable); 2. the fight take place in late May, not Mayweather's requested date of May 5th, because a larger outdoor arena could be built that could add $20 million in revenue into the pot. Arum expressed doubt that the offer would be accpeted by Mayweather because Arum believes Mayweather will not accept a 50/50 split unless someone guaranteed Mayweather a minimum amount (such as, for example, $30 million) so that he would not have to worry about lower-than-expected pay-per-view sales. Arum told the Philippine Star he would guarantee Pacquiao's purse, but only do so for Mayweather if Mayweather agreed to a split that was less than 50/50.
This fight will not happen.
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