Former pound-for-pound king Manny Pacquiao has reportedly agreed to a lucrative extension deal with Top-Rank promotions, triggering talk on the end of potential showdown with undefeated American fighter Floyd Mayweather Jr.
Pacquiao, who is scheduled to fight Timothy Bradley Jr. for the WBC Welterweight Championship belt on April 12 at MGM Grand Garden in Las Vegas, Nevada, has reportedly decided to stay under Bob Arum's turf for perhaps the remainder of his boxing career.
According to Boxing Socialist, the Filipino fighting congressman signed a two-year, $75 million contract with Top-Rank promotions, locking him up until 2016.
"Unconfirmed reports say that Manny Pacquiao has signed a two-year extension on his contract with Top Rank Promotions, and the deal is worth close to 75 million dollars. This should help him with his recent tax issues, if this deal is true," Karceno of Boxing Socialist reported on Thursday.
The writer stressed that the contract extension was still unconfirmed, but personnel within Top-Rank and Pacquiao's circle hasn't confirmed nor deny the report. "I tried to confirm this report, but due to what they call snakes in the grass, they don't want to disclose information on Pacquiao deal.
In the past there have been tampering and unethical moves in trying to pursue the talents of the Philippine superstar fighter," Karceno added.
Pacquiao's alleged contract extension with Top-Rank could a big blow for die-hard boxing fans salivating for the showdown between two of the best fighter in this generation.
Pacquiao, eight division world champion, has expressed his intention to fight Mayweather Jr. on any terms, including the stipulation on breaking away from Top-Rank's stable. Mayweather, whose current contract with Showtime Boxing ends in September of 2015, have four fights left with either Amir Khan or Marcos Mandana slated to be his opponent on May 3rd at MGM Grand Garden in Las Vegas, Nevada.
"We shall wait and see if this deal is true and if it is, will this help or hinder a possible Floyd Mayweather Jr. clash," said Karceno.