Pacquiao-Mayweather Fight Not Happening…..YET

A deadline to decide whether the much anticipated Pacquiao-Mayweather fght will take place has come and gone. 

Top Rank promoter Bob Arum, who represents Manny Pacquiao, set a 3 am EST deadline with no response from Floyd Mayweather’s camp.

So there is no deal, Arum said, and he will begin negotiating another fight for the pound-for-pound king.

The Pacquiao-Mayweather fight was being planned for November 13.

Since initial plans for a March fight fell apart after Pacquiao refused to submit to Mayweather’s demands for Olympic style drug testing, online bookmakers like Sportsbetting.com have been offering Pacquiao-Mayweather fight odds with refunds to be processed should the bout not take place by year’s end.

Sportsbetting.com was still optimistic the fight would go off.  At press time they were still taking bets with Mayweather Jr. the -160 favorite and Pacquiao promising a $130 payout potential with every $100 bet.

Arum did give Mayweather some wiggle room to still accept the deal. He said the deadline he imposed was only as it related to negotiating exclusively with the Mayweather camp.

"People have asked me does [the deadline] mean the Mayweather fight is dead," Arum said on a media conference call that began moments after the countdown clock on Top Rank's website struck zero. "Even though Mayweather hasn't responded by the deadline my answer is a simple one -- it's dead when we conclude a deal with an opponent for Manny to fight. ... And then we would look to do a fight with Floyd next year. In the interim, while this is going on, if Floyd suddenly emerged we would not be opposed to doing the fight. While these negotiations are going on [with Cotto and Margarito], if Floyd came to the table, that's the fight we want more than all others."

Tyrone Black, Gambling911.com