Richard Schaefer, Bob Arum won't comment on status of Mayweather-Pacquiao negotiations

Richard Schaefer and Bob Arum engaged a day of negotiations this week, related to a potential Floyd Mayweather-Manny Pacquiao fight next year, but don’t expect either one to divulge much about talks that could extend for several weeks.

"The fact is that both Bob Arum and myself had to agree on a total no-comment position, so we really can not talk about the negotiations in any way, shape or form," Schaefer said Tuesday in a message to The Press. "I’m really going to have to refer to that confidentiality clause that we agreed to."

Schaefer, the CEO of Golden Boy Promotions, is representing Mayweather in talks with Arum, who promotes Pacquiao.

The two met Monday at MGM Grand, which is the leading Las Vegas contender to act as casino host for a potential Mayweather-Pacquiao blockbuster next year.