Pacquiao camp sets deadline for Floyd

The camp of Manny Pacquiao has already set a deadline for the camp of Floyd Mayweather Jr. to seal the deal on the mega-fight boxing fans are waiting for.

According to Pacquiao’s adviser Michael Koncz, they want to closer the deal by the end of January.

Pacquiao has already gave a counter-offer and are still waiting for the American’s response.

“We're waiting for word from Floyd. The issue is very sensitive. We're giving this until the end of the month,” he said in Boxing Scene.

So far, the eight-division champion has already agreed to some of the demands brought up by Mayweather, including the May 2 fight date that could affect the planned Cinco de Mayo weekend bout between Saul “Canelo” Alvarez and Miguel Cotto.

Pacquiao has said the date won’t be an issue for him, so long as the elusive Mayweather signs the contract.

The Filipino has also agreed to take a lower cut in the fight expected to generate at $200 million to $300 million in revenues.

"Importante lang, kailangan muna matuloy," stressed Pacquiao, adding that he has no idea of where the venue for the bout will be as well.

Boxing promoter Bob Arum, who has been working out the fight with CBS' Les Moonves, admitted that the negotiations are proceeding at a slow pace.

"The talks are slow, but at least there is movement," Arum told veteran fight scribe Ronnie Nathanielsz, adding that he remains unsure if a deal will be reached.

"Until a deal is made and contracts signed, we'll never know," the veteran boxing promoter said.