Pacquiao-Mayweather fight not a done deal yet — Stephen Espinoza

Showtime executive vice-president Stephen Espinoza denied a report that negotiations for a P10-B mega-fight between the Filipino ring icon and Sarangani Rep. Manny Pacquiao, and undefeated American boxer Floyd Mayweather Jr. are already a done deal.

Espinoza turned to Twitter to refute the article by the Telegraph Sports, which interviewed an unnamed source from Pacquiao's camp.

Not sure what anyone is signing since no agreement has been finalized yet. #MayweatherPacquiao #boxing

— Stephen Espinoza (@StephenEspinoza) February 15, 2015
 

The source said Pacquiao has finished his contractual agreements on Saturday, while Mayweather is set to put down his signature on the contract in the next few days.

In an earlier interview, the Sarangani representative also said that the fight is already sealed and only needs to be signed. The official announcement, however, will be made by the American boxer.

The fight is scheduled on May 2 at the MGM Grand in Las Vegas, with the fighters reportedly agreeing to a 60/40 split in favor of Mayweather.

An imaginary contract, maybe. Real one not finished yet. "@alstar3636: Sporting News & Telegraph reporting Pac signed a contract for 250M"

— Stephen Espinoza (@StephenEspinoza) February 15, 2015
 

    
— Marisse Panaligan/LBG, GMA News