This is an unconfirmed report, but I have heard rumblings that they were close to an agreement.  According to Ringsidereport.com it is a done deal and only the signatures are needed.  I personally wouldn’t feel comfortable saying this is a done deal, but here are the details:

“The long anticipated fight between Manny Pacquiao, 51-3-2, 38 KO’s and Floyd Mayweather, JR., 41-0, 25 KO’s is a done deal with only signatures needed on the printed contract” said a very reliable inside source close to Team Mayweather who has just contacted RSR. This inside source went on to say, “Floyd is very happy that both sides could work out issues that he always felt could be talked out.” Floyd is anticipating on making well over 50 million dollars with Manny making almost the same. Tentative dates being kicked around for an HBO PPV is the middle to end of November 2010 and if this does happen there is no doubt that this fight will be the biggest grossing in history.

I won’t believe it until the contracts are signed.  We have been burned before and since it is boxing, we definitely can be burned again.

While I have heard they were close in negotiations, I haven’t heard anything about it being a done deal as of today, but I have heard the negotiations were going very well and that everyone was told to keep it out of the public.

Both men stand to make over 50+ million if the fight happens.  It would be the biggest fight in terms of revenue in boxing history.  The snag last time was drug testing, but since Pacquiao has lessened his stance on that, it appears that there are no roadblocks.

If there is concrete evidence in the next couple of days or so we will report it. For now I would say be cautiously optimistic that the fight will happen sometime in November.