Take your personal feelings about how you feel about Manny Pacquiao and Floyd Mayweather out of the equation for a minute. Take out the “legacy” issue from a Pacquiao vs. Mayweather fight. Now, I just want you to follow along, so you understand why this fight hasn’t taken place and likely will never take place.
Floyd Mayweather is his own boss. He has partners with Golden Boy and Showtime, like him or not, he is calling the shots. He is making between $30-50 million a fight and many of those fights haven’t been that difficult at all (see the last Robert Guerrero fight). He has total control and final say over everything (the Garcia vs. Matthysse fight doesn’t get on the undercard unless Mayweather signed off on it).
Manny Pacquiao has a promotional contract with Top Rank Boxing and works for Bob Arum. Pacquiao makes a lot of money, between $15-30 million a fight, but Top Rank makes a lot of money off him. In the end Bob Arum has the final say on everything.
Mayweather hates Bob Arum (long history that you can Google about).
If Pacquiao and Mayweather ever fought that would mean that Mayweather would be giving some of his money and control to Bob Arum and from the beginning that was the main reason the fight never happened.
If Pacquiao was a promotional free agent or he was under Golden Boy, the fight would have happened years ago. It didn’t happen then, it won’t happen now.
As long as Bob Arum has a contractual hold over Manny Pacquiao, no matter what Manny Pacquiao says (video courtesy of Bleacher Report) it is never EVER happening.