By John F. McKenna (McJack): Eight division champion and fighter of the decade WBO welterweight champion Manny Pacquiao (54-3-2, 38 KO’s) says that the pieces were all falling into place in the effort to put together the much ballyhooed fight between himself and undefeated American superstar WBC welterweight champion Floyd Mayweather Jr. (42-0, 26 KO’s).

Then when “Pacman” believed progress was being made and the much anticipated fight was about to come to fruition, Mayweather “lo-balled” him with his offer of $40 million.
At first glance to someone who is uninformed as to the kind of money to be made for a Pacquiao – Mayweather fight, $40 million indeed sounds like a lot of money. But looking at things in a realistic sense “Money” Mayweather’s offer is not even in the ballpark.
.
Floyd’s offer was a lump sum offer, with Mayweather keeping the Pay Per View (PPV) revenue for himself. In other words “Money” would be keeping the lion’s share of the revenue from the fight. Boxing insiders have estimated that the PPV could come to $160 million or even higher.

Pacquiao was quoted in THE TIMES OF INDIA saying:

“It was embarrassing to me. He was trying to take advantage of me. It is clear he did not want to fight.”

Pacquiao went on to say that he personally contacted Mayweather in an attempt to broker a deal. Manny said that he offered Floyd whatever he wanted including the blood testing.
Manny said he thought they had a deal until the PPV revenue was discussed. It was at that point that “Pacman” realized that Floyd was not serious about striking a deal.

There is little doubt at this point that when Mayweather reserved the MGM Grand Arena in Las Vegas for May 5, it was not reserved with the intent of using it as a venue to fight Manny Pacquiao. Floyd has had numerous opportunities to engage Manny in what would be the hugest money maker in boxing history.

Instead of attempting to put a fight with Pacquiao together however, Mayweather chooses to Tweet absurd messages on his Twitter account such as “Stand up punk!” and then refer to Manny as “Miss Pacman”. The Tweets are merely a smokescreen designed to deflect the blame from Floyd for his decision to choose for his next match a safe opponent like Miguel Cotto, rather than test himself against the other boxing superstar of this era, Manny Pacquiao.