The fight had been touted to happen on May 2 at the MGM Grand in Las Vegas. Pacquiao agreed to his contract weeks ago, and reports last week indicated that Mayweather was on board, too.
Pacquiao is under contract with Time Warner/HBO and Mayweather is signed with CBS/Showtime but according to the report there is no issue between the television networks.
According to Pacquiao's promoter Bob Arum there are a few small issues that should take 10-minutes to sort out but are not been sorted out quickly?
"The thing that really concerns me is that we are running out of time for May 2," Arum told ESPN.com. "If you want to drag this out a little longer, then move the fight to later in May – May 30 is a good date – or go in June.
“We agreed to go on May 2 because that is the date Mayweather is hung up on, but if we're going to go on May 2, we need to get this done. …
"There are issues that should be solved in 10-minutes, but it's a slow dance. We send one draft to their side and their lawyer sends back a draft with something else that's an issue. And there doesn't seem to be any urgency about it on their side. It's terrible."
HBO issued a statement Monday that read, "We are not an impediment to this fight. We stand ready to go. The principals need to agree to terms and come to a deal."
Attempts through the years to negotiate a showdown between the two fighters fell through.