The camps of Floyd Mayweather and Manny Pacquiao have begun talks to make the biggest fight in boxing, with the initial target date being May 1, 2010, according to BoxingScene.com.

Mayweather’s adviser, Leonard Ellerbe, has apparently advised Golden Boy Promotions CEO Richard Schaefer on the Mayweather camp’s wishes, and Schaefer will negotiate on their behalf with Top Rank’s Bob Arum. Ellerbe was willing to step aside from the negotiations due to his past rocky history with Arum, allowing the terms to be worked out without personal differences getting in the way.

While the fight will more than likely land at one of the existing venues in Las Vegas, there has also been talk at staging this mega-event at the new Dallas Cowboys stadium, the new Yankee Stadium or perhaps even a brand new venue built specifically for this fight by Steve Wynn in Las Vegas.

Mayweather’s camp appears confident that a deal can be made, and feel that Mayweather’s pay-per-view track record will allow him to have the upper hand in negotiations, allowing a deal to be reached more easily.

If a deal can’t be reached for their respective next fights, both fighters have some very big name “backup plans.” Ellerbe says that Mayweather has his sights set on the winner of the upcoming Shane Mosley – Andre Berto fight as his backup option, while Pacquiao is interested in making a third fight with Juan Manuel Marquez.

Originally published at BoxingInformer.com

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