Floyd Mayweather Jr. has declined to agree to terms for a penalty that would cost either man $5 million in the event of a failed drug test before or after their May 2 megafight according to Michael Koncz.
“Today we were informed that Mayweather turned down the request. Manny had requested that there would be a reciprocal fine of $5 million for a failed drug test. We have no recourse. We can’t force Floyd into something. But we gave them an opportunity to put their money where their mouth is and they wouldn’t. I won’t speculate why. To me there is no legitimate argument. We know we’re clean. That’s why Manny said he would pay $5 million if he tested dirty. Manny was surprised [Mayweather refused]. He can’t figure out why they wouldn’t agree to it when Floyd is always talking about cleaning up the sport of boxing.” Michael Koncz
Koncz said even though the agreements for the fight are signed, as is a separate agreement for the United States Anti-Doping Agency to supervise random blood and urine testing, they had still been discussing terms for a large fine in the event of a failed test. Jeremiah Reynolds (Mayweather’s attorney) sent a letter to Pacquiao attorney David Moroso yesterday declining to enter into any agreements on a fine for failing a drug test.
“Michael Koncz is an idiot, and Manny Pacquiao should be ashamed to have him as his representative, in my opinion, it’s obvious he didn’t read the contract. Why would he have his fighter sign something he was not happy with? The deal was negotiated up and down by his promoter [Bob Arum] on behalf of Manny with Floyd and Mayweather Promotions, and it’s been well documented in the media for quite some time. If this moron didn’t convey his fighter’s wishes when the negotiation was going on, that’s their problem. This is a lame-ass attempt to generate publicity. If Manny Pacquiao tested positive it is going to cost him a whole lot more than $5 million. All parties signed a contract agreeing to every term. Where has this idiot Koncz been? It sounds like he didn’t read the documents they signed. No wonder why his fighter is always confused. It sounds like that idiot is suggesting there’s a $5 million price tag if Manny comes up positive. That sounds suspicious. All I know is we welcome random testing as we always have.” Leonard Ellerbe