Michael Koncz, the advisor for Manny Pacquiao, announced yesterday that Floyd Mayweather, Jr. has declined the terms of a contract that would result in a $5M fine for either fighter in the event of a failed drug test before or after their highly anticipated fight on May 2 from MGM in Las Vegas.
Mayweather along with Leonard Ellerbe, CEO of Mayweather Promotions and close advisor, see things differently.
“Michael Koncz is an idiot, and Manny Pacquiao should be ashamed to have him as his representative, in my opinion,” Ellerbe told ESPN.com. “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 of Top Rank] 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.”
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