Dan Rafael of ESPN.com reports this morning that after nine hours of mediation yesterday, the Mayweather and Pacquiao camps have still not agreed on a fight.
Top Rank's Bob Arum and Todd duBoef, along with their legal team, Golden Boy's Richard Schaefer, Oscar De La Hoya, their legal team, and Mayweather manager Al Haymon spent the day with mediator Daniel Weinstein at offices in Santa Monica, Calif., hoping to pave the way for potentially the richest fight in boxing history.
On Monday, Arum said the fighters were supposed to have been available by telephone.
After beginning the process at 9:30 a.m. PT and leaving at approximately 6:30 p.m. PT, no deal had been reached.
"Mediation is still ongoing," one of Top Rank's lawyers told ESPN Deportes' Jaime Mota.
Weinstein has placed a gag order on all parties.
It is unclear if the talks will resume on Wednesday.
That there's no change after a first meeting isn't surprising. I have to admit I'm incredibly worn out on talking about this and I really have nothing more to add anymore. It's either going to happen or they're going to ridiculously try to market back-to-back PPV events that feature Paulie Malignaggi and Yuri Foreman, and the spiteful side of me will root for both shows to bomb.