Manny Pacquiao's promoter, Bob Arum, was flying to the Philippines on Tuesday to discuss the boxer's possible megafight against Floyd Mayweather Jr.
Arum said he also would discuss Pacquiao's participation in a congressional election in that country.
A source familiar with the process who declined to be identified because he's not authorized to speak about the negotiations said there are strong indications that Mayweather has agreed in principle to some contractual details.
A report by Yahoo Sports on Tuesday night said that a Pacquiao-Mayweather fight was nearly finalized for March 13 and that Mayweather had agreed to terms.
Contacted late Tuesday night, the lead matchmaker for Arum's promotion company, Top Rank, was more cautious about where negotiations stand.
"This trip was planned," matchmaker Bruce Trampler said. "Manny's got to fight in the first half of the year and Bob has to make the match so he was going to discuss that with Manny -- dates, opponents and Manny's thoughts on his political career."
"I'm going over there to figure it out," Arum told The Times just before departing. "Everything."
Arum said Tuesday that an opponent will run against Pacquiao in the May 10 Philippines election, which will force the boxer to campaign extensively in the weeks preceding the election. Arum and several others who are attempting to negotiate a Pacquiao-Mayweather fight would ideally like the bout to occur on May 1.
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WOW! This would one the greatest fight since the time of Ali.
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