Manny Pacquiao
via Boxing AIBA / CC-BY-2.0

Negotiations are still on-going for the mega-fight between Floyd Mayweather and Manny Pacquiao… but we can be more hopeful, as the Filipino boxer says is the deal is “near” completion.

According to the AFP, Pac-Man told reporters Monday (Feb. 16) that terms are being finalized… and he and Mayweather are making sure it happens. He says he’s agreed to undergo drug testing and even suggested that he be fined $5 million if he tests positive, said the report.

“(The fight) is near. The negotiations are nearly finished,” Pacquiao said. “We agreed that this fight has to happen. We are ironing out the kinks. He (Mayweather) said he wants the fight to push through.”

What “kinks” are left is currently unknown, but reports say it has to do with the broadcast, since Pacquiao is signed to HBO and Mayweather is signed to Showtime.

Pacquiao is 57-5 with two draws and 38 knockouts, while Mayweather is 47-0 with 26 knockouts.

Their long-awaited showdown is expected to be the largest earning in boxing history.

In a brief TV interview during the NBA All-Star Game on Sunday (Feb. 15), Mayweather denied that a deal had been signed, but said he was “hopeful” the fight would happen.