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Pacquiao promoter: 'No deal has been reached'

January 6, 2010 |  9:07 pm

Following a Tuesday mediation hearing, Manny Pacquiao's promoter, Top Rank, just released a statement that the scheduled super-fight against Floyd Mayweather Jr. March 13 in Las Vegas is not going to happen.

"No deal has been reached," the statement read by Top Rank publicist Lee Samuels said. "We cannot discuss details. Manny is moving on. It doesn't appear as if Mayweather wants to fight Pacquiao."

Officials from the Mayweather camp were not immediately available, although the mediation deadline has not officially been reached, sources close to the negotiation said.

We're following this tonight and will update with more information shortly.

-- Lance Pugmire