Manny Pacquiao has agreed to an undisclosed settlement to his December 2009 defamation lawsuit against the Mayweathers over implied steroid accusations.
The Associated Press reports the terms of the settlement are “strictly confidential” and came after a judge decreed that Floyd Mayweather, Jr. pay Pacquaio $14,000 for refusing to be questioned in the case. Mayweather’s father and uncle, Floyd Sr. and Roger, were also named in the original lawsuit.
A statement was released today by retired judge turned mediator Daniel Weinstein on behalf of Team Mayweather:
Floyd Mayweather Jr., Floyd Mayweather Sr., Roger Mayweather and Mayweather Promotions wish to make it clear that they never intended to claim that Manny Pacquiao has used or is using any performance enhancing drugs, nor are they aware of any evidence that Manny Pacquiao has used performance enhancing drugs. Manny Pacquiao is a great champion, and no one should construe any of our prior remarks as claiming that Manny Pacquiao has used performance enhancing drugs.
Weinsten was an integral part of the first failed negotiations between Mayweather and Pacquiao from late 2009 through early 2010, which completely collapsed over the drug testing issue and resulted in Pacquiao facing Joshua Clottey and Mayweather taking on Shane Mosley.
The sad irony is it took three years and the intervention of the judicial system for these two to come an agreement. Unfortunately, that agreement doesn’t pertain to them fighting in the ring.
Outside of their devoted, rabid fans who to this day still love to troll and argue back and forth on boxing message boards, this fight started losing its luster well over a year ago. With Mayweather fighting sporadically and Pacquiao far removed from his 2009 form, this bout isn’t the superfight it could have been. When it does happen, it’ll be a cash-out, money-grab for both men instead of the legacy bout it appeared destined to be.
Place the majority of blame wherever to you like; there’s more than enough to go around between Mayweather, Pacquiao and Arum.