Mayweather, Pacquiao meet privately after Heat game

Floyd Mayweather Jr. and Manny Pacquiao are reportedly inching closer to agreeing to a record-breaking bout tentatively scheduled for May 2.

Pacquiao's adviser Michael Koncz told ESPN that the pair huddled up in his client's hotel suite to go over terms for the proposed fight hours after their highly publicized encounter at halftime of the Miami Heat and Milwaukee Bucks game on Tuesday.

"That's the first time they ever sat eye to eye," Koncz said Wednesday. "I've met Floyd many times but he and Manny had never had a chance to meet. They talked at halftime, but this was a longer, more serious meeting. You could tell by their body language that this was very positive. It was for a good hour or more."

Sources tell ESPN the two fighters have already agreed on a number of previously contested issues, including drug testing and the proposed date. The main hurdle that still remains, according to Koncz, are two broadcast-related issues. Koncz declined to elaborate on the specifics of the issues, but said those items dominated the majority of their discussion.

"It was a business meeting but it wasn't a tense business meeting," Koncz said. "I think that's because they both have mutual respect for each other. We'll determine what will happen over the next couple of days."

Koncz said that both fighters want the bout to happen and Pacquiao's promoter Bob Arum assured them that the broadcast issues have been worked out.

From ESPN:

The sides have been negotiating what will certainly be the richest fight in boxing history, but no deal has been struck yet. One of the issues is that Time Warner/HBO, which has a contract with Pacquiao, and CBS/Showtime, which has Mayweather under contract, need to hammer out terms for a joint pay-per-view telecast, which they did once before for the 2002 fight between then-heavyweight world champion Lennox Lewis and former champ Mike Tyson. They have been negotiating the terms.

Pacquiao, according to Koncz, will fight England's Amir Khan on May 30 if they're are unable to come to terms on an agreement with Mayweather's camp. However, after years of failed negotiations, both sides appear as optimistic as ever the record-breaking match will take place.

"People want this fight and have wanted it for so long," Koncz said. "I would have liked to see it happen three or four or five years ago, but hopefully we can get it done now. It will be the biggest fight in history."

Koncz said it was a coincidence the pair were both at the Heat game and that they swapped cellphone numbers during the brief exchange.