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Pacquiao-Mayweather in negotiations

Updated: November 24, 2009, 2:11 AM ET
By Dan Rafael | ESPN.com

Let the talks begin.

Formal negotiations in an effort to make a megafight between pound-for-pound king Manny Pacquiao and Floyd Mayweather Jr. in the first part of 2010 will open Monday, Golden Boy Promotions CEO Richard Schaefer told ESPN.com.

Schaefer was on his way Monday morning from Los Angeles to Las Vegas to meet Top Rank's Bob Arum, Pacquiao's promoter, for lunch at the MGM Grand, which has hosted several Pacquiao and Mayweather fights.

"Floyd and me want to see ...

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