A Saturday press conference is in the works for smack-talkers Adrien Broner and Paulie Malignaggi.
Arum discusses the Mayweather-Pacquiao telephone conversation - Next
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On what the Mayweather-Pacquiao conversation means:
"I have no ide whatsoever. Where this all goes, I can't tell. It's hard for me to tell. I just don't know. I don't know."
On the notion that Mayweather can not legally fight beyond May 5:
"One thing for sure is that this statement that they made that Mayweather has to fight on May 5 -- I've checked the court records and that's totally and absolute lie.
Kevin Iole of Yahoo!Sports as checked the court records as well. We have a copy of those records, and that's a total and complete lie that he can't fight beyond May 5 -- clearly, clearly, clearly."
On his desire to place the fight at a larger, outdoor venue than the MGM Grand:
"I really feel that this kind of fight is so big, that it should be treated like the Super Bowl of boxing. It needs time and it needs a bigger, outdoor arena.
"It needs something like the NFL has, a place for fans to congregate, like a fan-friendly center. This is not just an ordinary fight. Its' something that is very, very important for the sport of boxing."
On the timetable for making a big fight such as Mayweather-Pacquiao:
"The clock is ticking, and that's not good, so we need time to get this thing done, and, you know, the end of May is really rushing it. Maybe Mayweather can get a further postponement from the judge, because it's so big.
"Or maybe they can each do an interim fight, and we can get together and do the fight in November, but what's going on now is totally and completely ridiculous.
"It's absolutely ridiculous. These statements back and forth and this and that, it's crazy, and it doesn't make any sense. Again, it is what it is.
"The point is that everybody should relax, and we should do what's in the best interest for the fighters and the fans and all of boxing, and that is to have sufficient time to do a promotion and an event that boxing can be proud of."
"Not all of these wannabees and guys who don't know anything about the history of this sport, and what you do, like Mr. Schaefer, who have no feel for this thing."
Photos by Chris Farina, Top Rank Inc.
Lem Satterfield can be reached at email@example.com