Floyd Mayweather has so far resisted Manny Pacquiao's fight negotiations © PA Photos Enlarge

Floyd Mayweather's camp have rejected Manny Pacquiao's offer to accept 45% of the pay-per-view revenue no matter the outcome to get their long-awaited bout into the ring, insisting they will "dictate the terms" of any deal relating to the fight.

In a fresh bid to end the ongoing welterweight saga and agree the terms for a fight billed as the showdown between the two finest pound-for-pound boxers in the world, Paquiao agreed to give Mayweather the greater cut of the fight takings, win or lose.

But Mayweather's advisor Leonard Ellerbe reacted angrily to the move, and subsequent suggestions that the only thing stopping the American from entering the ring is Mayweather himself as he looks to protect his undefeated record.

Ellerbe told The LA Times: "Manny Pacquiao can't tell Floyd Mayweather ****. If and when the fight takes place, Floyd will dictate the terms."

Pacquiao still harbours hopes of arranging a showdown with Mayweather in the spring of 2013, and will face Mexico's Juan Manuel Marquez for a fourth time in November, a fight date originally saved for the American.

Ellerbe insists that the result of that fight will have no impact on the Mayweather camp's stance on a potential Pacquiao bout, insisting that the fight is one "that, in my opinion, no one cares about."

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