Eleven days before the fight between Floyd Mayweather and Manny Pacquiao, an actual contract for the bout to take place at the MGM Grand still has not been signed.

Top Rank promoter Bob Arum told ESPN.com on Tuesday that he wasn't signing the contract that he received a draft of on April 15 because it wasn't what he agreed to when the MGM, Mayweather Promotions and he signed the term sheet a couple months ago.

"We agreed that we would all be signatories on the final contract and then they sent us a draft of the agreement and it excluded us," said Arum, who promotes Pacquiao.

Though eleven days away, the fight between Floyd Mayweather and Manny Pacquiao is still without a signed contract. Paul Archuleta/FilmMagic

Not being a signatory to the contract means that Top Rank wouldn't have control of decisions during the fight, including in-arena production, video content and music.

"They don't want us to have any say," Arum said. "So whether they came up with the deal between Mayweather and MGM before or after our agreement, they've committed fraud either way. That's what we're enmeshed in."

Arum said later Tuesday night that, after asking for three weeks, he finally received the manifest, which carves out who gets seats where.

"It's one of the things I was most concerned about," said Arum, adding that he thinks it's possible the contract gets signed Tuesday night or Wednesday morning.

Leonard Ellerbe, CEO of Mayweather Promotions, disagreed with Arum's characterization of the original deal.

"The bottom line is that Bob isn't willing to live with the agreement signed a couple months ago, which doesn't allow him to be in control," Ellerbe said. "The only conspiracy, in my opinion, exists with him trying to conspire with his lawyers to change the terms of the agreement. I assure you that nothing underhanded is going on and the reference to this back alley stuff is ridiculous."

The only hint to the actual term sheet was posted on Manny Pacquiao's Facebook page on the day it was signed in February. Pacquiao posted the first page of the term sheet before deleting it, but not before it was screengrabbed.