TOP Rank's $100 million lawsuit against boxing manager Al Haymon is moving toward a settlement, clearing one major hurdle for a possible rematch of their respective star wards Manny Pacquiao and Floyd Mayweather Jr.
According to a report by Yahoo! Sports' Chris Mannix, Top Rank attorneys have asked to halt previously requested document production and discovery regarding the suit they filed against Haymon and associates last July, as well as postpone depositions indefinitely.
Such moves indicate both sides are likely to settle the dispute outside the courtroom. The suit alleged that Haymon serves as manager and promoter in his TV boxing series Premier Boxing Champions--a forbidden act under the Muhammad Ali Boxing Reform Act. Top Rank also claimed that Haymon is attempting to monopolize boxing with the series, in violation of antitrust laws.
The antitrust claims were dismissed but the case proceeded to discovery and depositions after Haymon's motion to dismiss was denied.
With a settlement now looming, possible negotiations for a rematch between Pacquiao, who's under Top Rank, and Mayweather, managed by Haymon, have been cleared from a huge obstacle. Top Rank CEO Bob Arum, however, shared to Yahoo that he has no knowledge of a settlement and other Top Rank officials declined to comment on the matter.
The remaining hurdle to a Mayweather-Pacquiao II is the retirement of both fighters, but Mayweather has recently given signs he is open to a comeback - particularly an interview with CBS/Showtime's Jim Gray - and his company filing for trademarks on 'TMT 50' and 'TBE 50,' a nod to the boxer's possible 50th fight as reported by ESPN.
Pacquiao, on the other hand, announced his retirement after defeating Tim Bradley on April 9, but he has long lobbied for a Mayweather rematch that still carries the potential as the richest boxing match possible at this time.
It might not match the 4.6 million PPV buys of the first fight, but the possible rematch could reach or exceed an estimated 2 million PPV buys.