By Dominic Verdin

Golden Boy Promotions President Oscar De La Hoya is hoping that WBC/WBA welterweight and junior middleweight champion Floyd Mayweather Jr. accepts the fight with WBO 147-pound champ Manny Pacquiao. The fight is being negotiated for May 2nd at the MGM Grand in Las Vegas.  

Back in 2009/2010, De La Hoya's company was involved in the Mayweather-Pacquiao negotiations and they failed in making the fight.

Pacquiao's promoter, Bob Arum of Top Rank, claims everything is agreed upon on their end, and they are simply waiting for Mayweather to approve the terms and sign a contract. 

"It's not easy to challenge yourself. It's very difficult. It's scary. I've been waiting for this fight for seven years and it's just a fight. Take it. Sign it. This opportunity is never, ever going to happen again. [Mayweather being afraid to lose] is the last excuse that I can think about [on why he won't fight Pacquiao]. Being afraid to lose - but who isn't?  Fighters like Manny Pacquiao and fighters like Felix Trinidad and the greats of this great sport were never afraid to lose," De La Hoya told BoxingScene.com

"It's just a shame that the fight fans will never get a chance to watch two great fighters at their peak [face each other] ever again. This fight should have taken place seven years ago. It's never too late, but I really do hope it happens very soon."

De La Hoya anticipates that Mayweather will face Miguel Cotto in a rematch.