BY DAVE RAGAZZO

NEWJERSEYNEWSROOM.COM

At the Apollo Theater on Tuesday, Floyd Mayweather Jr. and Miguel Cotto held a press conference to promote their Cinco de Mayo fight in Las Vegas.

Mayweather seemed interested in another fight that still might not ever happen but would be one of the greatest fights that boxing has ever seen

A looming fight between Mayweather and Manny Pacquiao is still the talk of boxing because it could be the richest fight in the sport’s history. According to the Associated Press, Mayweather said the fight is all about splitting the money that the two fighters would generate.

"Just by speaking to Pacquiao on the phone, I mean, he's not one of the sharpest knives in the drawer," Mayweather said at the press conference. "He faces Floyd Mayweather, he's not getting 50-50. Not at all. No one is getting 50-50."

Although it has been reported that other things such as drug testing have held up the mega fight, money seems to be the biggest dispute. Top Rank promoter Bob Arum has said that drug testing is not an issue but payout between Mayweather and Pacquaio has been the biggest hold up.

"Bob Arum likes to match Top Rank fighters with Top Rank fights. He keeps all the money in house," Mayweather said.

"If I offered him $30 million, he should be happy," Mayweather added. "If I offered him $30 million and I didn't give money on the back end, why should I? He's with Arum right now, and they're having problems. It's obvious he must not be getting money on the back end."

More action has taken place outside of the ring as it has moved into federal court when Pacquaio sued Mayweather in December 2009 for defamation. The Filipino fighter spent 12 hours last week in Las Vegas giving depositions because he says he was falsely accused of using performance enhancing drugs by Mayweather.

Some have said that Mayweather is trying to avoid the fight with Pacquiao, but Mayweather cleared the air on Tuesday.

"If I'm scared and I'm a coward, why do you guys want to see me fight?" he said. "Do I want the Pacquiao fight? Absolutely. But it's going to be hard to make the fight because Arum is worried about getting money."

Even though the talk was mostly about Pacquaio, Mayweather is still fighting Cotto on May 5 at the 154-pound weight limit. Cotto, who has not lost in his three fights since his November 2009 loss to Pacquaio, believes that the higher weight class gives him an advantage.

"Power is going to be on my side," Cotto said.

The fight will be televised by HBO pay-per-view with the four episode mini-series “24-7” airing on HBO in the weeks leading up to the fight.