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According to Dan Rafael of espn.com terms for the May 7th showdown between Manny Pacquiao and Shane Mosley have been reached.

“We came to a meeting of the minds,” Top Rank promoter Bob Arum told ESPN.com on Tuesday night after a final meeting with Mosley and his adviser, James Prince, at the Top Rank offices in Las Vegas. “[Top Rank matchmaker] Bruce Trample says it’s a very difficult fight. I believe it will be an exciting fight. Shane knows how to fight and how to deal with the speed. Manny is in for a hellacious fight. I really believe styles make fights.”

“I know that they think I’m an old man and that Manny is going to beat me. Let them think that,” said Mosley, a former lightweight, welterweight and junior middleweight champion. “I still have power and speed. They thought I was done before I knocked out [Antonio] Margarito, too. So they can think whatever they want. I know what I can do.”

“I hurt Floyd in our fight, but he’s a great fighter and has great defense,” Mosley said. “What can I do about Mora? Do you really think that was a draw? Come on. I won that fight. He ran from me all night. But Pacquiao? Come on, man. I’m a bigger guy than him and he gets hit. And you saw how I hurt Floyd. Manny is going to come forward and I will hit him on the chin at some point. His defense is not like Floyd’s. Manny will come at me, and I will knock him out.”

“I thought Mosley was the best draw of the three and it would do the best business,” Arum said.

“They had to be insane, putting Shane in the ring with Mora,” Arum said of Golden Boy’s decision to match Mosley with a fighter with a tough style who usually makes fights with little entertainment value. “With Floyd, Shane had him in real bad trouble in the second round, so he’s capable of doing a really good fight with Manny and Manny knows that. He’s talking to [trainer] Freddie [Roach] about doing five weeks of training in the United States rather than four weeks here and four weeks in the Philippines.”

“He’s getting a little older, which is in our favor, but I expect Shane to be at his best because he’s wanted this fight for a long time. I will get Pacquiao well prepared for this one.”

Golden Boy CEO Richard Schaefer was disappointed to hear that the deal for Pacquiao-Mosley had been made without even receiving a call from Mosley or Prince.

“Good luck. He’s obviously no longer part of Golden Boy. That’s all I’m going to say,” Schaefer said. “I wish him luck.”

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