Former five division world champion Floyd Mayweather (50-0, 27 KOs) is getting frustrated with UFC President Dana White.

According to Mayweather, White is using his name as leverage during some very delicate negations to renew a television deal with FOX. The UFC had signed a seven year TV deal with FOX in 2011. That deal recently came to an end.

There have been reports that FOX offered the UFC $200 million for the new deal, but that figure is "less than half" of what UFC is looking for.

White has been creating headlines over the last few weeks, including numerous press clippings in the last few days, as it relates to Mayweather.

For most of December, there have been rumors regarding the UFC approaching Mayweather with a muti-fight deal to jump-start a career in mixed martial arts.

Mayweather, in a recent interview, claimed the deal was worth $1 billion - but later said he wasn't interested in fighting again. 

On Thursday, White conducted a televised interview where he claimed that a meeting was scheduled with Mayweather's team - and made it appear as if they were meeting to discuss the idea of Mayweather having a potential run in the UFC. 

But later in the day, White conducted another televised interview where he attempted to clear things up, by stating that his meeting with Mayweather's team is simply to discuss White's plan to promote boxing events under the UFC's parent company.

"Let's be clear here: Floyd gets killed in MMA, and I think even Floyd knows that," White said. "I've been very honest about I'm getting into boxing. I want to get into boxing and in 2018 the next couple of months, I'm meeting with everybody from the boxing world and I'm meeting with Team Mayweather too."

"I mean, Floyd would be crazy. Obviously it would be a big deal, Floyd would make a lot of money. But no, I don't think Floyd wants to fight in the Octagon."

White got a taste of boxing back in August, when the UFC was a co-promoter to Mayweather's pay-per-view showdown with UFC superstar Conor McGregor.

The event generated over 4 million pay-per-view buys and massive gate at the T-Mobile Arena in Las Vegas.

It didn't take long before White was discussing the idea of the UFC entering the boxing market under the Zuffa Boxing banner.

Mayweather has now come out, and accused White of continuously using his name - to create a false scenario where the unbeaten boxer might fight in the octagon - in order to further the UFC's agenda in finalizing a TV rights agreement with FOX.

"I've made a lot of money in my career, I've spent a lot of money in my career, but I've made a lot of smart investments. I'm not hurting for money. I took the McGregor fight because that was an opportunity for me to make nine figures," Mayweather told Fighthype.com.

"The UFC.... their deal with Fox is coming to an end, they're trying to renew a new deal - [and] what better name could they [can] use than Floyd Mayweather. I don't need to fight again."