By Edward Chaykovsky

WBC/WBA welterweight and junior middleweight champion Floyd Mayweather Jr. has shot down reports, started by TMZ, that a deal was finalized to face WBO champion Manny Pacquiao on May 2nd at the MGM Grand in Las Vegas.

"Laying back, relaxing, enjoying good weather, palm trees and piña coladas. While they continue to lie about making the fight. I'm just going to continue to travel and explore the world on my private jet," Mayweather posted on the social networks with a photo of him relaxing.

Late Friday night, Showtime Sports head Stephen Espinoza also rejected TMZ's claim when speaking with's Rick Reeno.

"These series of reports that the fight is done is completely baffling to us. Rick, this deal is not close to being done, and everyone involved knows that. Top Rank's lawyers have said that there are significant open issues, so I don't understand how Bob can conceivably be saying the fight is imminent and will be closed within the next couple of days," Espinoza told

"I want to make it clear that it's not going to be this weekend and it's not going to be in the next couple of days."