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Pacquiao won't sign; fight called off

Updated: January 21, 2009, 2:38 PM ET
By Dan Rafael | ESPN.com

The proposed May 2 showdown between Manny Pacquiao and junior welterweight champ Ricky Hatton is off, according to representatives for both fighters.

Golden Boy CEO Richard Schaefer, who represents Hatton, told ESPN.com on Wednesday that he's canceled next week's planned media tour and will begin negotiating with other potential opponents immediately. Bob Arum of Top Rank, who promotes Pacquiao, confirmed that the fight is off.

"The fight is off and I instructed [tour manager] Kelly ...

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