Manny Pacquiao and Top Rank Chair Bob Arum are "discussing a five-fight contract extension" that would take the boxer through '16, according to Dan Rafael of ESPN.com. Arum said, "We are talking about a lot of things. How many fights would be in Macau, how many would be in the United States, how many in other places. But we are talking about five fights." Arum, who has promoted Pacquiao since '05, said that if the deal is completed, "it would likely mean a fight this fall followed by two fights each" in '15 and '16. Pacquiao's existing agreement with Top Rank "runs out at the end of this year," but he has often stated that he is "loyal to Arum and hopes to finish his career with him." Pacquiao's adviser Michael Koncz said that although Pacquiao and Arum have "enjoyed a mutually beneficial relationship, they are still exploring other options." He added that the pair is "permitted to do so before the end of the agreement." Koncz said that he was "not having discussions" with Golden Boy Promotions, which once was "embroiled in litigation" with Top Rank over Pacquiao's contract after he signed with both companies simultaneously (ESPN.com, 4/28).