Floyd Mayweather May Be Stripped of Belt Won in Pacquiao Fight: Report

Floyd Mayweather could be stripped of the title belt he won in the May victory over Manny Pacquiao on a technical knockout because he has reportedly failed to pay a sanctioning fee or comply with several rules.

The undefeated Mayweather has now missed two World Boxing Organization deadlines to make good on his compliances, which included paying a $200,000 sanctioning fee and surrendering other previous titles, as official rules state that fighters cannot hold titles in dueling weight divisions, according to ThaBoxingVoice.com blog.

ESPN's Dan Rafael posted a Twitter message Friday stating that Mayweather could lose his title as early as Monday for failing to comply.

According to @WorldBoxingOrg Floyd has not complied with the rules by today's 4:30 pm ET deadline. Likely to be stripped of 147 on Monday.

— Dan Rafael (@danrafaelespn) July 3, 2015

The day after Mayweather defeated Pacquiao for the WBO welterweight crown at the MGM Grand Garden Arena in Las Vegas, the 38-year-old indicated that he would give up his World Boxing Council and World Boxing Association light-middleweight titles, ESPN reported.

"I'm a world champion in two different weight classes," Mayweather said at the time. "It's time to let other fighters fight for the belt. I don't know if it will be Monday or maybe a couple weeks. I'll talk to my team and see what we need to do. Other fighters need a chance. Give other fighters a chance. I'm not greedy . . . It's time to let other fighters fight for the belt."

Chris Williams, of BoxingNews24.com, wrote that Mayweather, the sport's biggest financial draw, is likely not sweating the possible loss of the WBO crown.

"Mayweather doesn't need the WBO title, because it's just a trinket and that has too many things involved with in order for him to keep it," Williams wrote. "They want Mayweather to jump through hoop after hoop in order hold onto the strap. I could understand Mayweather wanting to keep the title if he were in his 20s and nobody knew who he was, but he's established fighter now and he's bigger than the simple titles that he's holding onto."

Mayweather made $300 million over the past year, easily making him the world's highest paid athlete over the past 12 months, Forbes reported in June.