UFC President Dana White Counters Floyd Mayweather Jr's $15 Million Offer To Conor McGregor With $25 Million Each For A Boxing Match (Video)

Video After The Jump

The bidding has officially started.

The much talked about potential boxing match between Floyd Mayweather Jr. (49-0) vs. Conor McGregor (21-3 MMA) is starting to gain some traction.

During an appearance on First Take earlier this week, Mayweather, outlined the financial terms he would be agreeable with.

"They know what my number is. My number was a guaranteed one hundred million dollars," Floyd said. "That was my number. We're the A side and I don't really know how much money he has made before. I don't know how much money Conor McGregor has made. He hasn't even made ten million an MMA bout. But we are willing to give him fifteen million. And then we can talk about splitting the percentage ... the back end percentage on pay-per-view. How can a guy talk about twenty or thirty million if he's never even made eight or nine million?"

UFC President Dana White appeared on Fox Sports 1's "The Herd" on Friday, January 13, and said an offer of $25 million each would be fair.

According to TMZ, White countered Mayweather's argument of being the "A side," by saying The Notorious is the bigger draw because Money May's last fight against Andre Berto was so boring it diminished his negotiating power.

White, who is negotiating for McGregor because the Irish fighter is under contract with the UFC, knows there's no way a deal gets done with his offer. But, at least it's a starting point.

If the fight happens Mayweather will get the lion's share of the purse, gate and pay-per-view sales profits, as he looks to make history by becoming the only boxer to achieve a record of 50-0.