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The then UFC Featherweight champion Conor McGregor announced on his Twitter account that he would be retiring from the UFC and MMA after disagreements with UFC president Dana White.

"I wanted to get McGregor locked in first, because McGregor is under contract with me". "It depends on how much the fight sells. If the fight sells as well as I think it can Floyd makes north of 100 (million) and Conor makes 75 (million)", White said.

If the fight does come to fruition, it will more than likely break the pay-per-view record set by Mayweather vs. Pacquiao. There's going to be enough headaches getting the fight signed as it is, if it even ends up getting signed.

"I'm a smaller guy but if I want to get to that seven figure payday, I got to call "The Mac Life", he explained.

McGregor's biggest disclosed purse in the UFC is $3 million, for his welterweight rematch against Nate Diaz at UFC 202 last August.

At this point, neither side has agreed to any split of the profits from the fight but White gave his estimations on what he believes Mayweather and McGregor could reap from stepping into the ring together later this year. "Or I don't need "The Mac Life", I can keep doing what I'm doing now".

White also explained why Mayweather would get a bigger pay day than McGregor. Maybe the Mayweather side can't be done.

White appeared on The Herd with Colin Cowherd today and spoke about where things were at with what would surely be the sporting event of the year.

"Listen, one of the things that we've done and the reason we've built this brand the way that we have is, we always bring people the fights they want to see". So I think if any fight can happen before the Floyd Mayweather fight, it would be fine because we do the same s**t.

"I have to be honest, I don't ever see him fighting in Ireland again", said Kavanagh, speaking in Sydney on a promotional tour.

Asked about the rules of the fight and whether he plans on negotiating anything into the deal from a rules standpoint to help McGregor, who has never boxed professionally, White reiterated that it would be a boxing match only. "There's no doubt that people want to see this fight". If we were close, I'd tell you we were close. It's not going to have anything to do with UFC.