50 Cent severs ties with Mayweather

Posted at 11/02/2012 5:14 PM | Updated as of 11/02/2012 10:33 PM

MANILA, Philippines – Rapper 50 Cent has confirmed that he has parted ways with his old friend Floyd Mayweather Jr. over differences regarding their The Money Team (TMT) promotions.

50 Cent (Curtis Jackson in real life) has formed TMT shortly after Mayweather concluded his incarceration, signing several boxers including featherweight champion Yuriorkis Gamboa, Australia's Dib and super middleweight boxer Andre Dirrell.

The rapper also said that he'll try to work out the elusive superbout between Mayweather and Filipino boxing superstar Manny Pacquiao.

But months later, 50 Cent’s relationship with Mayweather deteriorated, fueling speculations on an impending collapse of TMT promotions.

On Thursday, the rapper tweeted that he’s no longer working with Mayweather.

"TMT IS OVER. The Money team is no longer a team. So it's SMS Promotions. That's it. That's all," 50 Cent said in an ESPN report

“SMS” is the name of the rapper’s headphone product line.

The rapper later tweeted that he’s selling his TMT jackets at a bargain price.

"I'm no longer a part or down with TMT Promotions. If anyone wants a Money Team jacket I'm selling mine for a dollar. The (snap) back hat comes with it. That's a [fair] price.”

"Get your TMT sweat suit NOW!! For just $7.99 online No shipping and handling. I move the fighters to SMS Promotions 'cause the other half of the money team didn't put up [their] MONEY$."

Meanwhile, Mayweather's adviser Leonard Ellerbe fired back at 50 Cent.

Ellerbe claimed that "The Money Team" was a concept created by Mayweather even before 50 Cent came along.

"Let's be clear on this, Floyd Mayweather is The Money Team, and he's always been The Money Team. he's the beginning, the middle and the end of The Money Team," Ellerbe said in Fight Hype