Manny Pacquiao yesterday described Oscar dela Hoya’s offer as “unconscionable” and “unacceptable” as negotiations for a dream showdown between the two superstars came to a screeching halt.

Pacquiao, the pound-for-pound king, and Dela Hoya, the pay-per-view king, have been working out a deal the last two weeks, but just couldn’t find one that would be acceptable for both.

However, experts believe that all’s not lost on the deal yet, and that both camps may soon resume talks – as quietly as possible. In boxing, as the old saying goes, “money talks.”

The fight was being penciled for Dec. 6 at the MGM Grand in Las Vegas. It would be Dela Hoya’s last fight and initial forecasts said the non-title fight could earn as much as $100 million.

Dela Hoya has offered Pacquiao a 70-30 split in favor of the six-time world champion and gold medalist in the 1992 Barcelona Olympics. Pacquiao wanted more, at least 40 percent.

Dela Hoya wouldn’t budge. He agreed to a weight limit of 147 pounds, as Pacquiao wanted, and the use of 8-ounce gloves, again as Pacquiao had wanted.

But not with the 60-40 split.

Dan Rafael of ESPN.com said initially, the 70-30 split was only good up to an “undisclosed number of pay-per-view buys.” After such number is reached, Dela Hoya gets 80 percent of what’s left.

Dela Hoya then erased the 80-20 portion, and agreed to give Pacquiao a 70-30 deal for all buys.

“I have been informed that Oscar dela Hoya is firm with the 70-30 revenue sharing and won’t budge in to the 60-40 split we have counter-offered,” said Pacquiao.

“I find the offer of GBP (Golden Boy Promotions) unconscionable hence unacceptable. It would have been an honor to fight (Oscar) on his last fight capping a very illustrious boxing career but under the circumstances, the option left is to move on.

“I have already made specific instructions to my lawyer to start negotiating with Bob Arum for my next fight with any possible opponent at 135 lbs,” said Pacquiao in a statement released to the media by his lawyer, Franklin Gacal.

“It is a bit mind-boggling for me that he (Pacquiao) would have to fight three or four times to make what he could make to fight Oscar. I hope Manny has been given all the information by his people,” said Golden Boy CEO Richard Schaeffer.

Even at 70-30, Pacquiao stands to earn $10 million to $15 million, or thrice as much as his purse for fighting David Diaz. After Humberto Soto or Edwin Valero, Pacquiao is looking at Ricky Hatton.

Gacal said three days ago that if Dela Hoya stands firm on his 70-30 offer, “the fight is off.” It turned out that the Pacquiao camp isn’t bluffing when they finally said no.

Pacquiao’s promoter, Bob Arum of Top Rank, said recently that if the Dela Hoya fight goes down the drain, then Pacquiao will take on Soto, the conqueror of Bobby Pacquiao.

There’s no definite venue for the fight although they’re looking at an earlier date in November. The big venues in Las Vegas are booked around that date, although Planet Hollywood remains a possibility.

Dela Hoya, on the other hand, is also trying to move on, and is reportedly looking at Sergio Mora, the world champion at light middleweight, as his opponent for his farewell fight.