(CNN) -- Floyd Mayweather will not be fighting Shane Mosley for a world title on May 1 after the "Money Man" refused to pay the World Boxing Association's sanctioning fee. The five-time world champion takes on Mosley in Las Vegas on May 1 but insists his legacy is more important to him than fighting for "Sugar Shane's" welterweight title. "I did not want to fight for the WBA title," Mayweather told Sky Sports. "At this point, it's all about enhancing my legacy. "I've done a lot of things in this sport, things that a lot of fighters weren't able to do in the sport and didn't do in the sport. This fight with Shane Mosley will enhance my legacy."
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Floyd Mayweather's fight with Shane Mosley will not be for the World Boxing Association title
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Mayweather refused to pay the WBA's sanctioning fee ahead of May 1 bout
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The 33-year-old says his boxing legacy is more important
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Mosley is current WBA welterweight champion
@placeholder, 33, has won all 40 of his professional bouts and is a six-time world champion at five different weights.