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Floyd Mayweather, Jr., Suge Knight

Ethan Miller, Kevork Djansezian/Getty Images

Suge Knight may be out of jail as early as this weekend if Floyd Mayweather Jr. wins his anticipated boxing match against Manny Pacquiao, his lawyer says.

The 50-year-old Death Row Records co-founder has remained behind bars since he was arrested on Jan. 30 on suspicion of running over two men with his pickup truck. He re-entered a plea of not guilty on Thursday to charges of murder, attempted murder and hit and run over the incident, in which one man was killed and the second was injured. His bail was set at $10 million, reduced from $25 million, and his trial is set to begin in July.

Matthew Fletcher, Knight's attorney, said if Mayweather wins Saturday's boxing match, he could cover his client's bail, The Los Angeles Times and NBC Los Angeles reported on April 30. The boxing champion has not commented. Fletcher told the outlets he talked to Mayweather about the issue on Wednesday.

"They're good friends," Fletcher was quoted as saying. "Suge said, 'Man, I was really going to pull for him to win, but now I'm going to have to pray for him to win.'"

With a record of 47-0, Mayweather is the favored boxer to win the showdown, dubbed the "fight of the century." 50 Cent recently said he is betting $1.6 million on him.

Mayweather could be paid up to $180 million for fighting Pacquiao, who would receive more than $100 million, Fox Sports reported in March. Whether he wins or loses, $10 million appears to be small change for Mayweather, who has flaunted his massive wealth on social media several times.

The Mayweather-Pacquiao fight takes place at the MGM Grand Hotel & Casino in Las Vegas and will live on pay-per-view on Saturday, May 2. Coverage begins at 9 p.m. ET / 6 p.m. PT and the main event is expected to start at least a couple of hours later.

(E! and NBC Los Angeles are part of the NBCUniversal family.)