The fight people have been waiting for since 2009 seems to be set to go.
While Floyd Mayweather has not yet agreed to the deal himself but Manny Pacquiao does in fact agree to the terms set by Mayweather’s camp.
According to reports, it looks like Manny Pacquiao and Floyd Mayweather will be squaring off on Mayweather’s favorite fight weekend, Cinco De Mayo weekend.
More from Yahoo! Sports Kevin Iole:
Promoter Bob Arum told Yahoo Sports on Tuesday that Manny Pacquiao has agreed to terms for a May 2 bout with Floyd Mayweather, and that the only thing in the way of the long-awaited fight occurring is Mayweather’s approval.
Arum said Mayweather’s representatives have also agreed to the deal but have not been able to get Mayweather’s agreement. However, there is no verification from anyone representing Mayweather whether Arum’s side is accurate.
On Friday, the Los Angeles Times reported that progress was being made on making the match a reality. Multiple sources told Yahoo Sports over the weekend that a deal for the two superstars to fight at the MGM Grand Garden was imminent.
More on the exact details of how the purse will be split and some other financial details.
The sources told Yahoo Sports that not only have the sides agreed for the fight to be May 2 at the MGM, but also on a 60/40 purse split that would favor Mayweather. Mayweather could make in the range of $120 million. An MGM spokesman told Yahoo Sports that there was no deal for the fight to be held at the Grand Garden as far as he is aware.
In order to pay the astronomical salaries the fighters will command, ticket prices will be scaled at an all-time high. The top ticket at the MGM Grand Garden is expected to go for $5,000 so that the arena can be scaled to produce a $40 million live gate.
WBC/WBA welterweight champion Floyd Mayweather has not yet agreed to a fight with Manny Pacquiao.
A $40 million live gate would be virtually double the existing record gate of $20,003,150, which was set at the MGM in 2013 by Mayweather and Canelo Alvarez.
Mayweather may not have agreed to it, but this is for sure a step in the right direction.
