Pacquiao vs. Mayweather: It’s happening

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Floyd "Money" Mayweather Jr. and Manny "Pac-Man" Pacquiao at basketball game before the announcement. Image / Getty.

Two of the best pound-for-pound fighters of their generation are finally going to face off.

Floyd Mayweather Jr. and Manny Pacquiao have inked a deal for a showdown.

The two welterweight boxers have agreed to terms for the bout, scheduled to commence May 2 2015 at the MGM Grand Garden Arena in Las Vegas. 

There has been huge public interest in the fight for years and negotiations have failed several times. Mayweather finally agreed to the fight for an alleged 60-40 split of the US$250 million payday.

The showdown could be the highest grossing fight in history with a predicted gross around $400 million. Tickets and every room at the MGM Grand sold out within three minutes of the fight’s announcement.

Mayweather also secured the rights to announce the fight. He posted the contract, and said: “What the world has been waiting for has arrived. Mayweather vs. Pacquiao on May 2, 2015, is a done deal. I promised the fans we would get this done, and we did. We will make history on May 2nd. Don’t miss it! This is the signed contract from both fighters.”

Contract signed by Mayweather and Pacquiao.  Image / Mayweather.
Contract signed by Mayweather and Pacquiao. Image / Mayweather.

Mayweather also demanded top name billing, second introduction and walk into the ring.

Three titles will be on the line with Pacquiao the current WBO champion he has a record of 64 for 5. Mayweather holds the WBA and WBC welterweight world championship titles and a 47 for 0 professional record.