Tuesday January 13, 2015- On Tuesday Promoter Bob Arum told Yahoo Sports that Manny Pacquiao and Floyd Mayweather have agreed to terms for a May 2 bout. The only thing in the way of the long-awaited fight is Mayweather’s approval.
Mayweather’s representatives have also agreed to the deal but they still haven’t 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 this match a reality for the fans. Multiple sources told Yahoo Sports over the weekend that a deal for the two Boxers to fight at the MGM Grand Garden was going to happen.
Not only have they agreed for the fight to be held on May 2 at the MGM, the sources also told Yahoo Sports that they also agreed on a 60/40 purse split that would favor Mayweather.
Now Mayweather could make $120 million for this fight. The top ticket is expected to be as high as $5,000 at the MGM Grand Garden so that way the arena can make a $40 million live gate.
Arum told Yahoo Sports Tuesday:
“I want to get some movement here, with bringing Mayweather to the table so we can go out and get everything signed and get the networks together and get the thing finished.”
“The point is that I don’t want what happened the other times to happen again,” Arum said. “I want this fight to actually happen. I want everybody to make a lot of money on the fight. I want the public to be satisfied. And I think it will be a terrific event. That’s what I want, and I’ve done everything in my power to make that happen.
“I think Manny has been very reasonable and demonstrated that he wants the fight to happen. Now, we’re waiting on Floyd. That’s not to say that Floyd has been obstinate, that Floyd won’t do it, but we’re waiting on him.”
Mayweather has a contract with Showtime and Pacquiao is obligated to HBO. It’s not clear to which network will broadcast the fight, but it’s expected that both will be involved.