The mega-fight boxing fans have been craving is finally going to happen. TMZ reports that Manny Pacquiao and Floyd Mayweather Jr. have come to terms on what will be the highest grossing fight in boxing history.
The two sides had been negotiating, but seemed to reach a snag because of Mayweather's disdain for Bob Arum, Pacquiao's promoter.
Things kicked back into high gear when the two fighters met face-to-face for the first time earlier this week in Miami at a Heat game. They exchanged phone numbers and reportedly met in private after the game.
All the particulars have been agreed to. The fighters will sign the paperwork soon. The bout will take place May 2 in Las Vegas. The weight limit will most likely be 147 pounds. Pacquiao (57-5-2, 38 KOs) holds the WBO Welterweight belt. Mayweather has an undefeated record of (47-0, 26 KOs). He currently holds the WBC, WBA and The Ring Welterweight titles.
**UPDATE** February 1
The Floyd Mayweather Jr./Manny Pacquiao could still happen on May 2, but as of now the deal isn't done, despite a TMZ report to the contrary.
Floyd took to his Shots account on Saturday, January 31, to shoot down the report.
Laying back, relaxing, enjoying good weather, palm trees, and piña coladas. While they continue to lie about making the fight... I'm just going to continue to travel and explore the world on my private jet. #FightNotMadeYet
While a lot of issues have been agreed upon, Yahoo Sports reports that negotiations between the two major cable networks that have exclusive rights with both fighters have reach an impasse.
Mayweather has a contract with Showtime. Pacquiao's deal is with HBO. Both networks want the rights to air the fight replay.
Promotional aspects of the deal also need to be worked out. Don't expect an official agreement to be reached until later this week at the earliest. That's if the two sides can overcome these latest hurdles.
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