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article imageMayweather: Pacquiao fight signed for May 2 on Showtime and HBO

By Marcus Hondro     Feb 20, 2015 in World
What is certain to be the richest fight in boxing history was announced Friday on social media by one of the two combatants. On the social media site 'Shots' Floyd Mayweather said he and Manny Pacquiao are ready to rumble on May 2 in Las Vegas.
Superfight contract signed
Rumors of the fight happening, not happening and happening again have been in the media since the New Year, even since 2009. The two fighters met two weeks ago at halftime of a Miami Heat basketball game in Miami and later at Pacquiao's hotel room but no contract was announced in the days following.
But it's here now: "I promised the fans we would get this done, and we did,” Mayweather wrote on Friday, Feb. 20. He put up an image of the fight contract, with both signatures, on social media.
Pacquiao got into the act soon afterwards, issuing the following statement: “I am very happy that Floyd Mayweather and I can give the fans the fight they have wanted for so many years. They have waited long enough, and they deserve it.”
The Filipino boxer is currently in his home country but will soon be in L.A. to begin preparing with his legendary trainer, Freddie Roach.
Details of Mayweather v. Pacquiao
The details have come out piecemeal during the negotiations. The purse is in the $250 million range, with Money Mayweather, the pay-per-view king, getting the bigger end of a 60-40 split. The lucrative job of broadcasting the fight will be shared by Showtime, who Mayweather is signed with, and HBO, who has Pacquiao under contract.
It will take place at the MGM Grand Garden Arena, the veritable home for Mayweather, who lives in Las Vegas; his last 10 fights have been there. Pacquiao also had numerous fights at the Grand, with five of his last seven at the venue. Drug testing and other details have also been worked out and there will be two fights on the undercard. It's not yet been announced who will be announcing the fight.
There were huge, highly-inflated prices to negotiate and a great complexity to iron out and time was needed to create the contract. Stephen Espinoza, the general manager at Showtime Sport, told media today that there was lots of “blood, sweat, and tears along the way.”
For both of these great competitors the title of the greatest pound for pound boxer of their generation is up for grabs and each wants it badly. Pacquiao, 36, the only fighter to have held championships in eight different divisions, will enter the ring with a record of 57-5-2. Mayweather, who turns 38 next Tuesday, takes an unbeaten record into the fight and sits at 47-0.
There were reports of a clause built into the contract should Mayweather lose but Pacquiao said there is not. He said the focus is on May 2.
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