pacquiao vs mayweather
*Lord have mercy. Finally, finally it’s about to be on.

On Friday after years of delay, Floyd Mayweather confirms that he has agreed to fight Manny Pacquiao in a welterweight bout May 2 at the MGM Grand Garden in Las Vegas, according to Yahoo Sports.

“I am very happy that Floyd Mayweather and I can give the fans the fight they have wanted for so many years,” said Pacquiao, who signed the contract for the bout Thursday. “They have waited long enough and they deserve it. It is an honor to be part of this historic event. I dedicate this fight to all the fans who willed this fight to happen and, as always, to bring glory to the Philippines and my fellow Filipinos around the world.”

The fight is shaping up to be the biggest money making fight in history. We’re talking record setting that includes purse size, live paid gate and pay-per-view sales. The cost of the pay-per-view has yet to be determined and won’t be until there are deals with the distributors.

Formal details on the agreement have yet to be announced, but it’s expected that Mayweather will have a 60-40 split advantage on revenues, with Mayweather making at least $120 million and Pacquiao $80 million.

It’s a fight the public has been calling for since late 2009 and puts the two best boxers of their generation in a ring against each other.

For MORE, check out Yahoo Sports.