From the LA Times, and it's good news indeed:
A day after negotiations appeared to be crumbling, Manny Pacquiao's promoter, Bob Arum, just told me that Pacquiao's advisors are now "on board" with a 50-50 purse split with Ricky Hatton, and he expects that, "by tomorrow, I'll have a signed contract.""There was a lot of confusion about why we did 50-50, but everyone now understands why this is a good deal," Arum said. "This thing is going to happen. Yesterday was disarray. Today, everything's back in order."
Thank the heavens that Team Pacquiao came back around and has agreed to the 50-50 split, which Arum seems to have convinced them is a good deal. Of course it's a good deal. This fight is going to make a ton of money.