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Pacquiao agrees to terms for Mayweather fight on May 2

Manny Pacquiao has reportedly agreed to full terms to fight Floyd Mayweather, with Mayweather's team also agreeing to the terms set at the moment.

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Scott Christ is the managing editor of Bad Left Hook and has been covering boxing for SB Nation since 2006.

According to a report at Yahoo! Sports, Manny Pacquiao has agreed to terms for a May 2 fight with Floyd Mayweather at the MGM Grand in Las Vegas, including the split of the purse, drug testing protocol, and, well, everything. The report comes from Top Rank promoter Bob Arum, who says that Mayweather's representatives have also agreed to the terms of the fight, but that Mayweather himself has not yet done so.

The sources told Yahoo Sports that not only have the sides agreed for the fight to be May 2 at the MGM, but also on a 60/40 purse split that would favor Mayweather. Mayweather could make in the range of $120 million. An MGM spokesman told Yahoo Sports that there was no deal for the fight to be held at the Grand Garden as far as he is aware.

In order to pay the astronomical salaries the fighters will command, ticket prices will be scaled at an all-time high. The top ticket at the MGM Grand Garden is expected to go for $5,000 so that the arena can be scaled to produce a $40 million live gate.

Folks, we're here. The fight is closer to a reality than it ever has been before. One side is reportedly set, and the other just needs a final OK from Floyd himself. For all the world, it appears to be finally coming our way.

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