Pacquiao, Mayweather Closing In On Mega Fight

The much anticipated Manny Pacquiao-Floyd Mayweather mega boxing match may happen after all.

Pacquiao has agreed to terms for a mega May 2 pay-per-view boxing match against Mayweather, Pacquiao promoter Bob Arum told the Tuesday.

Arum told the website that Mayweather’s representatives have also agreed to a May fight, but Mayweather has yet to sign off on the deal.

Mayweather recently stated during a Showtime interview last month that he wanted the fight to happen. “We are ready. Let's make it happen. May 2. Mayweather versus Manny Pacquiao. Let's do it," he said during the Dec. 12 interview.

The report marks the closest the two fighters have come to making the mega fight. Negotiations for the fight have been marred over the years by disputes over blood sampling issues, purse splits and bad blood between the two fighters.

If the fight happens, many observers believe it will be the most lucrative pay-per-view boxing match in history. The two fighters are arguably the biggest names in the fight game, and their fights have generated the most PPV buys and revenue over the past decade.

Mayweather’s Sept. 2013 fight against Canelo Alverez is the most lucrative PPV event in history, generating more than $150 million.

The fight would most likely be co-promoted by HBO -- which has Pacquiao under contract -- and Showtime, which has two fights left on a six-fight TV deal with Mayweather. The two companies reportedly are talking about a potential deal, according to

Of course Mayweather and Pacquiao have been down this road before, and most boxing fans won’t believe the fight will happen until the two fighters actually step into the ring. Let’s see what transpires over the next few weeks.

R. Thomas Umstead

R. Thomas Umstead serves as senior content producer, programming for Multichannel News, Broadcasting + Cable and Next TV. During his more than 30-year career as a print and online journalist, Umstead has written articles on a variety of subjects ranging from TV technology, marketing and sports production to content distribution and development. He has provided expert commentary on television issues and trends for such TV, print, radio and streaming outlets as Fox News, CNBC, the Today show, USA Today, The New York Times and National Public Radio. Umstead has also filmed, produced and edited more than 100 original video interviews, profiles and news reports featuring key cable television executives as well as entertainers and celebrity personalities.