Philippines sports legend Manny Pacquiao

Philippines sports legend Manny Pacquiao

MANILA (Mabuhay) — The megafight between Manny Pacquiao and Floyd Mayweather took one step closer to coming to fruition after the Filipino fight icon agreed to the terms set by the camp of the unbeaten American champion.

Pacquiao’s promoter Bob Arum told Yahoo Sports that Pacquiao has agreed to terms for the fight, which is scheduled on May 2 at the MGM Grand Arena in Las Vegas, Nevada.

The Top Rank promoter also said that representatives of Mayweather has also agreed to the deal, but have not yet gotten the fighter’s agreement.

According to Yahoo sources, the two sides have agreed on a 60/40 split in favor of the American, with estimates that Mayweather could make about $120 million, leaving Pacquiao with some $80 million. (MNS)