After about two years of waffling it appears as though the wheels may finally be in motion for a Manny Pacquiao vs. Floyd Mayweather super fight.
What it Means
The proverbial ball is now in Mayweather's court. Mayweather did a great job of putting pressure on Pacquiao to agree to the fight by booking a venue for May 5, but by agreeing to the bout with the caveat of a split of the purse, Pacquiao has effectively made the decision all Mayweather's.
It's well known that Floyd "Money" Mayweather likes to get a large cut when it comes to the purse, so Pacquiao may have accepted knowing full well that Mayweather may not agree. Mayweather also wants a guaranteed purse, which Pacquiao addressed in his statement:
Mayweather wants a guaranteed purse, so what he has to do is get a promoter who can give him the guarantee.
I don’t have problems getting a guarantee because I have a promoter who will give me my guaranteed purse. If he gets a guarantee, then we are going to share the revenue on a 50-50 basis.
Will Mayweather vs. Pacquiao happen on May 5?
The next step is naturally for Mayweather to agree to Pacquiao's proposed 50/50 split. Provided Mayweather could agree to that and still make a further stipulation for Pacquiao to agree to, I think that the two fighters could move on to signing the contract provided Mayweather is fine with a split purse.
Both fighters can obviously say whatever they want without it being legally binding, but it almost seems like they are too far along in the process now to turn back. Both Mayweather and Pacquiao have exchanged tough talk, so it Mayweather would look like a coward for backing out due to money, just like Pac-Man would have looked like a coward if he backed out because of the date.
Like Pacquiao said, Mayweather has to secure a promoter who can get him the guaranteed purse he desires, just like Bob Arum will presumably be able to do with Pacquiao. If Mayweather can get the $50 million to $60 million from this fight that Pacquiao claims he can, then you have to believe an agreement is coming soon.
In an interview with Fight Hype Mayweather said that the only person he wants to face is Pacquiao even though there are offers to fight Miguel Cotto and Saul Alvarez. He said that the only one holding fight up currently is Pacquiao, and Mayweather will have to prove that by accepting Pacquiao's offer.
Mayweather's pending 90-day jail sentence for beating his girlfriend was suspended until June 1 so the May 5 fight could take place, according to USA Today. With that in mind this may be the last chance for these two fighters to compete before it's too late. Because of that Mayweather has little choice but to accept the terms.