Manny Pacquiao agrees to fight Floyd Mayweather

Manny Pacquiao trains during a workout session at The Venetian Macao, Nov. 20, 2014.
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Manny Pacquiao trains during a workout session at The Venetian Macao, Nov. 20, 2014.

Boxing fans a long awaited Mayweather-Pacquiao is getting closer to happening. Yahoo Sports reported that Manny Pacquiao has agreed to terms for a May 2 match with Floyd Mayweather, according to promoter Bob Arum, in what would be an historic fight between the world's top boxers.

Now it's up to Mayweather to approve of the deal.

"I want to get some movement here, with bringing Mayweather to the table so we can go out and get everything signed and get the networks together and get the thing finished," Arum told Yahoo Sports on Tuesday.

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Sources told Yahoo Sports that the May 2 fight could take place at the MGM with a 60/40 purse split to favor Mayweather, who could potentially make $120 million. However, an MGM spokesman told Yahoo Sports no deal has been made at the Grand Garden thus far.

"I'm not trying to force anybody's hand, I'm just saying, 'Hey, we've agreed to everything, period,' " Arum told Yahoo Sports. "The people we have talked to on Mayweather's side have agreed to everything. Now we need Mayweather to step up and say, 'Yeah, I'm on board. I agree.'"

Read the coverage at Yahoo Sports.