Mayweather vs. Pacquiao
In this March 11, 2015, file photo, boxers Floyd Mayweather Jr., left, and Manny Pacquiao, of the Philippines, pose for photos after a news conference in Los Angeles. The two are scheduled to fight in Las Vegas on May 2.
(AP)
The contract dispute between promoters for the May 2 Floyd Mayweather vs. Manny Pacquiao super fight has been resolved and tickets are finally set to go on sale, according to a report Wednesday by Yahoo Sports.
Bob Arum, chairman of Top Rank Boxing and Pacquiao's promoter, had refused to sign the contract after being presented with it by Mayweather's camp last week, but has apparently now done so. CBS Corporation CEO Les Moonves (whose company also owns Showtime, which will co-produce the fight for pay-per-view along with HBO) reportedly helped resolve the dispute via a conference call.
Tickets for the welterweight championship fight at Las Vegas' MGM Grand Garden Arena were set to go on sale on the MGM Grand website Wednesday afternoon, at prices ranging from $1,500 to $7,500. However, tickets are expected to fetch mid-five-figures on the secondary market.
The fight will also be available on a pay-per-view basis for $99.95. Mayweather and Pacquiao are expected to split a $300 million purse, with Mayweather receiving 60 percent.