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Arum says the Pacquiao has agreed to his the deal, as have Mayweather's "representatives." The way Arum frames it, all that's left is for Mayweather himself to agree to the deal.
Iole reports that Pacquiao has agreed to a 60-40 revenue split where Mayweather would made an estimated $120 million and Pacquiao $80 million.
The two sides have been unable to make the fight happen for the better part of a decade, with multiple attempts to come to terms falling through over disagreements on drug testing procedures and revenue splits.
When asked whether he was trying to force Mayweather's hand by announcing that Pacquiao has agreed to the fight, Arum told Iole, "I'm not trying to force anybody's hand, I'm just saying, 'Hey, we've agreed to everything, period.' 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.'"
The fight won't be as huge as it would have been a few years ago. Mayweather is now 37. Pacquiao, 36, has lost two of his last five fights after not losing a single bout from 2005 to 2011. History has taught us that any word of an Mayweather-Pacquiao fight being imminent should be taken with a grain of salt.
It'd still be the most lucrative fight in boxing history if it generates $200 million.