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It's official: Manny Pacquiao vs. Floyd Mayweather will happen

Manny Pacquiao vs. Floyd Mayweather is official. Both parties have been negotiating for a couple of months and the announcment was made today that the fight will take place on May 2nd at the MGM Grand Garden Arena in Las Vegas.

Promoters are looking at increasing ticket prices for the show and are looking at a $40 million gate. That would shatter all gate records. They are also expecting to do 3 million pay-per-view buys at the $100 price range. Yes, that's a significant increase but for a fight as big as this I am sure people that want to see the fight will find a way to watch it live.

The announcement came from Mayweather on the social media platform called "Shots." The contract stipulated that Floyd would be the one to make the announcement. The fight will be co-promoted by HBO and Showtime.

We don't cover boxing here but we had to make an exception for what will be the biggest money combat sports event of all-time.

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