It's on! Floyd Mayweather will fight Manny Pacquiao on May 2

For more than five years fight fans have screamed for a meeting between the two best fighters in the world, and after various failed negotiations and teases — Manny Pacquiao and Floyd Mayweather Jr. have agreed to get it on May 2 to unify the fighters' welterweight world titles at the MGM Grand in Las Vegas.

After what seemed like the most intense speculation of any sporting event in history, Pacquiao (57-5-2) and Mayweather (47-0) have finally agreed to put it all on the line in Las Vegas for an estimated purse of $250 million (60/40 in Mayweather’s favor because that was the only way he’d agree to the fight.)

Mayweather made the announcement on Friday afternoon on a social media venue called  “Shots.”, where he wrote:

"What the world has been waiting for has arrived. Mayweather vs. Pacquiao on May 2, 2015, is a done deal.”

"I promised the fans we would get this done, and we did," he added, posting a picture of a signed contract.

       
The May Day Pay Day is a lock to be the richest in boxing history and will, barring a draw, settle the issue that has been debated for years: Who is the No. 1 fighter in boxing?

'The May Day Pay Day' - How the world reacted to the announcement of #MayweatherPacquiao http://t.co/YdjwL0fSkP pic.twitter.com/wEsXSgxcNH
— BBC Sport (@BBCSport) February 21, 2015