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Source: abs-cbnnews.com

-- Seven-time world champion Manny Pacquiao will reportedly split 50-50 the revenues from his proposed fight against former pound-for-pound king Floyd Mayweather Jr., according to a report by ESPN.com.

ESPN.com’s Dan Rafael cited a source as saying both the Pacquiao and Mayweather camps agreed to an equal split of the money to be generated by the fight tentatively set for March 13 next year.

“Many experts expect the fight to eclipse the all-time pay-per-view record for sales, which is the 2.44 million buys generated by Mayweather's 2007 victory against Oscar de La Hoya,” Rafael said in his report.

The De la Hoya-Mayweather fight earned around $120 million from pay-per-view buys. De la Hoya, whom Pacquiao demolished in 9 rounds, ended up earning $52 million while Mayweather got away with the win and $25 million.

Speculations arose that Pacquiao could earn up to $30 million from the Mayweather fight.

Other details

The source cited by Rafael also said that the fighters agreed to battle at the weight limit of 147 pounds for Pacquiao's World Boxing Organization (WBO) welterweight title, which the Filipino won from Puerto Rico’s Miguel Cotto last November.

Both boxers will reportedly wear 8-ounce gloves. They, however, have the option to choose the brand of gloves they want to wear.
The mega-bout will also be referred as “Mayweather-Pacquiao” for promotional purposes.

However, Pacquiao’s promoter, Top Rank, gets the first billing over Golden Boy, which represents Mayweather.

The March 13 fight date, instead of May 1, also forced top Rank and Golden Boy to limit the promotion to a single press conference in New York instead of a full-scale media tour.

Pacquiao is eyeing a congressional seat in Sarangani province in the May 10, 2010 elections. A May 1 fight is just not feasible for his political campaign.

Where to fight?

Major US cities have also expressed interest in hosting the Pacquiao-Mayweather fight, according to Sports Illustrated (SI.com)

SI.com’s Chris Mannix reported that Las Vegas has proposed constructing a 30,000-seat outdoor stadium on Las Vegas Boulevard to accommodate the expected demand.

Also lobbying to host the fight are Los Angeles officials for the Staples Center, and New York officials for the new Yankee Stadium.

Dallas Cowboys owner Jerry Jones has also proposed to Arum the holding of the match in his newly erected $1.3 billion-Cowboy Stadium.

James Carville, political strategist of former US President Bill Clinton, suggested having the fight at the Superdome in New Orleans.