Manny Pacquaio and Floyd Mayweather, Jr. have purportedly agreed to all of the major terms of a deal to fight each other on March 13, with an announcement coming as soon as Tuesday.  Top Rank is promoting the fight which may turn out to be one of the highest grossing fights on record.  For Bob Arum and Top Rank’s sake, it better be.

Each fighter will earn $20 million for the fight, with the possibility of earning as much as $40 million, depending on the pay-per-view returns.  Interest in staging the fight has come from  Las Vegas, Dallas and New Orleans.  Las Vegas was originally thought to be the site, as the MGM Grand has hosted several fights for both fighters, but there has been interest in placing the fight in new Cowboys Stadium, which I’m sure intrigues Arum. 

This could be Paquaio’s last fight for some time as he will be returning to the Phillipines following the fight to run for Congress.  That race, if successful, is preparatory, many believe, to a run for the President.  With his popularity and charisma, he will make a formidable politician.