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12 rounds – Welterweight division (for Mayweather’s RING, WBC, WBA and Pacquiao’s WBO titles)
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Saturday, May 2, 2015
Las Vegas (PPV, Sky Box Office)
Floyd Mayweather (C, No. 1 P4P) Jr. vs. Manny Pacquiao (No. 1, No. 3 P4P)
12 rounds – Welterweight division (for Mayweather’s RING, WBC, WBA and Pacquiao’s WBO titles)
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Mayweather vs Pacquiao Live Fight on May 2,
The world’s highest-paid athlete is headed for the biggest payday of
his career. Floyd Mayweather announced Friday night via the Shots social
sharing site that he will put his undefeated record on the line and
face off against Manny Pacquiao in the ring on May 2 from the MGM Grand
Garden Arena in Las Vegas. The tortured negotiations between the two
boxers and their respective camps have dragged on for six years, but the
sport’s biggest draws will finally clash with HBO and Showtime both
broadcasting the fight on pay-per-view. “What the world has been waiting
for has arrived,” Mayweather wrote on the Shots app in which he is an
investor.
The fight will be just the second joint PPV telecast between
Showtime, which has Mayweather (47-0) under contract, and HBO, which
counts Pacquiao (57-5-2) in its boxing stable. The fierce rivals in the
premium cable business came together in 2002 to jointly sell Mike Tyson
(Showtime fighter) versus Lennox Lewis (HBO) with HBO earning the rights
to the replay after Lewis’ knockout win. The May fight will be
co-promoted by Top Rank and Mayweather Promotions.Mayweather vs Pacquiao Live Stream
“Everyone involved, including Floyd Mayweather and Manny Pacquiao,
knows this fight simply had to happen. All of us are thrilled to be
able to deliver this event to boxing fans around the world,” said
Showtime Sports general manager Stephen Espinoza in a statement.
Espinoza credited Les Moonves, the CEO of Showtime’s parent CBS CBS
+0.29%, for the fight coming together. “He was really the catalyst for
seeing this deal through and refused to take no for an answer from any
side,” said Espinoza in a media call discussing the announcement. “This
is the biggest boxing event of all-time,” said HBO Sports president Ken
Hershman. “We look forward to May 2. It is going to be a spectacular
night for this sport and for HBO and Showtime as well.”
Mayweather, who turns 38 next week, and Pacquiao, 36, had a chance
encounter three weeks ago when both showed up at a Miami Heat home game.
They were courtside and exchanged numbers at halftime. Pacquiao said it
was the first time the two had ever met. They met privately after the
game in Pacquiao’s hotel suite. Espinoza thinks the meeting was key to
making the fight happen. “I believe that the direct line of
communication between Floyd and Manny cleared up a lot of doubts on both
of their minds and renewed their commitment to getting this fight
done,” said Espinoza.
Mayweather vs. Pacquiao will almost certainly shatter the records for
PPV buys (2.5 million for Mayweather-Oscar De La Hoya), PPV revenue
($150 million for Mayweather-Canelo Alvarez) and live gate ($20 million
for Mayweather-Alvarez). Mayweather and Pacquiao will split the purse
60/40 in Mayweather’s favor. Reports have circulated that the fighters
will earn $150 million (Mayweather) and $100 million (Pacquiao), but
those figures might be optimistic unless PPV buys go crazy. The fighters
are more likely to earn $120 million and $80 million, respectively.
The fight will mark the fifth bout in the blockbuster six-fight
contract Mayweather signed with Showtime in February 2013. He earned
$170 million for the first four fights of the deal, including his share
of PPV receipts. Mayweather’s biggest payday of his career was for his
September 2013 fight against Alvarez billed as “The One.” Mayweather
pocketed roughly $75 million with Alvarez earning $12 million in a fight
that was the top-grossing fight in boxing history with $200 million in
revenue from PPV, tickets, sponsors and international media rights. The
huge payday made Mayweather only the second athlete ever after Tiger
Woods to earn $100 million during the course of one year. Pacquiao’s
biggest purse was the $30 million he banked for his third fight against
Juan Manuel Marquez in 2011. The Ma2 fight is a one-fight deal and there
is no rematch clause in the contract.
The PPV cost for Mayweather-Pacquiao is expected to approach $100 for
the hi-def version versus the usual price of $75 for a boxing PPV event
thanks to the heavy demand. Three million PPV buys at $100 would
produce around $150 million towards the purse (cable operators keep
roughly 50% of the cost and HBO/Showtime are entitled to a small
sliver). Four million buys generates $200 million for the fighters.
There are other significant other revenue streams. The gate will top
$40 million with all of the tickets likely to be priced somewhere
between $1,000 and $4,000 at Mayweather’s home away from home, the MGM
Grand, where he has fought his previous 10 bouts (Mayweather-Alvarez
tickets cost $350 to $2,000 and sold out in a day). Expenses will also
run high, but ultimately the final purses for the fighters will be
determined by the PPV audience. Three million is certainly attainable.
If the fight can draw in casual sports fans, then four million is on the
table.
Mayweather and Pacquiao are the two biggest PPV stars of their
generation with gross PPV sales of $1.6 billion from their fights on
roughly 28 million buys. One thing working against the bout: two months
is a short promotion time for a fight of this magnitude. “The One” was
announced almost three months before Mayweather and Alvarez fought and
two fighters engaged in a cross-country promotional tour.
Online sports book Bovada has had a betting line on
Mayweather-Pacquiao for more than a one month with the caveat it must
take place May 2 or May 3. Bettors are currently required to put up $285
on the favored Mayweather to win $100 ($100 on Pacquiao nets $225). The
money angle of this fight will be almost as big a storyline as what
happens in the ring. To that end, you can bet on the over/under of the
PPV audience at Bovada with the current benchmark at 3.15 million buys.
Many details of the fight still need to be fleshed out like the
announcing teams (HBO’s Jim Lampley and Showtime’s Al Bernstein are the
favorites), ticket pricing (it will be high), PPV pricing, promotional
shows (All Access vs. 24/7) and the replay rights to the fight, but the
fight contracts are signed and sealed. The Mayweather-Pacquiao bout is
taking place five years too late for some, but it still promises to be
the richest fight in the history of boxing and will go a long way
towards determining who was the greatest fighter of the era
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