The long anticipated bout at the MGM Grand in Las Vegas will almost surely break every financial record, and make both boxers richer than ever. Mayweather could earn $120 million or more, while Pacquiao's split of the purse will likely be around $80 million.

The fight, which matches boxing's two biggest attractions of recent years, has been in the making for five years. It finally came together in recent months with both fighters putting aside past differences over various issues — including drug testing and television rights — to reach agreement.

Pacquiao was sleeping in the Philippines when the fight was announced, but his camp issued a statement saying the fans deserve the long awaited fight.

"It is an honor to be part of this historic event," Pacquiao said. "I dedicate this fight to all the fans who willed this fight to happen and, as always, to bring glory to the Philippines and my fellow Filipinos around the world."Philstar

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