sweet.

LOS ANGELES -- In a dramatic reversal of his position, pound-for-pound king Manny Pacquiao on Thursday night agreed to terms to face junior welterweight champion Ricky Hatton, Top Rank promoter Bob Arum told ESPN.com.

 

A day after the fight supposedly dissolved because Pacquiao had not signed the contract for the May 2 super fight by Hatton's prescribed deadline -- causing Golden Boy CEO Richard Schaefer to declare the fight dead and to cancel a media tour planned for next week -- Pacquiao had a change of heart, Arum said. The fight would take place at the MGM Grand in Las Vegas. "Manny has assured me that he has signed the contract and was going to announce it to the Filipino press," Arum said. Pacquiao's $12 million guaranteed purse -- $1 million more than he was guaranteed when he defeated Oscar De La Hoya on Dec. 6 -- probably had a lot to do with it. "I think everyone [on Pacquiao's negotiating team] finally came to the realization of where we are in the world and where this economy is," Arum said.

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Arum and Schaefer had originally agreed to a 50-50 deal in mid-December, but Pacquiao demanded the lion's share. Hatton (45-1, 32 KOs) budged, agreeing to a 52-48 split in Pacquiao's favor, but it wasn't enough for Pacquiao, who wanted at least 55 percent. In the end, Pacquiao (48-3-2, 36 KOs) accepted the 52-48 split with a tweak to another part of the agreement, Arum said...

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 http://sports.espn.go.com/sports/boxing/news/story?id=3854403