Mayweather is currently in New York for NBA All-Star Weekend, and some speculate he will officially announce the match in the coming days. There's also chatter the popular boxer could even announce it during the All-Star festivities. That would be the ultimate Mayweather move. On the other side of the spectrum, Pacquiao has signed and completed all things necessary.

"Manny has 100 percent signed his side of the deal," a source told Telegraph Sport. "It is now over to Mayweather to close deal and announce the fight."

Fans have felt toyed with when it comes to this fight and the constant back-and-forth of "will they or won't they." Pacquiao has already started training in the Philippines. Mayweather's training isn't too far behind.

The MGM Grand Garden Arena in Las Vegas will be the setting of the epic bout. Both fighters have ties to the venue, with Pacquiao having five of his past seven fights there, and Mayweather having his last ten. There are two other possible dates, but May 2 seems to be the favorite.

The revenue breakdown for each fighter is almost evenly split with Mayweather receiving 60 percent to Pacquiao's 40. Mayweather's legacy will take a big hit if he loses and tarnishes his unbeaten record of 47 wins.

No matter what, the two fighters are finally giving fans what they have been craving for years.