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For more than five years sports fans have clamored for a summit meeting between the two best fighters in the world, and after various failed negotiations — and a protracted and difficult effort to make the fight in recent months — they will get it on May 2 to unify the fighters’ welterweight world titles at the MGM Grand in Las Vegas.

The showdown is a lock to be the richest in boxing history and will, barring a draw, settle the issue that has been debated for years: Who is the No. 1 fighter in boxing and who is the king of this era?

“I am glad my decision to meet with Manny and discuss making this fight happen helped get the deal done,” Mayweather said, referring to a chance Jan. 27 meeting with Pacquiao at a Miami Heat game followed by a private discussion after the game. “Giving the fans what they want to see is always my main focus. This will be the biggest event in the history of the sport.”