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Manny Pacquiao’s signed contract now in Bob Arum’s hands

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Bob Arum called The Times this morning to say that Manny Pacquiao has delivered a signed contract agreeing to fight Ricky Hatton May 2 at the MGM Grand in Las Vegas, ending turbulent negotiations that had Hatton effectively calling off the fight as recently as Wednesday.

Arum confirmed Pacquiao will receive 52% of the purse, with $12 million guaranteed and more possible based on pay-per-view sales.

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We’ll have more on this story throughout the day on The Fabulous Forum and latimes.com/sports.

-- Lance Pugmire

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