It was on, then it was off, now it’s on again.

We think.

Word is Manny Pacquiao has accepted the contractual terms, and will glove up against Ricky Hatton on May 2 in Las Vegas.
Pacquiao (48-3) has accepted a $12 million dollar guarantee, and he will enjoy a 52-48 edge when the PPV monies are divvied up, according to Philboxing.com. PacMan has wanted a 60-40 split, and played hardball, as he let a deadline to return a signed contract to his promoter Bob Arum pass.

This spurred a salvo from Richard Schaefer of Golden Boy, which reps Hatton (45-1). He tried to spur Pacquiao by suggesting Hatton might take on De La Hoya instead. That seems to have worked.