on february 20, mayweather announced that the fight was official and a contract had been signed for a fight to take place on may 2, 2015, at the mgm grand in las vegas. the fight was expected to shatter ppv buy records and gross millions of dollars with the ticket prices ranging from $3,500 to $250,000 and the ppv was expected to cost usd 89.95 for sd and usd 99.95 for hd. boxing experts predicted the match would be the richest fight in boxing history and would generate $300 million.