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Hatton, Pacquiao headed for May 2 bout

Updated: January 23, 2009, 8:55 PM ET
By Dan Rafael | ESPN.com

LOS ANGELES -- In a dramatic reversal of his position, pound-for-pound king Manny Pacquiao on Thursday night agreed to terms to face junior welterweight champion Ricky Hatton, Top Rank promoter Bob Arum told ESPN.com.

A day after the fight supposedly dissolved because Pacquiao had not signed the contract for the May 2 super fight by Hatton's prescribed deadline -- causing Golden Boy CEO Richard Schaefer to declare the fight dead and to cancel a media tour planned for next week -- Pacquiao ...

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