After way too much “he said, she said” and far too many “it’s on, it’s offs,” Manny Pacquiao has apparently folded and given in to Ricky Hatton’s very generous offer of a 52-48 split in Pacquiao’s favor.

According to Dong Secuya at PhilBoxing.com, Pacquiao agreed to the fight after his adviser, Rex “Wakee” Salud drank three beers.

As the story goes:

Over 3 bottles of beer, Pacquiao, whose playful antics would create joy and difficulty in his inner circle and this time reverberated into the boxing world by playing hard to get in the negotiation table, told Salud, who does not drink, that he would accept the contract only if Salud will down three bottles of beer. Salud, who had been trying to convince Pacquiao for days to sign the contract, was forced to drink this time around in order for the deal to be consummated.

As a fan, I want this fight to happen, but based on the selfish way that Pacquiao has acted in the last week, I want Hatton to come back with 50-50 or nothing.

At this point, it’s clear that Pacquiao knows he has no other options, and just like that, Hatton has hand.

Regardless of how the negotiations go, if these two meet in the ring on May 2, it will be a treat for boxing fans.

UPDATE: As far as I can tell, it really is back on. Pacquiao has actually spoken with Bob Arum and told him it’s a go. I’ll have more opinion on this as we find out more details.