Finally...the sports world has what it has been waiting for.

After more than five years of waiting, Floyd Mayweather Jr. and Manny Pacquiao have finally agreed to terms to deliver arguably the most-anticipated boxing bout of all time. The two best boxers of this generation will fight May 2 to unify their welterweight world titles at the MGM Grand in Las Vegas.

On Friday, Mayweather took to social media platform Shots, of which he is an investor, to announce the breaking news. 

"What the world has been waiting for has arrived. Mayweather vs. Pacquiao on May 2, 2015, is a done deal," Mayweather wrote with a picture of the contract signed by both boxers. "I promised the fans we would get this done, and we did. We will make history on May 2nd. Don't miss it! This is the signed contract from both fighters."

Although the financial terms of the mega bout haven't been disclosed just yet, it figures to be the most lucrative boxing match of all time and will finally resolve who the best fighter of this generation truly is. ESPN reports that additional contracts were also inked by HBO, which reps Pacquiao, and Showtime, who Mayweather is signed to. The two broadcasters will collaborate on this historic, joint pay-per-view cash cow.

A month ago today, Pacquiao tweeted: "I can easily beat @FloydMayweather, I believe that." Pacman will have a chance to back up his words on May 2.

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(Photos from Left: McKenna Ewen/The Washington Post via Getty Images, Jeoffrey Maitem/Getty Images)