charmaine deogracias has the story. >> reporter: the two fighters spoke to more than 900 reporters to publicize their may 2nd match. the price is said to be at least $200 million, a record for a boxing event. pacaccio has a record, 56 wins and five losses with 38 knockouts. the 36-year-old boxer is a hero in the philippines. >> i hope this fight is going to be not only to entertain people but to give an inspiration to all the people around the world. >> reporter: pacquiao's home island of mindanao is said to be one of the poorest parts of the country. some people here are excited about the fight. >> translator: i want to cheer pacquiao all the time. i can't do any work. >> reporter: pacquiao bought the gym where he used to train before his big fights. he made it free of charge for boys with similar backgrounds. vince is 16. he wanted to follow in pacquiao's footsteps. so he took up boxing four years ago. vince says he'll never forget something pacquiao did for his family. he asked pacquiao eight years ago to help his sick father. pacquiao paid the medical bills. he even took care of t