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Mayweather, who has won multiple belts as a boxer and is 49-0, has not fought since September 2015.
The two fighters had gone back and forth for almost a year on the showdown, each demanding $100 million for the fight.
Mayweather said that a confidentiality clause is in place and that the financial purses of the fighters will not be disclosed.
"I'm pretty confident (about McGregor's UFC return)", White told FOX Sports. The 12-round match is slated for 154 pounds, or boxing's super welterweight division.
Stephen Espinoza, the head of Showtime Sports, who will air the money spinning fight, said, "This is really an unprecedented event".
"It's interesting. I'm not saying McGregor is going to win". The current odds mean that you would have to bet $800 on Mayweather just to get $100 in profit if you win.
"It's two different sports trying to be one sport", said boxing great Leonard. The two men will meet at the light-middleweight limit of 154 pounds, which bodes well for McGregor, who is now the UFC's 155-pound champion.
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"If I'm honest I believe Mayweather will beat him but I'd love McGregor to knock him out..."
A win for Mayweather would move him ahead of former heavyweight great Rocky Marciano, who also retired with a flawless 49-0 career record.
McGregor has fought everyone White has put in front of him.
"It's a very good opportunity to show an MMA fighter is a well-rounded fighter, they can win in MMA fights, and also in boxing", Li said through a translator.
"This is an unprecedented event".
Number of amateur and professional boxing bouts McGregor has been involved in.
This post was syndicated from BusinessDay: News you can trust.
The two fighters are expected to do a press tour shortly before going into final training for the fight.
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