Floyd Mayweather Jr. sets exhibition bout against YouTuber Logan Paul

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Why Helwani isn't convinced Mayweather vs. Paul is legit (1:18)

Ariel Helwani explains why he is not convinced the exhibition fight between Floyd Mayweather Jr. and Logan Paul is legitimate. (1:18)

Floyd Mayweather Jr. is heading back to the ring. Sort of.

The retired former boxing champion will wear gloves again Feb. 20 for an exhibition match against YouTube personality Logan Paul, Mayweather announced on his Instagram account Sunday.

According to the event's webpage, the bout will be streamed as a pay-per-view. The first 1 million buys will cost $24.99, with the price increasing after that threshold is surpassed or the date gets closer. The price jumps to $69.99 starting Feb. 11, which is roughly $5 cheaper than the price for Saturday's bout between unified welterweight champion Errol Spence Jr. and Danny Garcia.

Mayweather and Paul are no strangers to this type of event. Mayweather retired in 2017 after stopping former UFC champion Conor McGregor. The fight, which was McGregor's boxing debut, was sanctioned by the Nevada State Athletic Commission and allowed Mayweather to close his official record at 50-0 with 27 knockouts. Mayweather also fought kickboxer Tenshin Nasukawa on New Year's Eve in 2018 in an exhibition that reportedly netted him $9 million.

In November 2019, Paul fought another YouTube personality named KSI in a six-round bout sanctioned by the California State Athletic Commission and promoted by Matchroom Boxing. KSI won in a split decision.

Logan Paul is the brother of Jake Paul, who most recently knocked out former NBA player Nate Robinson on the undercard of the Mike Tyson-Roy Jones Jr. exhibition Nov. 28. Jake Paul officially has a 2-0 record with two knockouts.