The conditions of the deal will not be announced until a conference call on Thursday. Both sides stalled negotiations throughout the summer, but the conversation was revived recently and a reasonable solution was found to split the estimated $100 million revenue from this fight. This is boxing’s most lucrative bout since De La Hoya’s split-decision loss to Floyd Mayweather Jr. last year.

Both boxers will make sacrifices to make this fight a reality. They will have to make the 147-pound limit, which means De La Hoya will be dropping down to the welterweight class for the first time in eight years and Pacquiao will have to bulk up to the heaviest weight of his career.