Terence Crawford and Errol Spence Jr. have reached an agreement to square off on July 29 at the T-Mobile Arena in Las Vegas for the undisputed welterweight championship, according to sources speaking with ESPN.

Also Read: What did Austin Reaves say about his future with Los Angeles Lakers ahead of free agency?

The most anticipated boxing match since the megafight between Floyd Mayweather and Manny Pacquiao in 2015 will take place thanks to negotiations between PBC’s Al Haymon, who represents Spence, and CAA’s Ish Hinson, who represents Crawford.

Also Read:Florida Senator issues travel advisory for ‘socialists,’ warns Florida is ‘openly hostile’ to them, draws flak on Twitter

According to sources, Crawford and Spence will each receive a guaranteed eight-figure payday for their Showtime PPV fight, and the loser has a 30-day window in which to request a bidirectional rematch. According to sources, Crawford’s contract with PBC calls for two fights. Both boxers are anticipated to move up to 154 pounds following the likely rematch between Crawford and Spence, which must occur before the end of 2023.

The likelihood of a trilogy fight increases significantly if they split the two fights. And whoever prevails is anticipated to push for a shot at Jermell Charlo’s undisputed junior middleweight title, which is currently held by Charlo. Derrick James trains Spence and Charlo in Dallas. The agreement puts an end to years of Crawford and Spence circling one another as the two best welterweights in the world without ever engaging in combat.

Also Read: Why has GAP sued Kanye West for $2 million?

But now, they’re going to face off in one of the biggest fights the sport has to offer. This fight will determine who is the best at 147 pounds and will give the victor the right to call themselves the best boxer in the world at any weight.

The advisers for each of the fighters were essential to the agreement. Longtime friends Haymon and Hinson had collaborated on Tyson Fury’s and Deontay Wilder’s second and third heavyweight championship bouts.