Canelo Alvarez and unified middleweight world champion Gennady Golovkin finalized an agreement Wednesday to square off in a rematch September 15 at T-Mobile Arena in Las Vegas.
Rafael also provided more information regarding the discussions from Wednesday involving Golden Boy and Golovkin's promoters.
Under the deal, Alvarez would get 57.5 percent of the revenue generated by the fight.
The pair's first bout last September ended in a controversial draw, with judge Adalaide Byrd's scorecard of 118-110 in favour of Alvarez widely ridiculed.
The agreement ends a wild day of negotiations in which Golden Boy Promotions CEO Oscar De La Hoya initially told ESPN there would be no fight, only to turn around a short time later and announce the fight, in fact, will take place. It generated 1.3 million pay-per-view buys and a $27 million gate, the third-biggest in boxing history, ESPN reports.
Golovkin and Alvarez were originally scheduled for a May 5 bout, but Alvarez had to pull out of the event following two positive tests for a banned substance. The Nevada State Athletic Commission suspended Alvarez for six months and Golovkin successfully defended his title against Vanes Martirosyan.