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Oscar De La Hoya and Manny Pacquiao make it official

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After three weeks of negotiations, Oscar De La Hoya and Manny Pacquiao made it official this morning, agreeing to fight in a 12-round nontitle bout on Dec. 6 in what’s expected to be a blockbuster pay-per-view event at the MGM Grand in Las Vegas, reports Dan Arritt.

As we mentioned here on La Plaza, the official announcement was expected in a conference call Thursday morning.

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The biggest haggling point, the share of the purse, was not announced during the call with both fighters and their promoters, De La Hoya’s Richard Schaefer of Golden Boy Promotions and Bob Arum of Top Rank.

Pacquiao, the WBC lightweight champion, was seeking 40% of the purse, while De La Hoya was offering 30%, although they apparently came to a compromise somewhere in between. The fighters will meet at the welterweight limit of 147 pounds. De La Hoya has not fought at that weight since 2001, and WBC lightweight champion Pacquaio has never fought above 135 pounds.

Read on about the upcoming match here.

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-- Deborah Bonello in Mexico City


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