Manny Pacquiao will face Chris Algieri on Nov. 22 for Pacquiao's welterweight world title after the two sides settled on a deal Tuesday, reports ESPN.com. The bout will air on pay-per-view live from the Cotai Arena in Macau, China.
According to ESPN.com, Algieri (20-0, 8 KOs) will earn a career-high payday of more than $1 million for the bout against Pacquiao (56-5-2, 38 KOs).
"We had a marathon lunch. We started out meeting in the morning, then went and had a long lunch together, came back to the office and finished it up," Joe DeGuardia, one of Algierei's co-promoters said. "I called [Top Rank promoter] Bob Arum to tell me we have a deal on our end ... We were able to sit down and go through everything Chris wanted to go over and put everything together. He's gonna beat Pacquiao."
Algieri has been slowly moving up the ranks and will now face the biggest fight of his career.
"He's very happy. He's happy for the opportunity," DeGuardia said of Algieri. "He looks as Manny as an elite of the game. He wants to climb another mountain. If he wins this fight, you have the start of another era."
- Josh Sanchez