Light heavyweight champion Jean Pascal has come to terms with promoter Yvon Michel, paving the way for Pascal's May 21 HBO-televised rematch with former champ Bernard Hopkins. Hopkins promoter Richard Schaefer of Golden Boy and Michel are still talking about sites -- likely in Montreal or Quebec City, site of the first fight on Dec. 18 -- but the fight is on. Michel told ESPN.com that they hope to have the site settled next week. Schaefer won a purse bid for the fight last week, bidding $1,911,500 to beat Michel's bid of $1,752,000. The fight went to a purse bid because Michel and Pascal could not reach an agreement before the WBC's bid deadline. Under the bid rules, Pascal is due 55 percent ($1,051,325) with Hopkins due 45 percent ($860,175). However, both fighters have agreements with their promoters that will pay them substantially more than the figure due based on the purse bid because the fight will generate far more than the amount of bid. Schaefer and Hopkins came to an agreement long before the bid. Now, finally, Pascal and Michel have reached one. Read more: http://sports.espn.go.com/sports/boxing/news/story?id=6156099
