David Higgins, promoter for WBO heavyweight world champion Joseph Parker (24-0, 18 KOs), is going over the final details to finalize a unification deal for a March 31 showdown with IBF, IBO, WBA champion Anthony Joshua (20-0, 20 KOs).
Cardiff's Principality Stadium is the frontrunner to host event. Joshua drew 78,000 fans to the venue back in October, when he stopped IBF mandatory challenger Carlos Takam in the tenth round.
Higgins received a copy of the contract and went through the document with his legal advisers.
Things are going very smoothly at the moment and both sides anticipate a deal to get reached.
"It's all been pretty cordial. We raised contractual points we felt needed addressing," Higgins said to Stuff.
Higgins is expecting to receive a fresh contract from Hearn in the next day or so as they two sides finalize the remaining details of the deal.
For weeks, the two sides were at odds over the revenue split between the two champions.
The discussions began with talk of a 50-50 split, before Parker's side went down to a 60-40 split and then went down even lower to a 65-35 in Joshua's favor.
Joshua was still gunning for a bigger percentage and a deal appeared to be unlikely.
But last weeks they a breakthrough, when an agreement was reached on the revenue - which both agreed was the biggest obstacle in making the fight a reality.
The exact terms are unknown, but Parker will receive between 30-35% while Joshua will land somewhere in the realm of 65-70%. The real kicker for Parker are the terms of the rematch clause. If Parker wins the March bout, he would be bound a higher piece of the pie - with 55% in his favor and Joshua getting 45% of the revenue.
The winner will walk away with four world titles and will then be in line to face WBC world champion Deontay Wilder, who makes a voluntary defense of his title on March 3rd against Luis Ortiz.