By Phil Barnett, Press Association Sport
David Price is happy to take a hit in the wallet and miss out on a lucrative clash with British rival Dereck Chisora after instead securing a rematch with American conqueror Tony Thompson.
The 6ft 8in Liverpudlian heavyweight saw his unbeaten record demolished by 41-year-old Thompson in a shocking second-round stoppage defeat on February 23.
However, he will return to Liverpool's Echo Arena, the scene of the crime that night, to meet Thompson again on July 6.
Promoter Frank Maloney, who collapsed in the wake of the defeat, confirmed all terms have been agreed and he expects the signed contract to be returned in the coming days.
Price, 29, told Press Association Sport: "I'm pleased it's sorted because it's the only fight I want, really.
"He's going to be getting paid well - and rightly so, because he beat me in the first fight and he's in the driving seat.
"It's a big opportunity for me to put right what happened in my head. I know it's happened and it's never going to go away, but as far as I'm concerned it's the closest thing to me being able to go back in time and change what happened."
Before the Thompson defeat there had been talk of Price defending his British title against Londoner Chisora this summer in what would have been a blockbuster clash.
Price has revealed that fight was still on the table but he was intent on a chance at redemption against Thompson.
"I had to take a hit in the pocket to get the rematch," he admitted.
"I could have fought Dereck Chisora in the summer for really, really, really good money but this is a personal thing for me which I want to get done.
"A potential fight with Dereck Chisora will be there for me after the Thompson rematch. Dereck Chisora isn't going to go anywhere, he'll still be there ready to fight me after July 6. It's a big British title fight and I think he'll want it.
"That will be there in the future and I've just got to solely concentrate on Tony Thompson. I think I had a bit of a problem before the last fight because a lot of things were getting carried away what with the hype surrounding me and potential fights. You can get caught up in it even if you try not to.
"You can take your eye off the ball a little bit."
Maloney told Press Association Sport he endured tough negotiations to secure the fight his boxer craved.
"Thompson has agreed all terms and it should be a done deal in the next couple of days," he said.
"It wasn't a straightforward fight to make, which is why it's taken this long to get it sorted. It's been very hard.
"But the fight's made, he's agreed all personal terms and it's just a case of them signing the contract and sending it back. We've had an email from his team saying they've agreed to everything."
Price had been in control of the first fight last month until a southpaw right hook to the ear sent him sprawling, prompting referee Steve Gray to stop the bout.Tags: David Price , Tony Thompson , Price-Thompson , Price vs Thompson