Joseph Parker's hopes for a world heavyweight unification fight with Anthony Joshua have taken a significant step closer to reality with the arrival of a formal contract.
The "substantial document" has been delivered from Joshua's boss Eddie Hearn and is now in the hands of Parker's promoter David Higgins.
Higgins revealed there had been "concessions" from the Joshua camp and Parker's slice of the mega‑fight will be in the range of 30‑35 per cent.
Higgins asked that the contract be shaped along the lines of Joshua's fight with Wladimir Klitschko in London earlier this year, a fight that attracted 90,000 to Wembley and was a global TV extravaganza.
It is believed Parker could earn as much as $12m and the spoils down the line could be even bigger if he can win.
Higgins revealed the rematch clause in the contract would see a victorious Parker get a 55 per cent share of the spoils for the sequel.
The arrival of the contract signals a decisive moment from weeks of negotiations.
Anthony Joshua and Joseph Parker finally agree terms for massive unification fight next year.
