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Mike Coppinger reported Friday that Mayweather and Pacquiao have now agreed to the terms of an amended contract for a professional fight scheduled for Sept. 25 at the T-Mobile Arena in Las Vegas, with the event to be hosted by Netflix.

The update moves the fight from the previously discussed September 19 date and removes The Sphere from plans due to concerns about the economics of hosting an event there.

“Floyd Mayweather and Manny Pacquiao have agreed to the terms of an amended deal for a professional fight on Netflix scheduled for September 25 at the T-Mobile Arena in Las Vegas,” Mike Coppinger said on X

Coppinger also quoted Pacquiao Promotions CEO Jas Mathur, who reportedly said the move from The Sphere occurred because the facility was not financially viable compared to a classic Las Vegas arena.

This detail added a novel angle to the story after Pugmire’s report on Thursday sparked a major reaction on boxing social media. Coppinger’s follow-up actions appear to have been aimed at further progress in reporting by confirming the changed conditions, novel date and business reasons behind the change of venue.

Mayweather, 49, retired with a 50-0 record after defeating Pacquiao in the highly anticipated 2015 fight, one of the biggest pay-per-view events in boxing history. Pacquiao returned to professional boxing earlier this year after making exhibition appearances and is still discussing another major fight against his longtime rival.

Neither side has officially announced a rematch yet, but reports on Thursday and Friday suggest negotiations are much closer to completion than many initially expected.

Netflix’s involvement also makes the rematch more commercially attractive, giving both fighters a wider streaming platform than a classic pay-per-view system. The rematch is expected to be one of Netflix’s biggest combat sports events this year.

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De Los Santos’ first fight with Valenzuela in 2022 lasted just three rounds, but it changed the direction of both fighters’ careers. De Los Santos defeated Valenzuela twice before finishing him in the third round with one of the biggest knockouts of the year. Valenzuela later rebuilt his position with victories that pushed him back to lightweight, while De Los Santos continued to enter the conversation for hazardous fights due to his hard-hitting and high-pressure style.

The rematch will take place at an compelling time for both players. Valenzuela has spent the last few years trying to prove that the first defeat was more due to inexperience and defensive mistakes than to ceiling problems. Meanwhile, De Los Santos returns to the exact opponent he has already stopped, which creates a different kind of pressure. If he wins again, especially by knockout, the first result will seem constant rather than accidental.

It looks like Zuffa is building the card around action fights rather than titles. In the joint film, Omar Trinidad will face former world champion Jerwin Ancajas in a 12-round featherweight fight. Brandun Lee will also return to face Cain Sandoval in a 10-round welterweight fight.

The event will take place in Las Vegas, rather than in a larger arena, which is consistent with the direction Zuffa Boxing has taken in its presentation so far. The company focused heavily on compact cards built around recognizable names and aggressive matchmaking, rather than layering championship belts across the lineup.

The 26-year-old De Los Santos has only fought three times since his knockout victory over Valenzuela in 2022, but his strength remains a real problem at lightweight. In his last appearance on December 13, 2025, he knocked out Eliot Chavez in the first round with the kind of shots that can instantly change a fight. Chavez is nowhere near Valenzuela’s level, but the punching power that De Los Santos showed in this fight makes a rematch hazardous for Rayo before August 15.