Teofimo Lopez Agrees to Restructured Contract with Top Rank Promotions

Teofimo Lopez has a new contract…

The 23-year-old Honduran American professional boxer and current unified lightweight world champion and Top Rank Promotions are back on good terms after agreeing to a restructured contract, according to ESPN.

Teofimo Lopez

In the new agreement, Lopez will have his minimum purses raised from the previous amount of $1.25 million and will have the opportunity for pay-per-view bouts on ESPN+, a source confirmed.

The deal comes on the heels of an acrimonious negotiation for Lopez’s upcoming title defense against George Kambosos on June 19. Top Rank and Lopez failed to come to an agreement on his salary for that fight, and the bout went to a purse bid. Triller, an upstart streaming service, easily won the rights with a $6 million bid, with Lopez getting around $3.9 million.

Lopez (16-0, 12 KOs) is making his first title defense since beating Vasiliy Lomachenko last year to win three of the four major belts in the 135-pound division. Kambosos (19-0, 10 KOs) is the IBF‘s mandatory challenger for its version of the title.

Lopez is also looking for a major opponent on October 2 if he successfully defends his titles, sources confirmed to ESPN. Devin Haney (26-0, 15 KOs), the WBC lightweight champion, has repeatedly expressed his desire to face Lopez. In a Twitter post issued Saturday, Top Rank matchmaker Bruce Trampler said Lopez also wants that fight but that Haney has “contractual issues to resolve.”