MANILA, Philippines—What is already dubbed as the biggest “boxing circus of the century” took a big step toward reality after Oscar de la Hoya reportedly made a fresh offer to Filipino boxing hero Manny Pacquiao: A 67-33 split of the pay-per-view gains.

It was a slight bend backward on the part of the “Golden Boy” after the Filipino rejected his 70-30 proposal even though it would have easily fetched at least $15 million—equivalent to three fights against lesser-known foes.

But fans need not get excited just yet as Team Pacquiao’s official representative, Top Rank president Bob Arum, who is on vacation and still has to study the proposal.

Pacquiao’s lawyer, Franklin Gacal, told the Inquirer that he has not talked to Arum for the past two days because the big-shot promoter recently left for France.

“I talked to him two nights ago—that time there was still no offer yet from [Golden Boy Promotions’ chief executive Richard] Schaefer,” said Gacal. “He went to France and until then I wasn’t able to contact him.”

But Gacal admitted that it was a gesture of goodwill from De la Hoya’s camp, although it will still have to be discussed if ever it was made official.

“We will see if he [Pacquiao] will agree or not or if ever there would be real development in the negotiation,” Gacal said

Pacquiao originally asked for 60-40 split of the PPV buys which experts said could easily reach two million buys approximately worth $100 million.

De La Hoya’s 2007 fight against Floyd Mayweather Jr. reportedly netted 2.4 million buys—the biggest earning fight in boxing history—and yielded the newly retired boxer $22 million. Mayweather Jr., son of De la Hoya’s trainer, got a 70-30 split in that fight.

Boxing Confidential’s internet report said De la Hoya agreed to budge and made Pacquiao “an offer he can’t refuse.”

Both fighters agreed to other details of the fight including the use of eight-pound gloves and 147lbs catch weight. Date is Dec. 6 at the MGM Grand in Las Vegas.

In other internet reports, Pacquiao’s flamboyant trainer Freddie Roach pressed on for the fight to happen and even proposed a neat way of splitting the revenue.

In an interview with ESPN.com, Roach said De la Hoya could have 60 percent, Pacquiao 30 percent and the last 10 percent will go to the winner of the super fight.

“I think Manny and Oscar like to gamble a little bit,” Roach was quoted as saying. “I love that idea. Just give the extra percentage to the winner of the fight.

“Let’s make this a real prize fight. The winner gets the 10 percent. That draws interest in the fight and shows that these guys really want to fight each other. People love it when something is on the line. Let’s put something on the line. I know both guys like to gamble.”