UFC president Dana White has officially announced the long-awaited heavyweight unification bout between Jon Jones and Tom Aspinall for UFC 320 in Las Vegas on July 18.

The Biggest Fight in UFC History

Jones (28-1) holds the lineal heavyweight title while Aspinall (15-3) is the interim champion. The fight has been called the most anticipated heavyweight clash since the sport's inception.

Financial Stakes

Both fighters are guaranteed $10 million each with PPV bonuses expected to push total earnings past $30 million. The event is projected to break UFC's all-time PPV record.