Jon Jones will be free to resume his mixed martial arts career next summer.
According to multiple sources, the former UFC light heavyweight champion has reached an agreement with the Nevada Athletic Commission, which will see him avoid having to face the commission at next week's hearing in Las Vegas.
Per the terms of the agreement, Jones, 29, will be suspended for one year, retroactive to July 6, 2016 because that's the date the results of his June 16 failed drug test were revealed. Jones will not be fined, per sources.
Jones and his legal team are expected to be present in some form at the Dec. 15 NAC hearing to formally receive the punishment.
Jones faced sanctions from both the NAC and the United States Anti-Doping Agency for his failed out-of-competition drug test. He made history in October by becoming the first UFC fighter to appeal a USADA suspension, however, an independent arbitration panel sided with USADA and upheld the one-year suspension proposed, which also expires on July 6, 2017. Jones had his USADA case heard by three arbitrators from McLaren Global Sports Solutions.
Jones tested positive for two banned substances, Hydroxy-clomiphene, an anti-estrogenic agent, as well the Letrozole metabolite, an aromatase inhibitor, prior to UFC 200 and was pulled from the card just three days before his highly-anticipated rematch against Daniel Cormier.
At his USADA hearing, Jones claimed he took a contaminated sexual-performance pill, which USADA independently confirmed was tainted. However, the arbitrators ruled Jones didn't do his due diligence in determining whether or not the pill was within the confines of the UFC's anti-doping policy and the WADA Code.
Some wondered whether Nevada would suspend Jones, who hasn't fought since April, for more than a year given his recent misjudgments, but in the end, the NAC sided with USADA, paving the way for Jones to return in seven months.