Los Angeles on Monday received the official approval to host the 2028 Olympics, following an evaluation from the International Olympic Committee.

Los Angeles Olympics Hosting Bid News

The IOC will award the 2024 Summer Olympics to Paris after the two cities emerged as the top contenders for that event.

After originally bidding for 2024, Los Angeles has now been forced to make changes to its host contract. The city cut a deal with the IOC in July to host the 2028 Olympics should it not be awarded the 2024 Games.

The IOC’s evaluation commission signed off on those changes Monday, although some details need to be finalized.

Los Angeles received concessions for agreeing to host four years after 2024, including receiving a portion of the IOC’s surplus from the Olympics to fund youth sports programs in the city.

The city will also receive up to $2 billion from the IOC, which is up to $300 million more than it would have obtained for 2024.

The 2024 bidding process originally began with five cities, although the IOC then considered a dual award after Hamburg, Rome and Budapest all withdrew from the process.

IOC President Bach expressed discontent with a bidding process he claimed “produces too many losers,” and said the committee would seek a “win-win-win” solution.

According to USA Today, a Loyola Marymount University poll from August revealed 83 percent of L.A. residents supported hosting the Olympics in 2028.

The last Olympic Games held in the U.S. were the Winter Games in Salt Lake City in 2002. The last Summer Games in the country took place in Atlanta in 1996.

LAUSANNE, SWITZERLAND – JULY 10: IOC President Thomas Bach shakes hands with Mayor of Los Angeles Eric Garcetti on July 10, 2017 in Lausanne, Switzerland. (Photo by Robert Hradil/Getty Images)

Los Angeles officials are set to announce on Monday a deal with the International Olympic Committee to host the 2028 Summer Olympics. The city would thus yield the 2024 hosting honors to Paris.

LA hosting 2028 Summer Olympics

The Los Angeles 2024 Olympic Bid Committee has scheduled a press conference for 8 p.m. EST on Monday at the StubHub Center. Mayor Eric Garcetti is expected to reveal the news.

This will mark the first time since 2002 that the United States will host the Olympics. Salt Lake City hosted the Winter Games that year. The last Summer Games in the U.S. were held in Atlanta in 1996.

Los Angeles (1932, 1984, 2028) and Paris (1900, 1924, 2024) now join London as the only cities to host three Olympics. Paris and LA had both been in contention to host either the 2024 or 2028 Games for several months.

Both the 2024 and 2028 Games — which will follow the 2020 Games in Tokyo — will be officially awarded at the 130th IOC session in Lima, Peru, on Sept. 13.

Los Angeles City Council president Herb Wesson’s office on Monday confirmed the deal has been reached.

“LA 2024 and the Olympic Organizing Committee have worked out a deal for Los Angeles to host the 2028 Olympic Games,” said spokeswoman Caolinn Mejza. “The LA City Council will hold an ad-hoc meeting on Friday to discuss accepting the deal.”

After the deal was officially reached, Garcetti and Paris Mayor Anne Hidalgo held hands to celebrate the moment.

Garcetti recently said Los Angeles would only accept the hosting opportunity if the city did not suffer greatly economically because of it.

“I don’t want the Olympics at any price,” Garcetti told ESPN in June. “I won’t accept these Games if they put the city in debt or at risk. I won’t do it if there’s not a genuine human legacy and instead it’s just a vanity party for 2 1/2 weeks.”

He also said the 2028 Games were likely the better option in an interview with Buzzfeed earlier this week.

“They are making it financially — and we are negotiating this — so attractive we would be stupid not to take 2028,” said Garcetti.

Up until September 2015, Boston had been a strong contender to host the 2024 Olympics. At the time, the grassroots #NoBostonOlympics campaign raised questions about the taxpayer cost of hosting the Games. Public approval tumbled, and Boston’s hosting bid fell apart.

Soon afterwards, an independent poll found that 88 percent of LA residents were in favor of the city hosting the 2024 Olympics.

Among the other cities that had vied for the following two Summer Games were Budapest, Hungary; Hamburg, Germany; and Rome.

The IOC has struggled to reach deals with cities willing to host the Olympics. In 2015, six European cities backed out of their bids for the 2022 Winter Games, leaving Almaty, Kazakhstan, and Beijing as the final candidates. Beijing eventually won.

Los Angeles’ privately funded $5.3 billion budget includes no new permanent stadiums. It instead benefits from an infrastructure boom in Southern California, which includes the $2.8 billion future home of the NFL’s Los Angeles Rams and Chargers and the new LAFC soccer stadium. Furthermore, USC has pre-existing plans for a $270 million renovation of the historic Memorial Coliseum, and UCLA’s dorms will serve as the athletes’ village.

Garcetti stated he doesn’t expect requesting any government funds. The 1984 Los Angeles Olympics are the only Games in modern history to run at a profit.

“The cost to taxpayers to put this plan together is nothing,” Garcetti said. “There’s risk. Eyes wide open, it could be something. But I’m close to 100 percent confident.”

President Donald Trump tweeted earlier this month that he was striving to bring the Olympics back to L.A. He met in the Oval Office with IOC president Thomas Bach to pledge his “full support,’’ the White House said in a statement then.

The 2018 Winter Olympics will be held in Pyeongchang, South Korea in February.

LAUSANNE, SWITZERLAND – JULY 10: IOC President Thomas Bach shakes hands with Mayor of Los Angeles Eric Garcetti on July 10, 2017 in Lausanne, Switzerland. (Photo by Robert Hradil/Getty Images)

On the same day the book closes on the storied life of the late, great Muhammad Ali, a new story will begin to unfold on the other side of the Atlantic.

EURO 2016 kicks off at 3 p.m. (EST) today, with the opening match between, host nation France, and Romania at the Stade de France in Paris, highlighting one of the most-watched sporting events in the world.

EURO pits Europe’s top national teams against one another in a winner-take-all tournament that runs exactly one month, culminating with the final on July 10.

The last French-hosted soccer tournament took place in 1998 when France hosted the World Cup and promptly took home the title with a 3-nil win over Brazil in the finale.

French Manager Didier Deschamps left Real Madrid star Karim Benzema off of his roster for EURO, which was met with much criticism, as well as accusations of racism launched by Benzema and others.

READ: Benzema Accuses Manage Of Racism

Deschamps refused to go into detail regarding his pep talk with players ahead of the tourney’s opener, but he did allow time to discuss the emotion surrounding the opening match.

“It’s the opening match and everything that it represents … You need to have that feeling in the pit of your stomach, that clenched jaw when you walk out onto the pitch,” Deschamps said.

France enters the tilt with a 10-match unbeaten streak against Romania, but that doesn’t mean the hosts are taking their opponents lightly.

Both Deschamps and captain Hugo Lloris believe the hype surrounding the idea that France is the favorite, not only in the opening match, but in the tournament as a whole, is a bit premature.

“We don’t feel like favorites,” the French goaltender said. “We’ve done nothing. We’ve proved nothing.”

Lloris’ comments come in reference to a nine-match winning streak that the French have mustered in their recent experience on the pitch. But Lloris dismissed the streak as merely a confidence builder that could maybe generate a little more noise in their home stadiums, but nothing more.

Deschamps offered a more technical assessment.

“(Romania) have a solid base. They don’t just whack the ball into touch, they know how to use the ball.”

France’s manager has cause for concern, the Romanians have drawn four of the last five contests between the two teams.

Romania’s head coach Anghel Iordenscu believes his team will be fighting an uphill battle, but cautions that there is no reason to believe his side cannot prevail.

“I expect France to begin the match in aggressive fashion but I’m sure my players are ready and determined to overcome these spells of domination,” Iordanescu said. “We are going to follow our strategy, we don’t want to simply play defensively, we want a balanced style of play. France do have some shortcomings at the back.”

PREDICTION:

France- 2 Romania- 1

France is too seasoned and the energy of the crowd will be all they need to lift themselves to victory in the opening match. Lloris will get the back organized and may even scratch his name on the scoresheet. Another draw is possible, but I find it hard to believe that France will fail to secure victory on its home turf in the opening match of EURO 2016.