By Miguel Rivera
A few days ago, the legendary Julio Cesar Chavez Sr. expressed his dissatisfaction with the money being offered to his son, Julio Cesar Chavez Jr. (49-2-1, 32KOs), for an HBO Pay-Per-View mega-fight with Saul 'Canelo' Alvarez (48-1-1, 34KOs) on May 6th.
Chavez Jr. returned to the ring last Saturday night and won a hard-fought ten round unanimous decision over Germany's Dominik Britsch (32-3-1, 11KOs) in Monterrey, Mexico. Canelo's last fight took place in September, when he captured the WBO junior middleweight title with a knockout of Liam Smith.
Golden Boy Promotions, who guide Canelo's career, presented an initial offer to Chavez Jr. - and a counter-offer was issued back. The two sides are still negotiating the financial terms.
In the interview, Chavez Sr. stated that Golden Boy and Canelo were "only offering crumbs" to his son. The fight is being negotiated for a catch-weight of 165, according to Chavez's team.
Chavez Sr. continues to stay quiet regarding the exact amount of money that was offered, but he says his son has already earned the offered amount in other fights. They are looking for at least 30-35% of a full revenue split - which gives Canelo the lion's share with 65-70% of the take.
"We are waiting for them to offer a reasonable sum, because the sum they are presenting right now does not suit us and if they continue like this - then there will be no fight, but if they submit a reasonable sum then fight will be done. The negotiations are going well," Chavez said.
"We are aware that right now it's Canelo time, but at the moment this fight presents a unique combination in boxing. Canelo needs Julio, and Julio needs Canelo. It's a difficult, hard fight, and besides knowing which of them is the best - the fight can break a lot of records."
"We want 30 to 35 percent of everything, and what they are offering... Julio has already earned the kind of money they are offering when he faced other fighters. To present the amount that they are offering - it's like saying that they do not want the fight."