By Rick Reeno
Gaby Penagaricano, legal adviser to WBC middleweight champion Miguel Cotto (39-4, 32KOs), confirmed to BoxingScene.com that he's still very much negotiating a possible title defense against Saul "Canelo" Alvarez (44-1-1, 31KOs).
Golden Boy Promotions President Oscar De La Hoya told BoxingScene on Thursday night that both sides are still working out the details for a planned fight.
While De La Hoya may have reached a deal with his fighter, an agreement on the financial terms have not been reached between Golden Boy and Team Cotto.
De La Hoya and Canelo are still focused on securing the lucrative Cinco De Mayo date of May 2nd, but everyone admits that obviously a new date will be pursued - potentially in June - if Floyd Mayweather Jr. vs. Manny Pacquiao is finalized for the same date in May.
