By Francisco Guzman
Former three division world champion Miguel Cotto (37-3, 30KOs) denies that he was offered and/or turned down a guarantee of $13 million dollars to fight Manny Pacquiao in a rematch on December 8th at the MGM Grand in Las Vegas.
Top Rank's CEO, Bob Arum, had recently told reporters in Las Vegas that he was stunned when Cotto turned down such a high amount of money in favor of taking a fight with unbeaten 154-pound champion Austin Trout on December 1. Pacquiao would then finalize a fourth fight with Juan Manuel Marquez.
Cotto told BoxingScene.com that Pacquiao's camp tried to gain an advantage by making him go down to 150-pounds. He says the weight demand was the main reason for the fight falling apart.
"That's not true. That's not true. The main reason of the Pacquiao conversation is that he wants me to go down to 150 - the same as in 2009 when they made me go down to 145 - [so] they can take advantage of that. That was the real reason [for refusing the rematch]. [Back in 2009] the inexperience made me do it, but I'm not going to do it again [fight Pacquiao at a catch-weight]," Cotto told BoxingScene.com.