Advertisement
Advertisement

Cotto Offered Over $10 Million For Canelo in March

By Rick Reeno

Golden Boy Promotions CEO Richard Schaefer has advised BoxingScene.com that an offer "in excess of $10 million dollars" was presented to former three division world champion Miguel Cotto (38-4 32KOs), for a Showtime Pay-Per-View battle on March 8th against Saul "Canelo" Alvarez (42-1-1, 30KOs).

Schaefer had a meeting with Cotto and his team on Tuesday, where they discussed several topics - including the mega-match with Cabelo.

Cotto, a promotional free agent, worked with Golden Boy for both of his 2012 fights - against Floyd Mayweather Jr. and Austin Trout. For his last fight, against Delvin Rodriguez on October 5th, Cotto worked with Top Rank.

"The main topic of discussion was a potential Canelo fight. I made him a very lucrative offer, eight figures...well in excess of $10 million dollars. He said he is going to let me know what he decides to do. I told him it could be a one fight deal or a series of fights, whatever he wants to do," Shcaefer told BoxingScene.com.

Cotto is being lured to a potential fight with WBC middleweight champion Sergio Martinez, which HBO would carry as a pay-per-view event. But there are several issues with the fight - there is no determination on when Martinez will return to action. The Argentine star has been rehabbing numerous injuries since his April fight with Martin Murray. There is also a mandatory defense owed by Martinez to Marco Antonio Rubio, which the WBC is pushing due to a court order.

Between the two options, the Canelo fight is the more lucrative. There is the logic that Cotto could fight Martinez, and still have Canelo as an option even in defeat. But Schaefer says that logic works both ways. However, if Cotto fights Martinez and loses - he certainly would not receive the same monster monetary offer for a Canelo fight.

"No, of course it would be a different offer [if Cotto lost to Martinez]. We talked about that as well, a Sergio fight. If he wants to maximize his revenues, a Canelo fight is certainly much bigger than Sergio Martinez. I’m sure you heard the rumblings as well...and I hope Sergio is okay, but who knows he is able to fight. It's like the wheels are coming off. There are a lot of question marks behind a potential Sergio Martinez fight. It's not such a slam dunk.," Schaefer said.

"Here, with Canelo, he would make the most money, he knows the date, there would be no options as well - and then he could go on a fight Sergio Martinez, assuming he beats Canelo. And if he loses to Canelo the Sergio Martinez fight is still going to be there and he will know if Sergio can fight or not. And there is certainly much more security in waiting for the fall. Or if he beats Canelo and then wants to go fight Floyd Mayweather [in a rematch], that's an option as well."

User Comments and Feedback (Register For Free To Comment) Comment by Da Boxer on 11-13-2013

Any updates? Info? Links?

Comment by Dinamita 03 on 11-08-2013

[QUOTE=Da Boxer;13911911][U][B]After[/B][/U] Cotto stops Canelo the megafight will be Cotto vs Martinez and the winner will get Floyd. The Miguel vs Maravilla will be worth 2x what is worth today since it will have the addtional hype of Cotto stopping…

Comment by Hougigo on 11-08-2013

[QUOTE=AnimalisticMeth;13909842]This is just the guranteed money but the problem is GBP is offering a 2 fight deal and very much cutting off Cotto's option after the 1st fight, If Cotto wins he cant just go and fight Martinez with Top…

Comment by QballLobo on 11-08-2013

[QUOTE=AnimalisticMeth;13909842]This is just the guranteed money but the problem is GBP is offering a 2 fight deal and very much cutting off Cotto's option after the 1st fight, If Cotto wins he cant just go and fight Martinez with Top…

Comment by Da Boxer on 11-08-2013

[QUOTE=Jloro;13910755]Showtime tryna take away Martinez's payday lol. Or they could make it even bigger if Cotto destroys Canelo[/QUOTE] [U][B]After[/B][/U] Cotto stops Canelo the megafight will be Cotto vs Martinez and the winner will get Floyd. The Miguel vs Maravilla will…

Post a Comment/View More User Comments (126)
Top Headlines Julian Williams To Jermall Charlo: One Way To Prove Who's Better Video: Tyson Fury on Breaking Klitschko Mentally, Wilder Fight Liam Smith: Kell Brook is The Fight I'm Pushing For Klitschko Vows Payback, No Judges: I Will Knock Tyson Fury Out! Ashley Theophane On Board To Face Ricky Burns in UK Showdown Bellew: I Kicked Haye's Ass in Sparring, I'll Face Him at Heavyweight Emiliano Marsili Confident of Zlaticanin Win, Eyes Anthony Crolla Dillian Whyte: Briggs Will Be Very Dangerous For David Haye Golovkin's Coach: Danny Jacobs No Longer Calls For GGG Fight! Ryabinsky Intent On Clearing Povetkin, Rescheduling Wilder Bout Tony Bellew: Lebedev Holds a Couple Belts, He's The One We Want! Titles Changing Hands All Over: BoxingScene Ratings Update Haumono Motivated By Family To Blast Out Joseph Parker Selby Turns Back on Warrington, Eyes Frampton vs. Santa Cruz Porter Plans To Bang Away at Thurman's Ribs, Break His Body Atlas Would Love Pacquiao-Crawford, Spence Face The Top Dogs Bounced in Buffalo: 'Bump City' and 'Boom Boom' Hit The Skids Arslan Gets Foe: Manuel Charr, Adrian Granat, Fornling in Action Lara: Fans Will Get Tired of Golovkin's Easy Fights, He Needs Me Zabala To Take Stand in $27 Million Lawsuit vs. Canelo/Golden Boy Photos: Francisco Vargas, Orlando Salido Face-Off at 'A Los Golpes' Vargas, Salido Confident of Victory: Chavez Expects FOTY War Oscar Valdez Opens Camp in Carson For WBO World Title Fight Deontay Wilder vs. Tyson Fury is an Immense Fight, Says DiBella Roach Wants One Tune-Up For Chavez Jr. - Then Golovkin Fight WBO, WBC Have No Issue Sanctioning Canelo vs. Smith or Charlo Tony Bellew Ready: I Would Tank David Haye Any Day of The Week! Jose Pedraza To Be Ringside For Lomachenko-Martinez Bout Adonis Stevenson-Thomas Williams Set Down for July 16, Quebec David Haye To Tony Bellew: I'm a Bitch? I'll Smash You To Bits! Nietes' Promoter To Discuss Possible Juan Francisco Estrada Clash Drozd To Exercise WBC Title Shot, Starts Camp For Tony Bellew Joseph Parker's Handlers Are Open To David Haye Showdown Thomas Williams: A lot of People Wrote Me Off in Rodriguez Fight Dillian Whyte: I Got a 2 Year Ban, Browne Got 6 Months For PED! Golovkin's Coach: Kovalev Will Be Too Much For Andre Ward! Photos: Tony Bellew Grabs WBC Title With Vicious KO of Makabu Photos: David Price, Paul Smith Rack Up Big Wins in Liverpool Daily Bread Mailbag: Kovalev-Ward, Canelo-GGG, Crawford, More David Price is Hungry To Get His Hands on Anthony Joshua
Advertisement

Latest Active Forum Threads
Advertisement
Advertisement