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De La Hoya Not Budging From Terms For Canelo-Golovkin

By Edward Chaykovsky

Golden Boy Promotions CEO Oscar De La Hoya, who handles Saul "Canelo" Alvarez (48-1-1, 34 KOs), has no intention of backing away from the financial terms that were presented to Gennady "GGG" Golovkin (37-0 33 KOs) for a September pay-per-view fight. 

Golovkin was in action last Saturday night at Madison Square Garden in New York, where he retained his WBC, IBO, WBA, IBF middleweight titles with a very close twelve round unanimous decision win over mandatory challenger Daniel Jacobs.

Golovkin was a 6-1 favorite to win the fight, and expected to win by knockout. Jacobs stopped Golovkin's streak of 23 knockouts and came close to winning, with scores of 115-112, 115-112 and 114-113 going against him.

canelo-golovkin_44

Canelo is scheduled to return on May 6th at the T-Mobile Arena in Las Vegas. That night he will battle countryman Julio Cesar Chavez Jr. at a catch-weight of 164.5-pounds.

The big issue that continues to prevent a Canelo-Golovkin deal from being finalized is the offer on the table for GGG.

De La Hoya feels strongly that Golovkin was offered a fair amount of money, with minor cut of the pay-per-view revenue. But GGG and his handlers believe the offer should be a fair percentage of the overall revenue.

After watching Golovkin's performance against Jacobs, De La Hoya is standing firm on the financial terms that were already offered up.

“Not that [Golovkin’s value] went down,” De La Hoya said to the Los Angeles Times. “I just feel that given today’s market, I really feel that GGG’s side has to be more than fair to make this fight.

“I actually believe [the percentages of making the fight] decrease. It all depends on the negotiations – and we’ll continue talks – but now obviously we clearly know who the ‘A’ side is and that’s obviously Canelo. So I’m going to instruct my president, Eric Gomez, to continue talks and, hopefully, it can get done, but I strongly feel Canelo is obviously the ‘A’ side and there’s no doubt about it.”

User Comments and Feedback (Register For Free To Comment) Comment by aboutfkntime on 03-26-2017

[QUOTE=satiev1;17540657]de la hoya... is changing the supposed terms ... This means [B]there were never any official terms or contract[/B]...[/QUOTE] Golovkin refused to sign it, so Hoya can do what he wants

Comment by satiev1 on 03-25-2017

[QUOTE=aboutfkntime;17535019]aaah, I see what you're saying you don't have a problem with Canelo fighting "[I]Thurman or other WW[/I]"..... you just don't want me paying for it ? personally, I don't like those lower-level stay-busy fights Smith was ok, he was…

Comment by War Dinamita on 03-25-2017

[QUOTE=aboutfkntime;17526575]because they simply do not want that fight until after Golovkin has beaten Hopkins record what other reason could there be ?[/QUOTE] What? Offering GGG the largest payday of his life and his career is not a good offer? GGG…

Comment by aboutfkntime on 03-23-2017

[QUOTE=boxingitis;17533732]It wasnt PPV over here like Khan vs Canelo. Like I said U would pay for Canelo vs Thurman or other WW. Continue to be one of the suckers for Canelos mismatches so he can continue get richer.[/QUOTE] aaah, I…

Comment by boxingitis on 03-23-2017

[QUOTE=aboutfkntime;17533432]like, Brook ?[/QUOTE] It wasnt PPV over here like Khan vs Canelo. Like I said U would pay for Canelo vs Thurman or other WW. Continue to be one of the suckers for Canelos mismatches so he can continue get…

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