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From a new ESPN article on the Cotto/Trout fight:
For the 2009 fight, Cotto's deal with Top Rank called for a guaranteed $6.5 million purse, plus a share of the pay-per-view profits. During the Sergio Martinez-Julio Cesar Chavez Jr. promotion last month, Arum told boxing reporters that he offered Cotto $13 million for the Pacquiao rematch and estimated that with strong pay-per-view sales Cotto could earn another $2 million from his share of the profits.
Cotto vigorously disputed Arum's claim.
"The only offer Top Rank ever made us was the same money as in 2009," Cotto told ESPN.com. "[Arum] made the same offer he made in 2009, and we found it kind of funny. That was the reason we decided not to face Pacquiao. That, and they also wanted me to go down to 150 pounds and give him the same advantage that they gave Pacquiao in 2009, a catchweight."
Cotto said he was surprised to read that Arum said he offered him $13 million.
"Bob said he offered us $13 million, but he never came to us with that offer," Cotto said. "He always offered us the same guarantee he offered us in 2009, with the same benefits, and that's not fair. He offered the exact same amount of money. Of course it's a business, but all we want is fair business. You can say to Bob to tell me he made that offer to me to my face, and you will see his reaction."
http://espn.go.com/boxing/story/_/id...rematch-boxing
For the 2009 fight, Cotto's deal with Top Rank called for a guaranteed $6.5 million purse, plus a share of the pay-per-view profits. During the Sergio Martinez-Julio Cesar Chavez Jr. promotion last month, Arum told boxing reporters that he offered Cotto $13 million for the Pacquiao rematch and estimated that with strong pay-per-view sales Cotto could earn another $2 million from his share of the profits.
Cotto vigorously disputed Arum's claim.
"The only offer Top Rank ever made us was the same money as in 2009," Cotto told ESPN.com. "[Arum] made the same offer he made in 2009, and we found it kind of funny. That was the reason we decided not to face Pacquiao. That, and they also wanted me to go down to 150 pounds and give him the same advantage that they gave Pacquiao in 2009, a catchweight."
Cotto said he was surprised to read that Arum said he offered him $13 million.
"Bob said he offered us $13 million, but he never came to us with that offer," Cotto said. "He always offered us the same guarantee he offered us in 2009, with the same benefits, and that's not fair. He offered the exact same amount of money. Of course it's a business, but all we want is fair business. You can say to Bob to tell me he made that offer to me to my face, and you will see his reaction."
http://espn.go.com/boxing/story/_/id...rematch-boxing
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