By Edward Chaykovsky

Gennady Golovkin’s promoter, Tom Loeffler of K2 Promotions, sent a counter-offer to Golden Boy Promotions, who handle Mexican superstar Saul 'Canelo' Alvarez (48-1-1, 34KOs).

Golden Boy CEO Oscar De La Hoya revealed last week that he sent an "eight figure offer" to Golovkin for a September 2017 showdown on HBO Pay-Per-View. The offer was reportedly around $10 million with an unknown pay-per-view percentage.

Canelo returned to the junior middleweight division last Saturday night in Texas and knocked out Liam Smith to capture the WBO championship. Two weeks ago, Golovkin (36-0, 33KOs) traveled to London and stopped Kell Brook to retain the IBO/IBF/WBC/WBA middleweight belts.

Canelo suffered an injury during his fight and won't return to the ring until 2017, with Cinco De Mayo weekend in May as the likely next stop. Golovkin plans to return in the fall.

Loeffler is looking to get a percentage split for Golovkin - and not a "flat fee." He wants a split that is similar to the finalized agreement for last year's mega-event between Floyd Mayweather Jr. and Manny Pacquiao - which saw a 60-40 split of the revenue in Mayweather's favor. At one time Mayweather also offered Pacquiao a "flat fee" of $40 million to do a pay-per-view fight, which Pacquiao rejected.

“A flat fee for a fight is usually given to a fighter or contender who’s clearly the ‘B’ side,” Loeffler told The Los Angeles Times. “My offer back to [Golden Boy] was based on a percentage, just like we saw in the Floyd Mayweather-Manny Pacquiao agreement.”

Besides that, Loeffler is currently trying to reach an agreement for Golovkin's mandatory defense against Daniel Jacobs, which BoxingScene.com's Keith Idec reported earlier today was a possibility for an HBO televised date of December 10th, which was previously reserved for Canelo's third fight of the year.