By Rick Reeno
On Thursday, Peter Quillin (31-0, 22KOs) announced that he was vacating the World Boxing Organization's middleweight title. He was scheduled, at least on paper, to face mandatory challenger Matt Korobov (24-0, 14KOs) on November 8th at the Barclays Center in Brooklyn, New York.
On August 18th, Roc Nation Sports - the sports management company founded by rapper Jay Z - blew away the competition at WBO purse bid to secure the promotional rights to Quillin-Korobov.
Top Rank's Vice President Carl Moretti, who represents Korobov (24-0, 14KOs), bid a shade over $515,000. Ramiro Gonzalez of Golden Boy Promotions, who represent Quillin (31-0, 22KOs), bid $1,207,000 - and Roc Nation bid $1,900,480.
Quillin was set to receive $1.4 million of that money.
But there were issues looming for weeks. While Korbov signed right away, Quillin had not signed a contract and his team requested two extensions to allow them more time to sign.
There were also widespread rumors that Quillin's manager, Al Haymon, was advising the boxer to sidestep Korobov and instead take a fight against WBA 'regular' champion Daniel Jacobs, who Haymon also manages.
Besides those factors, Moretti believes that Quillin's management had concerns with their boxer's ability to overcome Korobov.
"Absolutely, they give up the middleweight title to fight whatever, whenever. I hope Peter is getting the same if not more money, but why couldn't he do both? I think it shows a lack of confidence in the fighter if they think he can't beat Korobov," Moretti told BoxingScene.com.
"It doesn't make sense [that he would give up $1.4 million], but based on what we've seen happening over the last year - nothing makes sense, nothing is logical, everything is illogical. It's just another example of where a lot of things stand and not for the good of the sport."
Moretti intends to get the wheels rolling for Korbov's title shot and hopes to get that fight together before the end of the year. The next contender is line for a shot is #2 ranked Billy Joe Saunders (20-0, 11KOs), who is promoted by Frank Warren.