Vargas: Golden Boy Didn't Offer Enough Money to Fight Cotto

By Keith Idec

Jessie Vargas took to social media Wednesday to explain why he turned down a chance to fight Miguel Cotto.

Vargas, a former WBO welterweight champion, revealed in statements posted to his Twitter and Instagram pages that Golden Boy Promotions didn’t offer him enough money to challenge Cotto. Vargas joined WBC lightweight champion Mikey Garcia and IBF welterweight champ Errol Spence Jr. by publicly acknowledging that he turned down the Cotto fight due to Golden Boy Promotions’ offer.

Garcia (37-0, 30 KOs) and Spence (22-0, 19 KOs) both said that they weren’t willing to sign long-term contracts with Oscar De La Hoya’s promotional company to box Cotto on December 2 at Madison Square Garden. Golden Boy promotes Cotto.

pacquiao-vargas-final-presser (6)

Vargas (27-2, 10 KOs) didn’t mention having to sign with Golden Boy Promotions in his posts, but he is a promotional free agent.

Las Vegas’ Vargas, 28, recently came to an undisclosed financial agreement with longtime promoter Top Rank Inc. to terminate his contract. He also has begun working with adviser Al Haymon.

Puerto Rico’s Cotto (41-5, 33 KOs) settled on a fight against Brooklyn’s Sadam Ali (25-1, 14 KOs), a welterweight contender who’ll move up from 147 pounds to 154 to fight for Cotto’s WBO super welterweight title in what is supposed to be the final fight of Cotto’s career. Vargas stopped Ali in the ninth round of their March 2016 fight to win the then-vacant WBO welterweight championship in Washington, D.C.

“Just to be clear on the Miguel Cotto offer,” Vargas wrote. “My adviser Guadalupe Valencia informed me that Golden Boy was interested in me fighting Cotto. I immediately expressed interest, however, the money that GBP offered was not close to sufficient for such an important fight. I respect Cotto, as he is a Hall of Fame fighter. But frankly the fight they picked for him is not up to par with his legacy. I knocked out Ali in 9th round, and we were both fighting at 147 #Boxing #Boxeo”

Vargas didn't specify how much money he was offered to box Cotto.

Keith Idec is a senior writer/columnist for He can be reached on Twitter @Idecboxing.

User Comments and Feedback (Register For Free To Comment) Comment by Pennsauken1 on 10-19-2017

Good move Vargas to stay away from Golden Boy. Him and Arum are robbing their fighters. Great move by going with Haymon and PBC. They take care of their fighters, you made a great move

Comment by GhostofDempsey on 10-19-2017

Impossible to determine whether or not Vargas was justified without knowing the offer. He made decent money versus Bradley and Pac and if he managed properly, then he can afford to be selective until he feels he can rebuild his…

Comment by Floyd's Mask on 10-19-2017

[QUOTE=Strategic1;18146663]I believe he was really lowballed.. Vargas strikes me as a guy who'd fight anybody. I'm guessing they offered him 200-300k.[/QUOTE] Lol. Knowing Arum... probably lying about Purses to Vargas anyways. More extensions by Top Rank wanted...

Comment by Shadoww702 on 10-19-2017

[QUOTE=rrayvez;18146994]you're not very smart. I never argued that the ref didn't mess up. He did. But vargas wasn't going to finish Bradley. We've all seen Bradley in worse condition with much more time left vs a much stronger and aggressive…

Comment by rrayvez on 10-19-2017

[QUOTE=Shadoww702;18146443]Hey stupid?? You know the difference between a ring bell sound and a clacker???[/QUOTE] you're not very smart. I never argued that the ref didn't mess up. He did. But vargas wasn't going to finish Bradley. We've all seen Bradley…

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