By Miguel Rivera

For the first few days, there was a lot of respect between Canelo Alvarez and Julio Cesar Chavez Jr. - but all of that went out the window when the boxers left New York and flew to the next stop of their ongoing media tour.

Apparently the two boxers traded words and agreed to take part in a multi-million dollar bet, with the winner walking away with the majority of the money.

Canelo hopes Chavez lives up to his word and offers up his purse after the fight.

"He accepted, I accepted and in front of the cameras and I think we shook hands like gentlemen in front of the cameras. I think that in the United States, when something is promised verbally then it is official, so the bet is already on," Canelo told ESPN Deportes. "[We bet] his purse, or he goes home with double or goes home with nothing."

"I did it because I do not like to offend people, I do not like to say things. When he starts to say that he's going to knock me out in 8 rounds, he said it from his mouth. I saw him in a video... saying that I have not fought with anyone. If he is so sure that he is going to beat me, that he is going to knock me out - I told him to bet his purse."

In turn, Chavez Jr. acknowledged that he first needs to review the agreement to define how much money will be staked in the bet - because they have two completely different purses.

Chavez Jr. does not want double of his own purse - he wants the full amount of what Canelo's purse would be.

"If he says he's going to make four times [as much money] than I am, I should be grabbing an amount that is four times more. I think the fight is the most important thing. If he says he's going to win four times more than me, but if I'm going to win 6 million and he would win 24 ...let's see what the exact terms of the bet are going to be," Chavez Jr. said.