By Mark Vester
The deal is almost complete for Miguel Cotto to defend his WBA welterweight title against Antonio Margarito on July 26 in Las Vegas.
Cotto's father, Miguel Sr, told Primera Hora that his son came to an agreement with Top Rank on the biggest portion of the fight contract, his purse figure. Now some of the minor portions of the deal, like performance guarantees, are left to negotiate. Miguel Sr expects his son to sign the deal no later than the second week of May. Margarito has already signed his end of the contract.
"We are still negotiating. Large portions of the deal have been completed in our meetings with Bob Arum, but we still have to agree on some points. We have sufficient time to get the deal done. We are in agreement on the money. We want to agree on the details of other things, like surpassing certain numbers (pay-per-view buys)."
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