By Steve Kim
Veteran promoter Bob Arum of Top Rank tells BoxingScene.com that he wasn't surprised when Oscar De La Hoya announced on Saturday afternoon in Las Vegas that Golden Boy Promotions and Saul 'Canelo' Alvarez were rescinding their offer to Miguel Cotto on a proposed showdown that would have taken place on May 2nd.
"No [I wasn't surprised by what happened], I think that what Oscar did was demonstrate his tremendous frustration with the Cotto side. I mean, after all, they started the negotiation making a demand and finally after all this rigamoroo, the 'Canelo' side acceded to the demands and Oscar assumed that would be it [and] the fight would happen - and apparently that wasn't the case," Arum said to BoxingScene.com.
Top Rank has a working relationship with the Puerto Rican star, but not necessarily an exclusive promotional contract.
As for what Cotto does next, Arum admitted - "We have no inkling of what Cotto does, now. Hopefully in the next couple of days we will."
There is speculation that Cotto could be in line to face Floyd Mayweather, once again. The two faced each other in 2012 with Mayweather winning a decision at the MGM Grand in Las Vegas.
Steve Kim is the news editor for BoxingScene.com.