icon Updated at 10:09 AM EDT, Sun Oct 7, 2012

Caballero Vacates WBA Title, Will Not Fight Walters

By Rick Reeno

BoxingScene.com has been advised that WBA "regular" champion Celestino Caballero (36-4, 23KOs) vacated his championship. Caballero was recently ordered to fight mandatory challenger Nicholas Walters (21-0, 17KOs).

The WBA held a purse bid a few weeks ago, and Canelo Promotions was the sole bidder, putting down the minimum bid of $120,000 dollars to secure the rights to the featherweight bout - with a 75-25 split in favor of Caballero.

Caballero would have received $90,000, which the boxer viewed as an insult.

Canelo Promotions, appearing on behalf of Walters' handlers, submitted two dates - December 1 or December 8 in Kingston.

"I will not fight for 90 thousand dollars and I wouldn't even do it for 120. Perhaps [they think] I am dying of hunger," Caballero said a few weeks ago.

Walters will now face the the highest available contender for the vacant belt.