I posted a similar opinion in another thread:
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Cotto should pay the step-aside fees if he had agreed to. He should not try to stiff another boxer, period. He's making more money than he ever thought he would need.
As far as the WBC goes, he should at least send them that $125k check, belt or not. He used the WBC belt to good effect: getting the lion's share of the purse and other advantages (can include gloves, ring size, drug testing, weight stipulations, who enters the ring first, side advantage in fight posters, and a lot more.).
I'm not saying the above is solely because of the WBC belt (I don't give a **** about belts or their organizations), but I have no doubt that it somehow enhanced his position at the negotiating table. Cotto is a veteran and popular on his own too.
All I can say is: Man up, Cotto. Karma can be a *****!
War Canelo!
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What's your opinion?
Saturday will be fun. I don't really care who wins.:boxing:
cotto was going to vacate the belt if he won. might as well save the 1.1 million.
That was not what he purported to all other parties involved when he agreed (not sure if just verbally or he signed an official document) to pay GGG "step-aside" money so he could fight Canelo.....WITH HIS TITLE ON THE LINE.
Perhaps, if he had made his intentions known to WBC at least, then they could have possibly settled on a much lower rate for the sanctioning fees or something.
I'm sure that if GGG knew that he was going to vacate the title, he would not have agreed to get out of the way. The way The Diva handled this whole thing misleading, Canelo, the WBC and GGG was downright unprofessional and petty. I've seen some people saying he was being a smart businessman or that he can do whatever he wants because of what he has done in his career. I don't agree with any of that. I think that he is a coward and a greedy egomaniac. Sure, he gained all the leverage during negotiations after he lured him in but he has ruined many business relationships by doing this. Roc Nation can't work with PBC, Cotto can't work with Arum (TR), and now Golden Boy will never touch him again because of this. He has ripped off GGG and blatantly lied to he and his team just to get the Canelo bout so he could run away after a potential win.
Canelo is going to punish him in the ring and then he will get punished in court. Can't wait until tomorrow night because it will be a great fight no doubt but I'm really eager to see Cotto humbled in front of millions. :boxing:
Agreed. Everyone was pissing on Cotto for having a 160 belt when he said he didn't want to fight at 160. So, he does the sensible thing and relents the belt, now everyone is bytching about that too. If people would stop playing favorites, a little honesty would come to the surface.
That's because with Cotto, it's "damned if you do... damned if you don't". Good thing Cotto has class. If it was me in there, and I beat Canelo.... I'd publicly tell all my haters to kiss my rich a$$.
It seems, at least to me Cotto wants to have his cake and eat it too. If he has no business at middleweight and no interest in defending the title then he should have already dropped the title, and Golovkin would already be champ. Instead he promised to pay step aside money to GGG so he can use the title to get the upper hand in negotiation with Canelo and drops the title anyways.
The agreement that Cotto made with Golovkin and G2 is contingent upon the fact that Cotto would be defending the WBC 160-pound belt against Alvarez. Since he is not going to defend the belt after being stripped, he does not owe Golovkin anything.
The sanctioning fee is ridiculous, whether it is $300,000 or $125,000. What the WBC is doing is the equivalent of extortion. No one should pay $300,000 for the right to a title designation that can be taken away at any time after the fight and after the fee has been paid by the designating body.
lmao extortion. How? Cotto has been paying these fees for years. Now its a problem?
I think he should pay step aside money, if he agreed beforehand to not have to defend against Golvokin. But I think the WBC have done this to themselves...and Golovkin has been shafted in the process. Let me explain.
Paying step aside money is a normal thing in boxing, and has been done for a very long time, but how many times have you heard of a figure of $800,000?!! That is absolutely ludicrous. The WBC have looked at the earning potential of the fight with Cotto and Canelo, and tried to extort Cotto and exploit his circumstances. Six figures is not out of the question but $100-200k for each of the step aside money and sanction fees would have been closer tot he norm, and as Cotto said he would have accepted something in that ballpark. I am glad this has happened, the governing bodies throw their weight around like anything, but what they didn't realise, or what they overlooked is that the fighter is bigger than the belt. Then only thing which is disappointing is Golovkin has been the bystander who has got caught in the middle. He deserves some money for stepping aside, but not fricking $800,000k, I am pretty sure he has barely made that much money in any of his fights so far.
I don't see any reason for him to, since he isn't defending the title. The moment he was stripped, Golovkin should've been elevated to full champion. He needs to take it up with the WBC.
this is exactly the way i see it..
i got canelo by destruction...
i actually dont blame him people need get off ggg nuts and realize hes right. **** all these selfish money hungry politically driven belt organizations i dont blame him one bit not even a little
They're entitled to what they get, on one case its good to see the WBC take the belt off him as he shamed it and the former champions of that belt when he acted like he did.
On case you're saying the WBC are greedy but you completely ignore the fact that Cotto is the exact same thing, why do you care If he gets 1.1million off of his already huge wage package of about 20million, absolutely ludicrous a bunch of fans acting like its a casual day we're only talking about millions something most of us would be very lucky to see or accumulate as much.
He avoided him but he was also magically put in that position to begin with by the WBC. As far as being 1 contender. It's their fault. Even if it's not, f*ck the WBC anyway. Sanctioning bodies make up situations and then the Boxers have to pay for it.
Actually, Cotto is the one who created this mess when he did not want to do the mando with Rubio. The WBC made a deal with Rubio-GGG, and Cotto was free to try and negotiate the Canelo fight, which blew up that time when Canelo had enough and walked away.
Had Cotto just done the mando with Rubio, and THEN did the Canelo thing, none of this would have happened, because there would no longer be an interim champion.
I'm a fan of both Cotto and Golovkin. But if Cotto has signed a contract to pay a step aside payment to Golovkin, he should pay it. I think it's a bit of a shithouse move if he doesn't.
If a contract was wrote up and signed, i'm sure Golvokin's team had the foresight to iron out the possibility of this current situation beforehand.
Point here is that Cotto used the belt to negotiate a better payment and agreed to pay a step aside fee to GGG, the step aside fee is not related to the WBC sanctioning fee.
Now Cotto says that he is no champion so he does not has to pay the step aside fee?
That was a coward move on his part, he is behaving like cotto, its a shame that he always talk about legacy and he always be remembered as a coward and a cheater.
the sanctioning fee and step aside fee are indirectly related (without the belt, nobody could force cotto to fight ggg)
the reason it's a cowardly and maybe borderline illegal move is because he signed a contract to be paid to fight canelo for the WBC title and clearly planned from day 1 to drop the title before the fight.
i wouldn't be surprised if golovkin/wbc/networks/anyone else cotto ripped off take it to court.
The strategy Cotto's team will use is ignoring all other parties completely and demonizing the WBC since nobody likes them. But he ripped off EVERYONE.
cotto is like mayweather he always pulls some **** right before the fight
sans the talent or the **** he pulls actually being advantageous
a third rate floyd parody perhaps
The agreement that Cotto made with Golovkin and G2 is contingent upon the fact that Cotto would be defending the WBC 160-pound belt against Alvarez. Since he is not going to defend the belt after being stripped, he does not owe Golovkin anything.
The sanctioning fee is ridiculous, whether it is $300,000 or $125,000. What the WBC is doing is the equivalent of extortion. No one should pay $300,000 for the right to a title designation that can be taken away at any time after the fight and after the fee has been paid by the designating body.
Point here is that Cotto used the belt to negotiate a better payment and agreed to pay a step aside fee to GGG, the step aside fee is not related to the WBC sanctioning fee.
Now Cotto says that he is no champion so he does not has to pay the step aside fee?
That was a coward move on his part, he is behaving like cotto, its a shame that he always talk about legacy and he always be remembered as a coward and a cheater.
i actually dont blame him people need get off ggg nuts and realize hes right. **** all these selfish money hungry politically driven belt organizations i dont blame him one bit not even a little
I am a fan of GGG and Canelo but I can understand Cotto not paying over a million bucks. The Canelo fight is just as big without Cotto being the WBC champ. If he keeps that money he will still make just as much money for the Canelo fight + over a million dollars he didn't pay in sanction fees and step a side money. If he signed an agreement to pay GGG $800000.00 to step aside he could lose a law suit so it should get interesting..
I'm not a fan of any of the boxers involved in this situation (maybe Canelo a bit), but it is kinda unbecoming for Cotto to cheap out, especially on the boxer. Honor your deals. Can be bad for business for Cotto.
I'd say I am bigger fans of both those guys than Cotto, but really I have no problem with Cotto not bothering to pay for a belt he has no intention of defending, win or lose. Seriously I could care less if GGG has "ALL THE BELTS" or whatever, also could care less if Cotto is defending a WBC belt on top of his lineal championship. He's still the lineal champ.
Agreed. Everyone was pissing on Cotto for having a 160 belt when he said he didn't want to fight at 160. So, he does the sensible thing and relents the belt, now everyone is bytching about that too. If people would stop playing favorites, a little honesty would come to the surface.
I am a fan of GGG and Canelo but I can understand Cotto not paying over a million bucks. The Canelo fight is just as big without Cotto being the WBC champ. If he keeps that money he will still make just as much money for the Canelo fight + over a million dollars he didn't pay in sanction fees and step a side money. If he signed an agreement to pay GGG $800000.00 to step aside he could lose a law suit so it should get interesting..
I posted a similar opinion in another thread:
_________________________________
Cotto should pay the step-aside fees if he had agreed to. He should not try to stiff another boxer, period. He's making more money than he ever thought he would need.
As far as the WBC goes, he should at least send them that $125k check, belt or not. He used the WBC belt to good effect: getting the lion's share of the purse and other advantages (can include gloves, ring size, drug testing, weight stipulations, who enters the ring first, side advantage in fight posters, and a lot more.).
I'm not saying the above is solely because of the WBC belt (I don't give a **** about belts or their organizations), but I have no doubt that it somehow enhanced his position at the negotiating table. Cotto is a veteran and popular on his own too.
All I can say is: Man up, Cotto. Karma can be a *****!
War Canelo!
_________________________________
What's your opinion?
Saturday will be fun. I don't really care who wins.:boxing:
As a Cotto fan, I agree. That belt was definitely used as a leverage tool, some sort of monetary compensation should be established.
Though if this goes to court, I'm sure that will be the outcome whether Miguel wants to or not.
I haven't looked into the fine print on this but on the forum the opinions have pretty much been down the party lines. People who side with Canelo or ggg are bashing Cotto. I'm curious if there's any unbiased opinions on this.
I'd say I am bigger fans of both those guys than Cotto, but really I have no problem with Cotto not bothering to pay for a belt he has no intention of defending, win or lose. Seriously I could care less if GGG has "ALL THE BELTS" or whatever, also could care less if Cotto is defending a WBC belt on top of his lineal championship. He's still the lineal champ.
If ggg is planning a lawsuit I'm gonna assume some monetary agreement was reached
none of us know if GGG is planning a lawsuit.
and if it comes down to a matter of opinion of language in the deal, or if there even was a deal, it'll be for a judge to decide. we don't have the facts, so the speculation is pointless.
He avoided him but he was also magically put in that position to begin with by the WBC. As far as being 1 contender. It's their fault. Even if it's not, f*ck the WBC anyway. Sanctioning bodies make up situations and then the Boxers have to pay for it.
Good post. That's why boxing needs a centralized commission.