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Golden Boy Promotions CEO Richard Schaefer has advised BoxingScene.com that an offer "in excess of $10 million dollars" was presented to former three division world champion Miguel Cotto (38-4 32KOs), for a Showtime Pay-Per-View battle on March 8th against Saul "Canelo" Alvarez (42-1-1, 30KOs).
Schaefer had a meeting with Cotto and his team on Tuesday, where they discussed several topics - including the mega-match with Cabelo.
Cotto, a promotional free agent, worked with Golden Boy for both of his 2012 fights - against Floyd Mayweather Jr. and Austin Trout. For his last fight, against Delvin Rodriguez on October 5th, Cotto worked with Top Rank.
"The main topic of discussion was a potential Canelo fight. I made him a very lucrative offer, eight figures...well in excess of $10 million dollars. He said he is going to let me know what he decides to do. I told him it could be a one fight deal or a series of fights, whatever he wants to do," Shcaefer told BoxingScene.com.
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Schaefer had a meeting with Cotto and his team on Tuesday, where they discussed several topics - including the mega-match with Cabelo.
Cotto, a promotional free agent, worked with Golden Boy for both of his 2012 fights - against Floyd Mayweather Jr. and Austin Trout. For his last fight, against Delvin Rodriguez on October 5th, Cotto worked with Top Rank.
"The main topic of discussion was a potential Canelo fight. I made him a very lucrative offer, eight figures...well in excess of $10 million dollars. He said he is going to let me know what he decides to do. I told him it could be a one fight deal or a series of fights, whatever he wants to do," Shcaefer told BoxingScene.com.
[Click Here To Read More]
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