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"I give it no better than 10 percent chance of happening," Top Rank chairman Bob Arum told ESPN.com. "There is not enough time now to do all the stuff we need to do to promote the fight, and then there is also the Canelo [Alvarez] fight on pay-per-view against [Erislandy] Lara in front of us [on July 12]. If we would have gotten this done when we should have gotten it done, we could do it, but we are out of time."
Arum said he relented on insisting on the extension and instead presented Chavez with two proposals. Under one proposal, Chavez would earn a certain amount of money to fight Golovkin without an extension. He would earn far more for the fight if he accepted the proposal with the extension.
"But what Chavez wants is the bigger purse without the futures," Arum said. "Why would we take a risk losing money on the fight with Golovkin and then we lose the kid as well? If we can make money and then he wants to go on his way, OK. But he can't have it both ways.
"So if he doesn't do the Golovkin fight, we'll offer him another fight, maybe for an HBO fight or a pay-per-view fight, but we're not going to offer him a fight where we are taking a big risk and we could lose money. For what?
Arum said he relented on insisting on the extension and instead presented Chavez with two proposals. Under one proposal, Chavez would earn a certain amount of money to fight Golovkin without an extension. He would earn far more for the fight if he accepted the proposal with the extension.
"But what Chavez wants is the bigger purse without the futures," Arum said. "Why would we take a risk losing money on the fight with Golovkin and then we lose the kid as well? If we can make money and then he wants to go on his way, OK. But he can't have it both ways.
"So if he doesn't do the Golovkin fight, we'll offer him another fight, maybe for an HBO fight or a pay-per-view fight, but we're not going to offer him a fight where we are taking a big risk and we could lose money. For what?
Chavez gives a response in a separate Spanish ESPN article.
"It's not what I was expecting, but it also was not what one would expect for a fight with Golovkin" said Chavez Jr. " I simply want them to give me what I'm worth. Against Sergio Martinez, the fight sold in 600k houses and surely this fight would sell something similar. I want fair pay. I'm not asking for something excessive. Just what is just.", said the Mexican.
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