Comments Thread For: Miguel Cotto, The WBC, and Much Ado About Nothing

[Eff Pandas]

Eff Panda, GGG got screwed here big time.

WBC stated yesterday that the $800k was a GOOD FAITH agreement between promoters, meaning RN and K2. If this is true, this means that there's no real or physical contract, and now by Cotto not defending the belt, this agreement is void cause Cotto was stripped b4 the fight actually happening never DEFENDED the belt.

GGG got screwed is a definite here. But imo the agreement between promoters isn't void just cuz the title isn't going to be on the line for this fight (for Cotto anyway), this fight doesn't even get to the planning stages as a title fight without GGG being offered & accepting a $800k step aside fee.

Whoever is f#cking over GGG here, the WBC, Roc Nation or Cotto himself or all of them is a piece of **** (well the WBC is a piece of **** regardless) & I'd love to see them be pursued via legal means to hold up there end of the bargain. Its boxing, there is shifty **** happening all the time, but this seemed like a clear cut agreement between Cotto's people, the alphabet group & GGG's people & I'd be surprised if its not binding some kind of way.

Don't be f#cking with a boxers money on my watch lol. That **** pisses me off like no other bs in boxing.

[Eff Pandas]

Because he hasn't really stepped aside for anything. The fight has yet to happen. Soooooo he didn't step aside.

I don't understand this logic. Maybe I'm crazy, but to me the step aside part happened months ago when GGG was in line for a fight with Cotto. Canelo vs Cotto for a title doesn't even get to the planning stages until GGG agrees to step aside for $800k. The fight for the belt this weekend was just happening because GGG agreed to not pursue his mandatory months ago.

Basically if this is how step asides work you could f#ck over guys all the time with step asides.

[OnePunch]

GGG got screwed is a definite here. But imo the agreement between promoters isn't void just cuz the title isn't going to be on the line for this fight (for Cotto anyway), this fight doesn't even get to the planning stages as a title fight without GGG being offered & accepting a $800k step aside fee.

Whoever is f#cking over GGG here, the WBC, Roc Nation or Cotto himself or all of them is a piece of **** (well the WBC is a piece of **** regardless) & I'd love to see them be pursued via legal means to hold up there end of the bargain. Its boxing, there is shifty **** happening all the time, but this seemed like a clear cut agreement between Cotto's people, the alphabet group & GGG's people & I'd be surprised if its not binding some kind of way.

Don't be f#cking with a boxers money on my watch lol. That **** pisses me off like no other bs in boxing.

Most likley it is an agreement between K2 and Roc Nation, authenticated by either emails or a letter of understanding, and I would suspect K2 is now going to have to sue Roc for the $800k.

I dont for a second believe that Loeffler or K2's attorneys are ****** enough to be clowned like this. But if they are, then THEY should pay GGG the 800k lol.

[The Collector]

GGG got screwed is a definite here. But imo the agreement between promoters isn't void just cuz the title isn't going to be on the line for this fight (for Cotto anyway), this fight doesn't even get to the planning stages as a title fight without GGG being offered & accepting a $800k step aside fee.

Whoever is f#cking over GGG here, the WBC, Roc Nation or Cotto himself or all of them is a piece of **** (well the WBC is a piece of **** regardless) & I'd love to see them be pursued via legal means to hold up there end of the bargain. Its boxing, there is shifty **** happening all the time, but this seemed like a clear cut agreement between Cotto's people, the alphabet group & GGG's people & I'd be surprised if its not binding some kind of way.

Don't be f#cking with a boxers money on my watch lol. That **** pisses me off like no other bs in boxing.

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I get your point but you need to look at this w/ a cool head.

Neither the WBC, RN or Cotto screwed GGG, R2 screwed GGG. This is why you have a team, a promotional company, advisors to look for your interest. Cotto and his team looked for his, WBC and RN did the same, you can't say the same for R2. I don't know if it was a rookie mistake or greed...they liked the $800k figure and lost focus or something. 1st there's no good faith agreements with this type of $$$ involved. GGG's team needed to say ok, for Cotto/Canelo fight to be signed I need my money 1st, if not we wont step aside, it's pretty simple, but from the news up to now, it seems this is not the case. So, I DO believe this whole thing where GGG got the short side of the stick in on R2 Promotions.

[PRBOXINGCOTTO]

wbc just trying to have the Mexican win the belt that is all they are a piece of **** organization and waited till this week to tell cotto to pay up 300,000 ha cotto was willing to pay 125,000 wbc declined cotto will use this as fuel against canelo

[-PBP-]

I don't even see why the reason why he stepped aside matters. He did. He was supposed to be paid $800k by Cotto via the WBC I guess from the sounds of it. And apparently he hasn't been.

My understanding of step aside fees is you agree to accept a step aside fee for x $'s, like what happened months ago iirc & thats why Cotto vs Canelo got made in the first place, & you get the step aside fee once you agree to it (or within days of agreeing to it).

I didn't know you could not pay it when it was agreed to. Or was the WBC supposed to have collected it already & sent it to GGG & they f#cked up by not doing this sooner & now Cotto effed them over? Idk whats going on, I don't think who fights who matters, I don't think who wins matters, I don't care who should or shouldn't have the title or who should or shouldn't be fighting for it, I just think GGG shoulda had an extra $800k in his bank account already & someone owes him f#cking $800k now.

Nah. Step-aside fees aren't out of pocket. It's a purse deduction. Because what if Cotto breaks his hand in sparring and the fight gets cancelled? That wouldn't make any sense.

GGG gets paid in the event Cotto makes a title defense against a fighter other than him. And since Cotto is not doing that, he will not be getting paid.

[Eff Pandas]

---

I get your point but you need to look at this w/ a cool head.

Neither the WBC, RN or Cotto screwed GGG, R2 screwed GGG. This is why you have a team, a promotional company, advisors to look for your interest. Cotto and his team looked for his, WBC and RN did the same, you can't say the same for R2. I don't know if it was a rookie mistake or greed...they liked the $800k figure and lost focus or something. 1st there's no good faith agreements with this type of $$$ involved. GGG's team needed to say ok, for Cotto/Canelo fight to be signed I need my money 1st, if not we wont step aside, it's pretty simple, but from the news up to now, it seems this is not the case. So, I DO believe this whole thing where GGG got the short side of the stick in on R2 Promotions.

Who the eff is R2? You mean K2? Is this some clever Fraud Mayweather or Pacroid thing I'm not up on?

And I think we don't know enough details on this to assign fault is the only takeaway right now besides someone owes $800k to GGG so I disagree this is K2's fault (they actually seem the least blameless to me right now, seems like the WBC, RN & Cotto, in that order is the most likely #1 culprit) based on the known facts (which are few). From a video posted in another thread it appears as if Cotto knows & agrees he owes $800k to GGG. So if Cotto ends up paying GGG no harm no foul here from me.

[Eff Pandas]

Nah. Step-aside fees aren't out of pocket. It's a purse deduction. Because what if Cotto breaks his hand in sparring and the fight gets cancelled? That wouldn't make any sense.

GGG gets paid in the event Cotto makes a title defense against a fighter other than him. And since Cotto is not doing that, he will not be getting paid.

I've heard of step aside fees being out of pocket so I know thats false. Recently, Billy Joe Saunders got a check to step aside, months before the fight, & that fight ultimately wasn't a title fight iirc. So by your logic BJS owes about $200k back to someone.

With the numbers being talked about I can see making an agreement to take it from the next purse instead of perhaps needing to push around money to give $800k to GGG, but I don't see how GGG hasn't already stepped aside to allow for Cotto to fight someone else. It shouldn't matter if Cotto is injured or its not for a title or w/e. Cotto owes GGG the money once GGG agrees to not pursue his position of being next in line. There would be too much room for bs to not have things work like that (guy could fake an injury for a year using this logic or all sorts of f#cked up **** to avoid the fight + paying a guy).

[-PBP-]

I've heard of step aside fees being out of pocket so I know thats false. Recently, Billy Joe Saunders got a check to step aside, months before the fight, & that fight ultimately wasn't a title fight iirc. So by your logic BJS owes about $200k back to someone.

With the numbers being talked about I can see making an agreement to take it from the next purse instead of perhaps needing to push around money to give $800k to GGG, but I don't see how GGG hasn't already stepped aside to allow for Cotto to fight someone else. It shouldn't matter if Cotto is injured or its not for a title or w/e. Cotto owes GGG the money once GGG agrees to not pursue his position of being next in line. There would be too much room for bs to not have things work like that (guy could fake an injury for a year using this logic or all sorts of f#cked up **** to avoid the fight + paying a guy).

The difference is Cotto isn't ******. Who the hell would write a check for $800K for a fight that hasn't taken place yet? Cotto could have done a non-title fight and not had to pay anything.

[RED REP]

wbc just trying to have the Mexican win the belt that is all they are a piece of **** organization and waited till this week to tell cotto to pay up 300,000 ha cotto was willing to pay 125,000 wbc declined cotto will use this as fuel against canelo

Hahah boyyyy your hero is getting retired!
I can't wait for Saturday night im coming for you Rican SOBs!