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What a mess... If there's not step-aside should Golovkin be Full Champ by now?
It's easer be casual fan of others sports than boxing hardcore fan.
It's easer be casual fan of others sports than boxing hardcore fan.
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except then he wouldnt have had the leverage to get a better money split from Canelo. Without the title its a 50-50 split, or even 55-45 Canelo's way.
Cotto (Roc) made the step-aside deal in order to facilitate the Caneo deal happening in the first place. I would tend to doubt that it was all done over the phone. There's a paper trail somewhere. I think K2 made a mistake in not getting the money up front, so it seems they will have to sue Roc for it......Comment
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I don't know the details but this just happened to a lesser extent. Look at the situation with Sadaam Ali. They came to an agreement a day or two before the fight. If they don't come to an agreement all that happens is the belt won't be on the line. If anything, GBP and Canelo should be the one's pissed off but that's their own problem.Comment
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Cotto/Canelo is a big money fight (in theory) regardless if ggg stepped aside or not, so that fight would've happened. If ggg did stand in the way, and neither Canelo nor Cotto could win the belt, then ggg would be in the same position, but this time with Canelo having absolutely no reason to fight him (the only reason being now is to keep the wbc belt). I don't think anyone owes him anything because the belt is only up for grabs if he gets a chance to get it too.Comment
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He's not paying for the fight really doe. You can pay a guy to step aside & take a nap for 6 months or whatever period of time you're working with.
Cotto was in a position where he needed to agree to a fight with GGG by a certain time period. If he didn't agree to that he'd be stripped of the title. He agreed to pay GGG step aside money to not have to agree to fight him within a certain time frame. Cotto fighting Canelo or whoever doesn't matter. For a title or not doesn't matter. The stepping aside happened already.
If not for that $800k agreement Cotto vs Canelo for a title doesn't even get talked about. Cotto, Roc Nation &/or the WBC is clearly f#cking GGG over or imo attempting to as I fully expect GGG will get his step aside money & its just a matter of who's paying it even if he has to sue someone.Comment
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Don't disagree, but it wouldn't have been for a title. And that doesn't even matter. Its a big enough fight that the title angle don't matter. That doesn't change the fact that Cotto & his people agreed to pay a step aside to GGG. If GGG is getting f#cked over ultimately here I suppose its just cuz the illusion of the winner fighting GGG has been exposed as a fraud in the last couple weeks thus it matters even less to Cotto that this fight be a title fight.Comment
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I agree, but not getting the money up front was still a big mistake by K2. If there's even a shred of truth in the recent Demetrius Andrade allegations, then it seems Roc Nation making financial promises and then getting amnesia isnt a new phenomenon. K2 had an obligation to protect GGGs interests, and he shouldnt have to wait a year or more for a lawsuit to play out in order to get his money......Comment
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Sorry K2...well you rt that we don't have enough info to know exactly what's going on. I'm going by Cotto's interview yesterday that made it sound like he aint paying ****.
Now, what PBP. points out, I think he's rt...it' makes sense that the step aside $$$ comes from the purse deduction, not sure if they get an advance or they can get a portion of the purse frozen...don't know about those details, but how can Cotto be liable if he doesn't have the belt nor he defended it against someone other than GGG? which is the nature of the step aside, that title isn't Cotto's anymore and the fight vs Canelo hasn't happened yet. In reality as soon that belt was vacant by whatever reason, it should be GGG's. Not sure if K2 and GGG can go after the WBC or RN, cause the initial agreement, as of WBC was between the promotion companies, with the blessing of the organization. I doubt it cause GGG needs a big name fighter to make money and wants the belt. Now, if Canelo wins and don't fight GGG next, I think K2 and GGG will take it to court. But like I said b4 after seeing what the WBC did to Martinez, nothing surprises me.Comment
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Solid point about the Andrade situation. I just assumed Andrade was nuts with all that, but if there is something to that & something to this situation RN is shady as f#ck (although it is boxing so being somewhat shady seems like a prerequiste to working in boxing). I'll see what develops with all that before I make a call.
As far as K2's obligation to GGG I don't think its unreasonable of them to say okay to a desire by Cotto to wait til "the next payday" to payoff the $800k. $800k is a lot of money for these guys still. And I think its a big assumption to assume Cotto is necessarily that liquid in his assets vs his normal expenses between paydays/etc. to expect him to randomly be able to afford coughing up $800k or even want to go into his stocks or mutual fund investments or w/e & take out $800k when he's gonna have a easily flipable $25M+ in a couple months.
I think this agreement is more binding than others seem to think it is so I think K2 was being professional & understanding of the details I'm entirely speculating on right now lol (but with the given info all we can do is speculate at this point). Mainly doe I can see how K2 doing something that others would do in a similar situation could easily be what happened & the failsafe of legal measures is there thus its a low risk business decision.Comment
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