Comments Thread For: Cotto Saw Golovkin's WBC Spot as Financially Motivated

[-Kev-]

A lot of the convos on here about the GGG payment aren't super well informed about the relevant law, so I thought maybe we could make it a little clearer.

The fact that Cotto doesn't want to pay GGG, after having agreed to do so, is understandable. After all, he had achieved what he wanted - to avoid GGG and set up the lucrative Canelo title fight. But Cotto is a boxer not a lawyer and he is just digging himself into a deep hole here.

IF he agreed a deal with GGG, even if it wasn't written down (there are aural contracts) then that is a contract.

I'm not allowed to post a URL to a legal authority yet so you will have to google it yourself I'm afraid - try "law what is a contract"

"Definition

An agreement creating obligations enforceable by law. The basic elements of a contract are mutual assent, consideration, capacity, and legality. In some states, the element of consideration can be satisfied by a valid substitute."

SO

a) there was mutual assent - even Cotto has declared that publicly on several occasions
b) there was consideration - ie money
c) there was capacity - both parties could deliver under their obligations. GGG stepped aside as agreed. Cotto could pay him.
d) the contract was legal - there is nothing about the terms that are illegal.

Hence we can say that this agreement constituted a contract. Cotto appears to be saying that he won't pay. Hence he isn't proposing to satisfy the contract as agreed or by substituting a valid substitute.

Contracts are enforceable or remedies may be obtained.

"Possible remedies for breach of contract include general damages, consequential damages, reliance damages, and specific performance."

This is no joke. If GGG's team decide to take Cotto to court then he will be sued for more than the $800K. They will claim consequential damages etc. This case is very unlikely to reach court. It will be settled but if K2 decide to play hardball it will be for more than $800k.

Roc Nation have lawyers and they know all this just fine. I very much doubt they think they won't end up paying GGG. Personally I suspect this is all just part of the Cotto smokescreen to wriggle out of the possibility of him looking like he's running from GGG.

Relax, Johnny Cochran, Cotto's manager said they are going to look in to it to see if they still have to pay or not. He didnt say anything about not paying, he said he's going to see what's up.

[bigjavi973]

HEY SEXY BOY. you have a lot of points to your name.

How about you private message me and send me some points. I can do a nude show on skype for you?

pts sent homie! Now go place some bets on this fight

[bigjavi973]

GGG will win this court battle!!! because Cotto and GGG agreed on 800k b4 Cotto-Canelo was signed, and now that WBC stripped Cotto which is between Cotto and WBC

Its easy to understand, 800k was between GGG-Cotto ONLY, so when GGG steps aside for Cotto-Canelo to gets signed then at that moment Cotto owes him 800k.

whereas 300k was between Cotto-WBC ONLY, so when WBC stripped him then it doesnt change the fact that GGG already stepped aside to let Cotto-Canelo gets signed

you people need to stop confusing other poster who don't really follow boxing.

A step aside agreement DID NOT disallow the fight to happen. The step aside agreement was for the fight to be sanctioned by the WBC as a world title fight.

Two completely different things.

With or without the WBC title, the fight was gonna happen.

[techdude69]

Diva Cotto is obligated to pay GGG the 800k. GGG agreed to step aside and accept the payment. Cotto needs to man up now and pay GGG.

[bigjavi973]

WTF are people talking about. Many fighters are ranked by multiple organizations. I didn't do a thorough read, but I couldn't find a WBC rule stating they can't make a mandatory out of a title holder for another belt.

Maybe others have more time to read it.

http://wbcboxing.com/wbceng/Rules/WBCRulesandRegulationsJanuary2014.pdf

B-hop held al four titles,

If organization don't rank the best, it's immobile anyone ever unifies all the belts.

Cotto paid Rubio a step aside fee so he ok'd gain the championship in the first place.

Cotto agreed to do the same to GGG so he could wait one more fight before getting his teeth knocked in.

Now Cotto is close to having to make that choice, and suddenly he is complaining.

Bhop didn't hold 3 titles & an interim title... he had all legit world titles. There's a difference there.

Also, isn't it the "champion" who pays the step aside fee???

if so on what you said is true, that cotto, the challenger, paid the step aside fee, why isn't anyone saying anything to canelo & his camp?

[bigjavi973]

So you agree with that other dumb fck that believes Cotto went through all this sht with the WBC with the sole intention of screwing over Golovkin lmaO that's what his motivation was entirely this whole time?!

If you believe that you're a fckin ****** as well

cotto is a genius!!! hahahahaha the lengths people reach to!

[turnedup]

This Cotto nonsense is an astoundingly ****** attempt to rewrite history. He's the last one on earth to talk about financial motivation and fairness...

[aboutfkntime]

I tried to tell everyone this 2 days ago.....

Right, I'm gonna say it..... K2 bribed the WBC.

The reason why the WBC do not recognise Wladimir Klitschko in their top 10 at heavyweight..... is because it is against their rules to recognize the WBA champion.

So why have they suddenly decided to.....
1) recognise Golovkin
2) install him as mandatory
3) install him as IMMEDIATE mandatory
3) Proudly announce to the world that Golovkin is the WBC mandatory
4) Proudly announce to the world that they will not allow a catchweight (wtf?) why on earth would they suddenly decide to issue a press release confirming those details (wtf?)
5) Proudly announce to the world that the winner will be stripped if Golovkin refuses a catchweight and the fight falls over

Why would they have taken it upon themselves to issue all of those press releases.

They have laid out the red-carpet for Golovkin, and have removed all obstacles for him..... despite it being blatantly against their rules.

Happy that Cotto is not falling for this bull****, and proud that he is not allowing himself to be used as a stepping stone by that hypejob.

Once again...... I am absolutely positive that Golovkin can fight BOTH Canelo AND Cotto if he wants to..... he just has to be a man of his word and accept a reasonable catchweight from the A-side.

He said that he could do it.

#WeBeCorrupt
#TeamHypekinonaroll

[aboutfkntime]

The wbc finally rated the number one guy correctly. You should be pointing your finger at the multiple errors Cotto has made. Instead all of you want to blame someone else for this fiasco when the real culprit is in front of you. But you all hate ggg so you have to blame an organization who violated its own ****** rule and finally did the right thing. Makes sense. Only on here.

They did it for MONEY..... AGAINST their own rules

And they attempted to fk over a boxing legend in the process.

But let me guess..... that blatant flip-flop suits your fan-based agenda, so you wholeheartedly support it?

Right ?

#casualfansareclueless

[aboutfkntime]

Diva Cotto is obligated to pay GGG the 800k. GGG agreed to step aside and accept the payment. Cotto needs to man up now and pay GGG.

Only an absolute wankstain would support the WBC ahead of a proven legend.