WOW is this the beginning of the end for the alphabet soups?

[nivek535]

I'm going to start up my own sanctioning body. The initials will be F A G

Fworld Aboxing Gorganization
sounds about right

[LomaUsykKlichko]

Let's be honest the only reason he dropped the belt is because he was in a lose lose situation if he loses to Canelo he loses the belt he wins was gonno get stripped anyway because he was not gonno fight GGG

[Eff Pandas]

I think this Cotto thing is meaningless in the grand scheme of things for alphabet groups. I do think its another straw on the camels back. It wasn't long ago people didn't seem to mention sanctioning fees at all. Eventually enough straws will get laid on the camels back & these corrupt groups will be removed from the sport one way or another.

[ИATAS]

This is certainly not one of those times when a fighter is standing up for justice. In fact, it's one of the rare times the WBC is in the right and the fighter is in the wrong.

RavshinRicRude you's a good dude but I don't think you really understand what's gong on here.

[extracurRICular]

I'm going to start up my own sanctioning body. The initials will be F A G

how apropos

[extracurRICular]

This is certainly not one of those times when a fighter is standing up for justice. In fact, it's one of the rare times the WBC is in the right and the fighter is in the wrong.

RavshinRicRude you's a good dude but I don't think you really understand what's gong on here.

Care to explain?

[extracurRICular]

Ric -

PBC is the beginning of the end of the sanctioning bodies. Cotto giving up his belt is irrelevant in the grand scheme of things.

If you want one legitimate champion ala UFC, then PBC is boxing's only hope.

I actually made a post about that when PBC was announced so im right there with ya brotha...........

[ИATAS]

Care to explain?

Sure, why not.

After Cotto's voluntary defense against Geale, team Cotto contacted K2 to negotiate a step aside deal that would delay the mandatory fight and allow the Canelo fight to happen first. They agreed to pay Golovkin $800,000, for him to step aside from his mandatory position to allow the Canelo fight. And now Cotto is reneging on that deal.

It's pretty obvious that Cotto/Roc Nation only used the belt as leverage in the negotiating table with Canelo. It was there way of saying "look, I'm champion, so we deserve X amount of dollars" and now that the fight is a done deal, they absolutely don't give a flying **** ass about the belt, it was only about the money to Cotto. It was a calculated move by Team Cotto from the start since he now has absolutely no obligation to fight Golovkin should he win and he doesn't have to pay the step aside money and sanctioning fee, at least that's what he's trying to do but K2 is taking legal action. From what it seems, the agreement they made was legally binding so likely Roc Nation/Cotto is going to have to pay the $800,000 regardless, win, lose or draw. The smaller chunk of money was typical from a high profile championship fight, where Cotto is going to make $20 million+ ($300k sanctioning fee, capped off), which of course Cotto's promoters have always paid before no problem. His only issue here is NOT paying the step aside money to Golovkin.

I'm sorry but this whole situation would have been avoided months ago if Cotto would have dropped the belt, either before or after Geale. He still could have fought Canelo with no obligations to his mandatory and thus no step aside necessary. However, the belt was very important to Cotto so he could use it as leverage against Canelo in order to secure a higher percentage of the purse. Well, if you're going to do that, then there are obligations to that belt and sanctioning body, thus the hot mess now created from his choices to squeeze a few extra dollars from Canelo.

[Luiz]

Belts will never end. Belts are fighters history.

You think that Floyd regrets of some fee that he paid long time ago?

[Tony Trick-Pony]

WOW is this the beginning of the end for the alphabet soups?

I can NOT THANK Cotto enough!!! even though he about to catch a Puerto Rico size ass whoppn' on Saturday.......HE finally did what MANY before him SHOULD HAVE DONE!!!!!!!!

that is tell the alphabet soup fookers FOOOOOK YOU take your belt and shove it up your ars hole!!!!!


I commend Cotto and his camp for standign up to these sons of bithces who dont' give two flying sh^ts about the sport of boxing or its integraty....all those greety fooks want is money...

I hope this is the beginning of many other champions giving these fookin organizations the middle finger and saying fook you I don't need your sh$t belt

and perhaps we can start the road to ONE LEGITIMATE champion in each division under ONE sanctioning body to find the true champions (ala UFC)

I really hope it is the end, man. This five champions per division thing has to go. Leave it to the WBC to do something so corrupt. I'm not big on complimenting Mayweather, but I believe he did the same thing a few years back when he refused to pay the sanctioning fee by one of the organizations. Let's face it. With a fight this big, the belts are not needed at all. If the alphabets want to hang around, they'll have to start dropping the fees which ultimately would put them out of business. The WBC was close to going bankrupt a few years back. Maybe it will happen soon.