Cotto can't escape his contract, pays GGG his 800k step aside fee

[M Bison]

Paid 800k to masquerade around as a fake WBC champ? Oh boy!

[Trinidad_Fan]

Cotto hating is a fulltime job.
LOL.

[OnePunch]

Well maybe not. Golden Boy is currently suing Roc Nation over all this.

well considering Canelo currently has the title, and won it in the fight, I'm not sure how they could substantiate any "damages".

If they are trying to claim the fight would have done more buys had Cotto not vacated, then good luck trying to prove that lol

[boliodogs]

Good. Cotto always gets his way so it's good to see him have to keep his word and live up to what he agreed to do in writing.

[AddiX]

When people talk about the lack of big names on GGG resume, your a moron if you don't see how hard the entire division ducks this man.

[Eastcoast]

well considering Canelo currently has the title, and won it in the fight, I'm not sure how they could substantiate any "damages".

If they are trying to claim the fight would have done more buys had Cotto not vacated, then good luck trying to prove that lol

Steve Kim reported that once Cotto dropped the title, GB started contesting the split ratio, now it's going to court. I imagine GB will argue they would've fought Cotto without the title on the line as they tried the year before when Cotto decided to fight Martinez instead. Cotto was using the belt as a marketing tool then dropped it prior to the event.

[.:: JSFD26 ::.]

How that $800k fee was even being disputed was weird to me, but good to hear Cotto did the right thing as GGG had nothing to do with the Cotto vs the WBC sanctioning fee bs.

The right thing? If it was down in a contract he HAD TO do it.

I'm told @RealMiguelCotto did pay the $800,000 step-aside fee to @GGGBoxing ...

— Lance Pugmire (@latimespugmire) December 15, 2015

Well, at least he still saved 300k for vacating doe

Good bidniss moves by Miguel Cotto.

Vacated the belt only to still end up paying 800k.

[SUBZER0ED]

I think at some point shortly before the fight, Cotto realized he probably wouldn't beat Canelo. He had already agreed to pay GGG a step-aside fee, but upon realizing he would lose to Canelo, he tried to get the sanctioning fee reduced. When that failed, he just refused to pay it. He was already going to be out $800k, why pay an additional $300k to keep the belt that he knew he would soon lose to Canelo? After the WBC stripped Cotto, he figured he didn't need to pay Golovkin the $800k (he said he was keeping the 1.1mill in his bank account). He must have forgotten about a little something called legal obligation and a potential lawsuit for failing to live up to it.

[DeadLikeMe]

When people talk about the lack of big names on GGG resume, your a moron if you don't see how hard the entire division ducks this man.

Spoken like a true GGG fan

[Eastcoast]

The right thing? If it was down in a contract he HAD TO do it.

Good bidniss moves by Miguel Cotto.

Vacated the belt only to still end up paying 800k.

It was just a $800k 'Don't kill me I just need leverage over Canelo' fee.


That kind of indicts him in the GB/RN lawsuit. Cotto paid Golovkin $800k in order to gain a split advantage over Canelo. GB is arguing that w/o the belt the split would've been more fair.