Golovkin Declines Golden Boy’s Final Offer for Canelo Rematch

By Keith Idec

Gennady Golovkin has turned down what Oscar De La Hoya has said was his final financial offer for a rematch with Canelo Alvarez.

Tom Loeffler, Golovkin’s promoter, told Golden Boy Promotions president Eric Gomez of Golovkin’s decision before the deadline of noon PT Wednesday that Gomez and De La Hoya gave Loeffler on Tuesday.

Golovkin declined a 57.5-42.5 revenue split that would’ve favored Alvarez, more than the 65-35 split Golovkin initially accepted for a lucrative middleweight championship rematch that was supposed to take place May 5.

canelo-golovkin-london (3)_1

Their second fight, which would’ve been televised by HBO Pay-Per-View, was to be rescheduled for September 15 at T-Mobile Arena in Las Vegas.

“No fight,” De La Hoya told “There is no fight. We want the fight. Tom Loeffler wants the fight. Clearly the only person here who doesn’t want the fight is Triple-G. The fans want the fight. We bent over backwards. We’ve come up and there’s no budge from him, so there’s no fight. One-hundred percent, there is no fight.”

According to, however, Golden Boy is willing to pitch an unspecified “Hail Mary” idea for deal that they’re in the process of sending to Golovkin.

An angered Golovkin demanded a 50-50 split for their rematch three weeks ago in large part because he wanted more compensation for the trouble Alvarez’s suspension for two failed performance-enhancing drug tests caused him. Kazakhstan’s Golovkin (38-0-1, 34 KOs) missed out on a huge payday May 5 because Alvarez (49-1-2, 34 KOs) was banned by the Nevada State Athletic Commission from fighting that night.

Golovkin instead fought Vanes Martirosyan on May 5 for a reported purse of $1.2 million. Martirosyan (36-4-1, 21 KOs), a junior middleweight contender who hadn’t fought in nearly two years, lost by second-round knockout at StubHub Center in Carson, California.

De La Hoya, Alvarez’s promoter, told Loeffler there was no way he would give Golovkin a 50-50 split. Continued negotiations led De La Hoya to improve his offer from 60-40 to 57.5-42.5 for a rematch of their controversial draw last September 16 at T-Mobile Arena.

Apparently, that still isn’t enough for Golovkin to accept terms for what would be boxing’s most profitable fight of 2018.

The 36-year-old champion could earn as much as $30 million if their rematch produces enough pay-per-view revenue. He might have had to fight five or six times to make that type of money for facing opponents other than Alvarez.

De La Hoya and Gomez pressured Golovkin for an answer by threatening to make a fight with Jacobs if Golovkin didn’t give them an answer by noon PT on Wednesday.

Brooklyn’s Jacobs (34-2, 29 KOs) gave Golovkin a difficult fight 15 months ago and would’ve provided Alvarez with a credible alternative if Golovkin declined Golden Boy’s offer. Golovkin dropped Jacobs in the fourth round and narrowly won a unanimous decision in their middleweight championship match in March 2017 at Madison Square Garden.

Jacobs isn’t satisfied with Golden Boy’s offer, but his handlers – promoter Eddie Hearn and manager Keith Connolly – are willing to continue negotiating to make that fight happen September 15 if Golovkin turned down Golden Boy’s improved offer.

Mexico’s Alvarez, 27, resumed training recently for what will be his first fight in almost exactly a year. His six-month suspension for twice testing positive for clenbuterol in February is expected to end after August 17.

Keith Idec is a senior writer/columnist for He can be reached on Twitter @Idecboxing.

User Comments and Feedback (Register For Free To Comment) Comment by sterilizer on 06-14-2018

[QUOTE=Mastrangelo;18858323]Love it! Canelo vs Jacobs, GGG vs Charlo![/QUOTE] Yes, I prefer that too. We already saw what GGG-Canelo looks like. NOT VERY EXCITING at all. If anyone thinks a 2nd installment would be any different, they are dead wrong. OTOH…

Comment by aboutfkntime on 06-14-2018

[QUOTE=fernandtg;18860868]So we'll be hearing BJS and Frank Warren flat out deny this BS, right?[/QUOTE] possibly they flat-out denied the " reported " 4.5mil that Team Bullsh1t supposedly offered him..... and confirmed it was only 1.5mil you could be right

Comment by aboutfkntime on 06-14-2018

[QUOTE=TonyGe;18860647]I was waiting for that. Even you have to admit [B]fighting above you weight class[/B] on a consistent basis is cheating.[/QUOTE] so, he WAS a jmw lol ? just checking

Comment by fernandtg on 06-14-2018

[QUOTE=aboutfkntime;18860190]that is exactly what I am saying you do not judge a man by his words, you judge a man by his actions [B]words:[/B] Team Bullsh1t, are called Team Bullsh1t..... for a damn good reason lol..... they have talked sh1t…

Comment by Noelanthony on 06-14-2018

[QUOTE=5000boxing;18860646]Lmao! eric molina.. I understand the fear you must all have for AJ now that Wilder has accepted your terms.. to see your hero in a coma would be devastating for the entire country!![/QUOTE] The pound could potentially drop against…

Post a Comment - View More User Comments (302)
Top Headlines Pavlik: I Would Rather Have Fought Froch Than Calzaghe Errol Spence: I Would Rather Fight Jessie Vargas Next Than Ugas Eddie Hearn Wants Fast-Moving Josh Kelly to Fight in America Paddy Barnes To Challenge For WBC Flyweight Belt, Aug 18 In Belfast Jamie McDonnell: I'm Going To 126-Pounds, Will Target Big Fights Lewis Benson believes he is taking reasoned risk in Coyle fight Usyk vs. Gassiev To Land in Moscow on July 21, Says RBF Exec Joe Joyce Willing To Face Bryant Jennings Next Hurshid Tojibaev, Two-Time Olympian, is Eager To Go Pro Arum Names Amir Khan as Possible Foe For Terence Crawford Ohara Davies Confident That He Would Beat Maurice Hooker Vijender Singh Aims To Impress Against Lee Markham, Win Title Errol Spence Continues To Make It Look Easy WBC Prez in High Spirits: Canelo-GGG Rematch Can Be a Classic! Miguel Berchelt Already on Weight, Feels Very Strong For Barros Yordenis Ugas Wants His World Title Crack at Errol Spence Arum Shakes Head at "Bad Blisters on Feet" Claim For Jeff Horn Artem Dalakian Knocks Out Thaiyen in Eight, Retains WBA Belt Artur Beterbiev is Appealing Recent Legal Victory For Michel Chris Byrd: Wilder Can't Take Pressure, Almost Lost To Old Man Photos: Angel Acosta Stops Carlos Buitrago To Retain WBO Belt Paul Smith Announces His Retirement From Boxing Danny Roman: I'd Like To Unify With Rey Vargas or Isaac Dogboe Spence Unimpressed: I Only Did What I Should've Done to Ocampo Photos: Danny Roman Outboxes Moises Flores, Keeps WBA Title Granados: Fortuna Was Looking For an Excuse, Let's Rematch! Photos: Granados vs. Fortuna Ends Early With Freak Accident Photos: Errol Spence Crushes Carlos Ocampo in One Round Spence: I Want Garcia vs. Porter Winner Whenever it's Available! Photos: Josh Kelly Breaks Down, Stops Kris George Photos: Lewis Ritson Crushes Paul Hyland Jr. in One Round Photos: Ricky Burns, Gavin McDonnell Get Big Wins in Newcastle Tony Bellew: I'll End Tyson Fury's Comeback Run, No Problem! Ocampo: I Got Overconfident at The End, Spence Caught Me Spence: A Little Disappointed, Wanted it To Go Until 4th or 5th Wilfredo Vazquez Jr. Retires Cristian Mijares With TKO in Three Angel Acosta Stops Carlos Buitrago in Final Round, Retains Title Hearn: Canelo-Golovkin Deal Pushes Back Joshua-Wilder Fight Jose Zepeda Survives To Score Dramatic Knockout of Carlos Diaz Richard Rivera Stops Jaime Solorio in The Eight Round

Latest Active Forum Threads