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Golovkin-Jacobs: The WBA Wants Deal, Gives Purse Bid Extension

By Edward Chaykovsky

The World Boxing Association has issued a purse bid extension for the ongoing negotiations to make a middleweight showdown between middleweight champions Gennady Golovkin and Daniel Jacobs.

Golovkin holds the WBA's 'super title' at the weight, while Jacobs is the 'regular' champion. The two sides had until October 10th or a purse bid was going to be ordered. If it goes to a purse bid, the split is 75-25 in favor of Golovkin. 

The two sides are negotiating the terms for an HBO televise date of December 10th, with the Barclays Center and Madison Square Garden as potentials venues to host the fight in New York City.

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WBA President Gilberto Mendoza Jr. extended the purse bid deadline, according to information provided to the Los Angeles Times.

As BoxingScene.com previously reported, Jacobs' handlers have filed a request to modify the purse bid monetary terms to a 60-40 split.

Golovkin's promoter, Tom Loeffler of K2 Promotions, made a request to the WBA for an immediate purse bid, but the sanctioning body would rather see both sides reach a deal and extended the purse bid date.

“If they can reach an agreement by Oct. 12, we just ask for contracts,” Mendoza said. “If they can’t, I’ll call for a purse bid within 10 days [Oct. 22] and we’ll then release what we decided. They don’t know right now. Honestly, it’s a good fight for the sport and I’m trying to be fair with Jacobs and Golovkin,” Mendoza said.

Should the fight go to a purse bid, it was create an interesting situation - because Golovkin is contracted to HBO, while Jacobs fights under the Premier Boxing Champions banner and Showtime. Jacobs has no problem with fighting Golovkin on HBO. But if Jacobs' manager/adviser Al Haymon wins the purse bid and wants to place the fight on a network outside of HBO's scope - will HBO allow it to happen or will Golovkin be forced to vacate his title.

“We are definitely interested and will aggressively pursue,” Golovkin-Jacobs, Showtime Executive Vice President Stephen Espinoza told The Times in a text message Friday.

User Comments and Feedback (Register For Free To Comment) Comment by aboutfkntime on 10-12-2016

Team Bullsh1t killed the Canelo fight, NOW they will kill the Jacobs fight. Way to go Team Bullsh1t..... too much to ask you to negotiate in good faith, huh? One thing is clear..... after all these years, the guys who…

Comment by aboutfkntime on 10-12-2016

[QUOTE=OnePunch;17114778]right, because its always important for negotiations to be complete at least a year before the fight.....[/QUOTE] what are you talking about ? Canelo offered lil'G 10mil..... lil'G [B]REFUSED[/B] 10mil, and is now negotiating with Jacobs. You can paint that…

Comment by S7V7N on 10-12-2016

Correct me if I'm wrong, but aren't offers made with $'s & not %'s on regular tv deals that aren't on PPV? Wouldn't that mean that K2's offer would be an actual number? Say 2mil? But if Jacobs thinks the…

Comment by OnePunch on 10-11-2016

[QUOTE=aboutfkntime;17114386]did that really not occur to you when[B] lil'G turned down 10mil for Canelo?[/B][/QUOTE] right, because its always important for negotiations to be complete at least a year before the fight.....

Comment by Mammoth on 10-11-2016

[QUOTE=aboutfkntime;17114386]did that really not occur to you when lil'G turned down 10mil for Canelo?[/QUOTE] Well, hopefully they have enough time to finalize that fight. It's only 11 months away.

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