By Mark Vester
As many expected, WBO welterweight champion Miguel Cotto extended his contract with Top Rank as part of the deal to land a mega-fight with Manny Pacquiao for November 14 at the MGM Grand in Las Vegas. Several months ago, Cotto became angry with Top Rank's support of Antonio Margarito, who had his license revoked by the California State Athletic Commission. He told outlets that he would explore his options at the end of the year, when his contract was expected to run out.
A recent game of golf in Puerto Rico with Oscar De La Hoya, owner of Golden Boy Promotions, heated up rumors that Cotto might leave Top Rank at the end of the year.
"We have a contract extension, which was one of the arrangements made as part of the negotiations for the Pacquiao fight," Arum told Primera Hora.
Cotto's new deal is expected to expire at the end of 2011.
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