Cotto to make $5 million, Margarito $2.5 million for December 3rd fight
By Eric Thomas: In the latest boxing news, WBA junior middleweight champion Miguel Cotto (36-2, 29 KO’s) and Antonio Margarito (38-7, 27 KO’s) are going to do really well for themselves in their December 3rd rematch at Madison Square Garden in New York. Cotto, 30, will bring in a minimum of $5 million in addition to a percentage of the pay per view sales for the $54.95 PPV bout.
Margarito, 33, won’t do badly himself, as he’ll be getting a guaranteed $2.5 million plus a smaller percentage [compared to Cotto] of the PPV sales. It really depends on how well this fight does on PPV to come up with the final totals for each fighter.
The fight obviously won’t do as well as a Manny Pacquiao or Floyd Mayweather Jr. fight, but Margarito will bringing in a lot of Mexican fans in the U.S, who will want to see if he can beat Cotto one more time. What will really help with the PPV sales is that the Margarito-Cotto fight will have an HBO 24/7 series put together for this fight, which could help draw enough interest to at least bring in as much as 1 million PPV buys. Anything over 1 million will mean big cash for Cotto and Margarito.
Cotto said this to the Los Angeles Times: “What other names are out there for me to make money against? Floyd, who just fought fought Saturday, Manny and Antonio. You think Sergio Martinez will make me this kind of money?”
Martinez has been trying to get a fight against Cotto for well over a year, but Cotto has zero interest in mixing it up with the hard hitting Martinez. It’s a good thing that he doesn’t, because Martinez is probably much too powerful and quick for Cotto. The fight would almost guaranteed end with Cotto taking a terrible beating. At least with Margarito, Cotto has a fighting chance because Margarito is looking like he’s lost his skills and is no longer what he was the last time he stopped Cotto three years ago.