Canelo has little bargaining power for Cotto fight

canelo90By Dan Ambrose: Thus far the 24-year-old Saul “Canelo” Alvarez (44-1-1, 31 KOs) and his management team at Golden Boy Promotions have come up empty in trying to get a fight against WBC middleweight champion Miguel Cotto (39-4, 32 KOs).

Canelo says he’s given in on everything that Cotto has asked for and yet he still can’t get him to sign the contract. The reality seems to be that Canelo and his promoter Oscar De La Hoya need to give Cotto a bigger purse split to make the fight worthwhile, and because Canelo doesn’t have the bargaining power right now to throw his weight around like he could do if it were another opponent under different circumstances.

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Cotto: The ball is in Canelo’s court

canelo6756By Dan Ambrose: WBC middleweight champion Miguel Cotto (39-4, 32 KOs) is saying that it’s up to his 24-year-old challenger Saul “Canelo” Alvarez (44-1-1, 31 KOs) if he wants to face him in 2015.

Canelo has been complaining that he met the conditions for the fight in agreeing to what the 34-year-old Cotto has asked of him, yet the fight contract is still not signed. Those conditions, which are reportedly financial, don’t appear to have been met because Cotto’s adviser is saying that that the financial part of the negotiations still need to be worked out.

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Canelo: I’m not going to wait for Cotto much longer

canelo33By Dan Ambrose: While the 24-year-old Saul “Canelo” Alvarez (44-1-1, 31 KOs) is currently belt-less in terms of titles, and is coming off of a fight against Erislandy Lara that many boxing fans felt that he lost, Canelo is saying that he won’t wait much longer for WBC middleweight champion Miguel Cotto (39-4, 32 KOs) to decide whether he’ll fight him or not next on Canelo’s chosen date of May 2nd.

Canelo says he gave the 34-year-old Cotto what he wanted in the contract negotiations, and he doesn’t understand why he’s not signing the contract. Unfortunately for Canelo, it doesn’t look like he gave Cotto and his management what they wanted as far as the financial part of the contract goes.

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Does Canelo deserve a 50-50 purse split with Cotto?

canelo878By Dan Ambrose: The negotiations between WBC middleweight champion Miguel Cotto (39-4, 32 KOs) and challenger Saul “Canelo” Alvarez (44-1-1, 31 KOs) has reached a sticking point for various reasons for their planned May 2nd fight on HBO pay-per-view.

It seems that one of the reasons the fight negotiations has reached a stall is due to the money split. Cotto’s team obviously want the bigger cut of the financial pie, and it appears that they’re getting that judging by the comments of Cotto’s adviser Gaby Penagaricano.

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De La Hoya: The Cotto vs. Canelo fight will continue the Mexico vs. Puerto Rico boxing rivalry

canelo632By Dan Ambrose: Golden Boy Promotions President Oscar De La Hoya is banking on the proposed fight between WBC middleweight champion Miguel Cotto (39-4, 32 KOs) and Saul “Canelo” Alvarez (44-1-1, 31 KOs) reviving the Mexico vs. Puerto Rican rivalry like it was in the past when the likes of Antonio Margarito and Cotto faced each other in two bouts.

The Cotto-Canelo fight still hasn’t been negotiated and there are major questions whether it’s a fight that can be negotiated unless there’s movement on the side of the 24-year-old Canelo. If Al Haymon’s alleged $40 million offer to Cotto to face Floyd Maywesther Jr is true, then it’s very likely that Cotto will take that offer.

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Not buying Oscar’s “All terms agreed” message

delahoya7777By Robert “Big Moe” Elmore: If anybody has studied my writings, I always champion for fighters to be more active in their careers. Saul “Canelo” Alvarez with the help of Oscar De La Hoya, seems to be taking that approach. But his approach comes with a twist. He wants to reclaim the Mexican holidays (Cinco De Mayo and Mexican Independence Day) away from the current occupant Floyd Mayweather. Oscar told fighthype.com that Canelo has agreed to all terms.

Ring Magazine online, my main source, tells an entirely different story. Let’s point out a few facts here. Fact one, Todd Du Boef and Gabriel Penagaricano (Cotto’s advisor) are leading negotiations for this fight. Not Arum. He was simply brought on to help move things along. Fact two; they are still negotiating and Cotto has not been informed yet of negotiations. Fact three; the venue has not been decided upon.

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Canelo agrees to terms for Cotto fight on May 2nd on HBO

canelo035By Allan Fox: Mexican super star Saul “Canelo” Alvarez (44-1-1, 31 KOs) has reportedly agreed to fight terms for a May 2nd mega-fight against WBC middleweight title holder Miguel Cotto (39-4, 32 KOs) on HBO pay-per-view from either Texas or Las Vegas, Nevada.

The 34-year-old Cotto still hasn’t worked out his side of the negotiations, but he’s expected to.

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Canelo: I’ll be fighting on May 2nd and I won’t move from the date

canelo15By Dan Ambrose: A stubborn Saul “Canelo” Alvarez (44-1-1, 31 KOs) is insisting that he’ll be fighting on May 2nd on Cinco de Mayo in 2015 despite the fact that the arguably more popular WBA/WBC welterweight champion Floyd Mayweather Jr has already said that he intents on fighting on that date.

Canelo previously said that he was going to be fighting on the Mexican holidays in May and September regardless if Mayweather would be fighting on that date, because he wants to take those dates back.

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Canelo confident he’ll be facing Cotto next May in catch-weight fight at 155

canelo44By Dan Ambrose: Former WBA/WBC 154 pound champion Saul “Canelo” Alvarez says he believes he’ll have a deal made with WBC middleweight champion Miguel Cotto in the next couple of weeks for a catch-weight fight at 155 pounds for Cinco de Mayo holiday weekend next year in May.

Canelo (44-1-1, 31 KOs) says he wants to stay at junior middleweight even though he’s fighting for Cotto’s WBC middleweight belt. With Canelo struggling badly to stay at 154, you have to wonder why he’s persisting at staying at the weight. The obvious answer is the big fights that the 24-year-old Canelo can get against the likes of Floyd Mayweather Jr and Manny Pacquiao.

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De La Hoya expects Cotto-Canelo to draw over 1 million PPV buys on HBO

canelo67By Dan Abrose: Golden Boy Promotions president Oscar De La Hoya is confident that the proposed May 2nd showdown between WBC middleweight champion Miguel Cotto (39-4, 32 KOs) and Saul “Canelo” Alvarez (44-1-1, 31 KOs) will bring in over 1 million pay-per-view buys on HBO, and give the two fighters the biggest paydays of their careers.

The Cotto-Canelo fight likely won’t do nearly as well as when the two fighters each fought Floyd Mayweather Jr . However, they’ll be getting a much bigger purse split in facing each other than they did against Mayweather, and that ultimately could mean a bigger payday for them if the fight does as well on HBO PPV as De La Hoya seems to think it will.

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