By Dan Ambrose: Miguel Cotto (37-3, 30 KO’s) recently turned down a whopping $13 million to fight Manny Pacquiao at a catchweight of 150 lbs, according to Dan Rafael of ESPN. Instead of fighting Pacquiao for big money, Cotto will be taking on WBA World junior middleweight champion Austin Trout for considerably less than that.
Pacquiao’s promoter Bob Arum told Rafael about the $13 million offer made to Cotto for the Pacquiao, and that was a guaranteed offer for their rematch. It was after Cotto said no to the rematch with Pacquiao that Arum then selected 39-year-old Juan Manuel Marquez to be the one to fight Pacquiao on December 8th.