Cotto vs Canelo Deal Off.

[TimFreza]

Seems like Cotto is demanding NY or no fight.

The agreement months ago revolved around networks and the purse splits for revenue, gates and everything like that. Now I don’t want to be quoted in any of this, because I’m not giving up my sources. The same way I announced GGG vs Lemeiux 8 hours before it was officially announced ;).

Anyhow the agreements Cotto and Canelo originally covered didn’t cover aspects of the deal such as specific venues. It was just setting the purse splits in terms of country revenue and gate earnings etc etc. It was the bare essentials to making this kind of fight happen. Now a lot of the media in the boxing world, myself included jumped the gun and rushed to report that the fight was done.

Now let me remind you of one other major aspect of the deal. ‘Miguel Cotto’s ego’. Now Cotto has saved every cent he has earnt in his career and his net worth is probably $100m, could be more, who knows? But his attitude seems to be at the moment this. Either Miguel Cotto gets the fight at MSG or Miguel Cotto walks. It was never going to be easy to make a fight with Cotto, he has been in the game longer than Canelo and I assume he see’s that as a reason why certain things should go his way. An ominous warning to how out of control his ego was becoming, could be seen over the past couple of years, when he started talking about himself in third person. It’s the kind of actions that turns kids away from supporting boxing.

Anyhow, so the fight is close to done. But from recent reports it’s closer to collapsing completely. Cotto wants New York or he walks. Golden Boy and Canelo I’m sure will try explain how lucrative Vegas is In terms of gambling revenue. But realistically when it comes to Cotto over the last three years, once he says something, he does it. His ego is that big, that negotiations must be torture at the moment. Keep in mind Canelo has quite an ego to, but the deal breaker seems to be Cotto wanting to stage the bout in NY where there is no gambling revenue and both fighters will probably miss out on an extra few million $. Now for Cotto he doesn’t care, what’s $1 or $3 million to his overall net worth?


It’s New York or no fight so it seems. And no one knows how it’s going to go at the moment. Reports are an emergency negotiation meeting is being planned. Hopefully for the sake of boxing this fight goes through.

http://boxing-kingdom.blogspot.com.au/2 ... tions.html

[jamesmcdonnell]

Seems like Cotto is demanding NY or no fight.

The agreement months ago revolved around networks and the purse splits for revenue, gates and everything like that. Now I don’t want to be quoted in any of this, because I’m not giving up my sources. The same way I announced GGG vs Lemeiux 8 hours before it was officially announced ;).

Anyhow the agreements Cotto and Canelo originally covered didn’t cover aspects of the deal such as specific venues. It was just setting the purse splits in terms of country revenue and gate earnings etc etc. It was the bare essentials to making this kind of fight happen. Now a lot of the media in the boxing world, myself included jumped the gun and rushed to report that the fight was done.

Now let me remind you of one other major aspect of the deal. ‘Miguel Cotto’s ego’. Now Cotto has saved every cent he has earnt in his career and his net worth is probably $100m, could be more, who knows? But his attitude seems to be at the moment this. Either Miguel Cotto gets the fight at MSG or Miguel Cotto walks. It was never going to be easy to make a fight with Cotto, he has been in the game longer than Canelo and I assume he see’s that as a reason why certain things should go his way. An ominous warning to how out of control his ego was becoming, could be seen over the past couple of years, when he started talking about himself in third person. It’s the kind of actions that turns kids away from supporting boxing.

Anyhow, so the fight is close to done. But from recent reports it’s closer to collapsing completely. Cotto wants New York or he walks. Golden Boy and Canelo I’m sure will try explain how lucrative Vegas is In terms of gambling revenue. But realistically when it comes to Cotto over the last three years, once he says something, he does it. His ego is that big, that negotiations must be torture at the moment. Keep in mind Canelo has quite an ego to, but the deal breaker seems to be Cotto wanting to stage the bout in NY where there is no gambling revenue and both fighters will probably miss out on an extra few million $. Now for Cotto he doesn’t care, what’s $1 or $3 million to his overall net worth?


It’s New York or no fight so it seems. And no one knows how it’s going to go at the moment. Reports are an emergency negotiation meeting is being planned. Hopefully for the sake of boxing this fight goes through.

http://boxing-kingdom.blogspot.com.au/2 ... tions.html

Is Cotto mad? Unless he is just angling for more money, then he's stupid to insist on a venue which generates less money for the promoter.

[expe]

I'll wait until a credible source says it's off, not going to trust a site that bad when no one else is reporting it.

[jamesmcdonnell]

I'll wait until a credible source says it's off, not going to trust a site that bad when no one else is reporting it.

Probably just some last minute wrangles.

[cocka09]

The entire thing sounds like balderdash

[Kingfield]

first off he states how much cotto looks after money then ends with saying whats $1 or $3m to him.

awful and makes no sense.

[Boxing Prospect]

Tbh this never seemed as "done" as some were suggesting...talk about rematch clause, canvas colour, first name on the promotion...a lot of small niggles...

[Badhusker]

Ben Thompson at spam says its a done deal, and will be in Vegas. I never trust one source, so we will see.

[sucracristo]

GGG had to be handed lemieux and guaranteed the winner of cotto-canelo in order for
him and the WBC to agree to let the cotto-canelo fight happen. cotto can walk away
from canelo if he wants, but that means he must immediately sign to fight GGG or
be stripped of the title. i doubt cotto negotiates any of this stuff. anyone involved in
any deals with lawyers knows that lawyers will argue over everything all day, and use
2 or 3 other things in order to bargain for one thing they really care about, and that is
always money in the end. cotto will sign when he absolutely has the best deal he can
get, negotiated by professionals. any talk of walking away is a pure bluff. his only
shot at canelo without the WBC title is to go back down to campaigning at 154, maybe
taking the ibf title that charlo is going to take from bundrage next month, and by then
cotto would be another year older, he would get paid even less, and canelo might have
better options. it's almost a now or never scenario for cotto.

[Badhusker]

Cotto will lose the title whether he fights GGG or not.

[Andrew]

https://mobile.twitter.com/RealMiguelCo ... 2122748928