Canelo Álvarez - Gennady Golovkin II - Negotiations

[Ruthless-RKO]

Tom Loeffler spoke optimistically Tuesday about the likelihood of finalizing a deal soon for a Gennady Golovkin-Canelo Alvarez rematch.

Golovkin’s promoter told BS.com that there’s a “structure in place” for an agreement. If the deal is consummated, Mexico’s Alvarez and Kazakhstan’s Golovkin are expected to fight again in an HBO Pay-Per-View main event September 15 at T-Mobile Arena in Las Vegas.

“I’ve been in regular contact with Eric,” Loeffler said, referring to Golden Boy Promotions president Eric Gomez. “Both promoters, we’re ready to go to start promoting this fight. We’re just waiting on the fighters’ side, just to finalize any of the outstanding details there would be. … There is, for sure, a structure in place for it to take place – basically for it to be rescheduled from the May fight to the September date.”

Loeffler discussed negotiations for the Golovkin-Alvarez rematch during a break from the IBF’s hearing on the status of Golovkin’s mandatory title defense against Sergiy Derevyanchenko (https://www.BS.com/golovkin-de ... on--128409). Whatever the IBF rules regarding Golovkin and Derevyanchenko (12-0, 10 KOs), Golovkin almost certainly will face Alvarez again in his next fight.

The 36-year-old Golovkin (38-0-1, 34 KOs) and his handlers considered it a positive step last week when Alvarez agreed to take part in the Voluntary Anti-Doping Association’s testing program 365 days per year (https://www.BS.com/canelo-alva ... nd--128187).A lvarez remains suspended by the Nevada State Athletic Commission, but his suspension should end after August 17 because his six-month ban is retroactive to the date of his first failed test for clenbuterol (February 17).

Loeffler and Gomez made it clear that their shared priority was to reschedule the Golovkin-Alvarez rematch once Golovkin knocked out Alvarez’s late replacement, Vanes Martirosyan, on May 5 at StubHub Center in Carson, California. Negotiations have advanced accordingly over the past two weeks.

“It wouldn’t be a long, drawn-out negotiation like it was before [for May 5],” Loeffler said. “It’s the biggest fight for both guys and it seems natural that both guys would want the fight. At the same time, you know, that’s why we’re here [at the hearing]. Gennady has certain obligations as a unified champion, and so that’s what we’re trying to do – if we can do the Canelo fight, appease the fans and what’s best for the sport, as far as doing the biggest fight in the sport of boxing. At the same time, we’re trying to abide by the rules of the sanctioning bodies that he has titles of, and those things don’t always connect.”

[Ruthless-RKO]

Golovkin Signs Up for Advanced VADA Testing, Will Start Soon

Gennady Golovkin followed through on his recent pledge to submit to even more stringent testing by the Voluntary Anti-Doping Association.

Golovkin participated in random blood and urine testing by VADA from early February through his second-round knockout of Vanes Martirosyan on May 5 as part of the WBC’s Clean Boxing Program.

Trainer Abel Sanchez estimated two days before Golovkin beat Martirosyan that Golovkin had been tested 10 times for performance-enhancing drugs during that three-month period.

To further demonstrate his commitment to proving he is a clean fighter, Golovkin has reached an agreement with VADA to be tested even more often than if he only were enrolled in the Clean Boxing Program.

“He was tested through his fight May 5 and we enrolled this week to continue testing to his next fight,” Tom Loeffler, Golovkin’s promoter, told BS.com on Tuesday. “We inquired last week and then I just sent the confirming email today to VADA. So they’re gonna start probably as soon as he gets back to L.A. with his testing.”

The 36-year-old Golovkin (38-0-1, 34 KOs) is paying for his additional VADA testing from now through his next fight, likely a rematch against Canelo Alvarez on September 15 in Las Vegas.

Alvarez agreed last week to subject himself to VADA’s random blood and urine testing 365 days a year. The suspended superstar also is paying for his stricter testing program in the aftermath of a PED ordeal that forced the cancelation of his lucrative rematch against Golovkin on May 5.

Alvarez’s enrollment in VADA’s year-round testing program improved the odds of a Golovkin-Alvarez rematch being rescheduled soon for September 15.

“It’s a big step forward,” Loeffler said. “Originally, there were some statements made that he wouldn’t enroll until a contract was signed for his next fight. But for a guy trying to proclaim his innocence, we definitely think he did the right thing. Gennady is gonna be testing all the way through to his next fight, and we definitely think it’s a step in the right direction for Canelo to do that. Frankly, in light of what happened with Canelo’s positive tests, Gennady is gonna require that of any future opponent, that they’ll be enrolled in the VADA testing.”

Fans and media criticized Alvarez for failing to remain in the WBC’s Clean Boxing Program following the extension of his suspension April 18. Golovkin, meanwhile, told BS.com two days before he beat Martirosyan that he would submit to intensified testing following that bout.

“Gennady’s been committed to a clean sport, to respecting the sport of boxing,” Loeffler said. “And Abel has been very outspoken about wanting Gennady to be tested and his opponents to be tested. Because Abel doesn’t want any aspersions [cast on Golovkin] because of his knockout power.

“Abel said from the beginning people are gonna start questioning why he’s hitting so hard, so he felt that it was critical that Gennady be tested. And with everything that has come up now with testing, and when that testing actually starts, it’s critical that anyone that fights him is enrolled with the VADA testing.”

[Enlightened-One]

It seems that Canelo really fancies his chances in the Golovkin rematch, despite the widespread perception that GGG may have edged in during their first bout.

Despite being the proverbial A-side that is capable of earning $40m paydays against anyone not named Golovkin, Canelo appears to have jumped through all sorts of hoops recently in order to ensure the September rematch takes place, such as submitting hair follicles for further testing, receiving extra out-of-competition testing from the NSAC, as well as voluntarily signing up for extra 365 days per year (out-of-competition) VADA drug testing, even though he’s not particularly bothered about owning the WBC title.

Can a 36 year old fighter perform as well as they did when they were a year younger? Some fighters decline quickly when they reach a certain age.

Can a 27 year old fighter perform better than when they did the year prior, especially considering they’ve had much longer to grow accustomed to their new weight class?

I don’t really care who wins this fight, since both men aren’t particular good at speaking English and I have nothing in common with either man. I simply enjoy watching both men compete, since they both engage in action-packed bouts.

I just hope they give us a great fight, regardless who wins.

[Ruthless-RKO]

I don’t really care who wins this fight, since both men aren’t particular good at speaking English and I have nothing in common with either man. I simply enjoy watching both men compete, since they both engage in action-packed bouts.

I just hope they give us a great fight, regardless who wins.

Will you still be in the UK in September?

[chinarich]

There should be year round testing as there is for those in other sports, notably athletics and cycling. World champions should set the example by signing up to it whilst it remains voluntary, or each of the orgs should stipulate that their champions be subject to it...

[Enlightened-One]

I don’t really care who wins this fight, since both men aren’t particular good at speaking English and I have nothing in common with either man. I simply enjoy watching both men compete, since they both engage in action-packed bouts.

I just hope they give us a great fight, regardless who wins.

Will you still be in the UK in September?

Yes.

[bmilligan]

I am not going to hold my breath on it.

Hopefully there is a decent undercard.

[SenorPipino]

It probably will be finalized by mid June so they have the usual 3 month window to promote the bout.

[Ruthless-RKO]

It probably will be finalized by mid June so they have the usual 3 month window to promote the bout.

Last year it was all finalised by May. But yeh, they'll start doing proper promotional work on it by June. They should tour a few cities this time.

[Thomastearns]

It's quite clear that Canelo/ Goldenboy/ WBC/ Nevada State Athletic Commission are the most wonderful people to negotiate with. Absolute sticklers for the rules and willing to comply with any reasonable demands made upon them.

Anyone who says that it was the enormous backlash from initially the fans and then the mass media that forced concessions from the above groups doesn't know what they're talking about. Its ridiculous to suggest that a huge loss of revenue that may have resulted from such pressure forced the recent concessions regarding testing. Canelo has always been modest and eager to play by the rules, the thought of using banned substances surely never crossed his mind.

We also know that all politicians are honest law abiding individuals and that the press should leave them alone to get on with their business, err work.

In fact the press are far better off serving us with news from both royal houses of the Windsors and the Kardashians.

[Ruthless-RKO]

De La Hoya: Golovkin is Afraid of Canelo - We're Moving On!

The planned fall rematch between Canelo Alvarez and Gennady Golovkin is now looking less likely to take place.

The two sides have been negotiating the terms of the rematch for this coming September - but Golden Boy Promotions CEO Oscar De La Hoya, who promotes Canelo, is claiming that he was advised that Golovkin rejected the rematch.

“It’s clear to us that Golovkin doesn’t want to fight Canelo,” De La Hoya said to Mike Coppinger of The Ring.

“It’s clear to us that after all the demands that they made, after Canelo having to do the hair follicle test, having to enroll in VADA, having to be tested by the Nevada State Athletic Commission randomly even before he was enrolled in VADA, it’s clear that GGG is afraid.

“So we’re going to move on and I’m going to start making phone calls to (Daniel Jacobs’) people, to (Billy Joe) Saunders’ people, start making calls to (Jermall) Charlo and (Spike) O’Sullivan. (Golovkin's promoter Tom Loeffler told me GGG) doesn’t want to fight. That’s all Tom said. They’re not going have a better deal than what they have now.”

Tom Loeffler denied De La Hoya's version of the story when contacted by Coppinger.

According to Loeffler, he requested a better deal for his boxer - which De La Hoya rejected.

“If they want to go in a different direction, they’re entitled to, but I think that speaks more to Canelo,” Loeffler said.

“GGG is not afraid to fight anybody in the middleweight division. He made a lot of (financial) sacrifices for the first fight and the rematch. And since the rematch was cancelled he wants a more equitable percentage."

[Ruthless-RKO]

Shame.. We'll see if Canelo's next fight is:

Daniel Jacobs
Billy Joe Saunders
Jermall Charlo
Spike O’Sullivan.

I do still think the fight MAY get made. Time will now tell to see where each fighters go from here..

GGG might just fight his IBF mando.

[jamamb]

have a hard time believing lolffler wouldve said to oscar that ggg didnt want to fight canelo

and LOL at gary o sullivan suddenly becoming this big time player in the division

[Enlightened-One]

Based on what I can recall, the Canelo-GGG bout achieved 1.3m PPV buys, with the official NSAC base salaries being $5m for the Mexican and $3m for the Kazakh. And it is believed that both men received much larger guaranteed sums, with many media outlets reporting that Alvarez received $20m and Golovkin was paid $15m.

Given the amount of hype this time around, coupled with there being no competing Mayweather-McGregor freak show circus mega event cannibalising the PPV buys for the Canelo-GGG rematch, then it’s highly-likely that Golovkin/Loeffler may have rejected the same sort of offer they received for the first fight, even though the amount of commission they’d receive would be much greater for a potential second bout.

It has been discussed numerous times before on this forum that GGG wants a 50-50 purse split, which is probably the reason Golden Boy’s offer for the rematch was turned down.

It’s highly unlikely that Golovkin is capable of commanding much more than $2m to face other opponents and only received a paltry $1m for the Martirosyan bout, whereas Canelo has a proven track record of earning tens of millions of dollars facing other fighters, because he’s a big draw, whereas GGG isn’t.

If Team GGG doesn’t compromise with his 50-50 purse split demands (assuming the info. reported in so many BoxRec threads is correct about this percentage), then he won’t be facing Canelo anytime soon.

[Ruthless-RKO]

Canelo wants the rematch under the May 5 terms.

GGG wants more money since Canelo is causing him to lose the IBF title and causing the May fight to flop.

Who's side are you on without being bias?

[jamamb]

may terms seem more then fair

if you want to talk about what ggg would be losing , by far the biggest loss would be the probably 13-15m less hed make facing someone else

[Enlightened-One]

Canelo wants the rematch under the May 5 terms.

GGG wants more money since Canelo is causing him to lose the IBF title and causing the May fight to flop.

Who's side are you on without being bias?

On its own, the IBF title has very little commercial worth in comparison to the sort of sums a fighter could earn without it to face Canelo.

I believe that Golovkin received a 37.5% split for his first bout against Alvarez, with the Kazakh being clearly incapable of commanding much more than $2m to face any of the other 160lb-ers.

GBP shouldn’t offer GGG anything more than 40% for the rematch, because Canelo is the draw. Golovkin doesn’t deserve to earn a 50-50 purse split, because his commercial worth doesn’t justify it.

Canelo can easily command far more than $20m to engage in bouts against other fighters.

I have always considered the sizes of purses in terms of commercial worth alone and I cannot support Team GGG’s rumoured insistence for a 50-50 split.

[DrDuke]

Canelo wants the rematch under the May 5 terms.

GGG wants more money since Canelo is causing him to lose the IBF title and causing the May fight to flop.

Who's side are you on without being bias?

If Golovkin loses IBF, he has all rights to ask more money. The fight has already been set. Canelo withdrew, it's his team's fault and thus his one. It caused some troubles for Golovkin, so he can demand that.

[Ruthless-RKO]

Canelo wants the rematch under the May 5 terms.

GGG wants more money since Canelo is causing him to lose the IBF title and causing the May fight to flop.

Who's side are you on without being bias?

If Golovkin loses IBF, he has all rights to ask more money. The fight has already been set. Canelo withdrew, it's his team's fault and thus his one. It caused some troubles for Golovkin, so he can demand that.

I am for this.

[jvincent]

If Golovkin loses IBF, he has all rights to ask more money. The fight has already been set. Canelo withdrew, it's his team's fault and thus his one. It caused some troubles for Golovkin, so he can demand that.

I am for this.

Me too. Im a fan of both fighters for context.

[boxing_rocks]

Let's stop counting money in Golovkin's pocket and let him decide for once what is more important for him. I am sure he regrets bending under GB and probably Loefler's pressure last summer and not fighting BJS.

[ewenhay]

Good. I'd rather see Golovkin v Saunders anyway.

Alvarez generates big money, for the moment, but he's tainted goods. It won't last much longer.

[jpspice]

I think that they would both increase their worth if they would just fight and try to knock each other out.

[SenorPipino]

Good. I'd rather see Golovkin v Saunders anyway.

Alvarez generates big money, for the moment, but he's tainted goods. It won't last much longer.

Speculation, pure and simple.

Canelo easily remains boxing's #1 PPV star.

Plenty boxers in the past several years have been fingered in PED controversies.

I don't think that the public has abandoned any of them. Most fans forget almost immediately. It doesn't stay on the radar.

Fans pay to watch a fighter based on what he brings to the ring. The surrounding drama is just white noise.

Canelo isn't going to disappear because of a PED controversy. If anything, the resulting publicity will make him even more of an attraction.

[ewenhay]

Good. I'd rather see Golovkin v Saunders anyway.

Alvarez generates big money, for the moment, but he's tainted goods. It won't last much longer.

Speculation, pure and simple.

Canelo easily remains boxing's #1 PPV star.

Plenty boxers in the past several years have been fingered in PED controversies.

I don't think that the public has abandoned any of them. Most fans forget almost immediately. It doesn't stay on the radar.

Fans pay to watch a fighter based on what he brings to the ring. The surrounding drama is just white noise.

Canelo isn't going to disappear because of a PED controversy. If anything, the resulting publicity will make him even more of an attraction.

It is indeed speculative.

However there are very few (if any?) sportspersons who have failed drug tests and gone on to have a better career afterwards, financially or athletically.