Those who are chiefly involved with fight negotiations for Miguel Cotto have not confirmed a widely-reported $15 million offer for the three-division titleholder to face RING/WBC 160-pound champ Sergio Martinez on June 7 at New York’s Madison Square Garden.
Cotto, who has fought at junior middleweight since 2010, looked sharp and powerful stopping fringe contender Delvin Rodriguez in the third round in October, and was offered a deal worth in excess of $10 million by Golden Boy CEO Richard Schaefer to face junior middleweight standout Canelo Alvarez.
Alvarez was dethroned by Floyd Mayweather Jr. as RING and WBC 154-pound champion in September, and is scheduled to fight on March 8, July 26 and Nov. 22 of 2014.
Cotto, who fought Mayweather and Austin Trout last year while working with Golden Boy Promotions, is “a free agent,” according to his legal advisor, Gaby Penagaricano, even as he aligned with Golden Boy rival Top Rank for his fight with Rodriguez. Penagaricano could not be reached for an immediate comment.
“We’ll sit down with everybody and look at opponents, numbers, money. Obviously, Miguel is in a very good place to be after such a great win,” said Penagaricano, during an interview with RingTV.com in October. “So he has all of those options on the table. So it’s a good position to be in, and we’re going to look at it responsibly and look at each option and do whatever is best for Miguel.”
Cotto was in Macau last month with Top Rank CEO, Bob Arum, where he was ringside for welterweight Manny Pacquiao’s unanimous decision victory over Brandon Rios.
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