Saul ‘Canelo’ Alvarez/Photo courtesy of Golden Boy Promotions
Negotiations for a potential May 2 fight between middleweight champion and Miguel Cotto and former junior middleweight champion Saul “Canelo” Alvarez have stalled and been suspended, Oscar De La Hoya said Saturday.
According to a report on ESPN.com, De La Hoya – Alvarez’s promoter – called off the talks because Cotto and his team did not meet a Friday deadline to agree to terms. The report indicated the Cotto camp was not happy with the money being offered.
This would seem to open the possibility of a rematch between Cotto and Floyd Mayweather Jr. should Mayweather not sign for the much-anticipated fight with Manny Pacquiao.
Cotto lost a 12-round unanimous decision to Mayweather in May 2012 at MGM Grand in Las Vegas.