Sports Canelo's promoters offer final deadline for Golovkin to accept terms

18:59  13 june  2018
18:59  13 june  2018 Source:   thescore.com

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While the lump sum offer is increasing for Golovkin from Golden Boy, it still amounts to be just a flat fee and not the percentage deal that GGG and his promoter Tom Loeffler are looking for before they’ll give them their John Hancock signature Canelo ’ s third and final fight of 2017 will be against Cotto.

Canelo is a middleweight in terms of his weight. If they don’t accept it, then Golovkin must move on and fight Derevyanchenko. Boxing » Gennady Golovkin » Golovkin should set deadline for Canelo negotiations. Recent Posts. Golden Boy’ s offer for Jacobs rumored to be 80-20 split for Canelo fight.

a couple of people that are talking to each other© Joe Camporeale / USA TODAY Sports

Golden Boy Promotions appear to be running out of patience while they await Gennady Golovkin's decision to face their client, Canelo Alvarez.

Alvarez and Golovkin fought to a split draw last September in a hotly anticipated contest billed as "Supremacy" which took place at T-Mobile Arena in Las Vegas.

Since the original bout took place, both Golden Boy and Golovkin's camp have been angling for a rematch. Golden Boy has submitted a final offer to Golovkin, which would see both fighters square off September 15 on an HBO pay-per-view card.

Golden Boy president Eric Gomez spoke candidly about the ultimatum presented.

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If he doesn’t accept it, we can’t wait any longer. They’ve broken other deadlines . We’ve been very, very reasonable because of the relationship with Tom. Canelo and Golden Boy balked, but upped the offer to 40%, and now, they’re at what they claim is their final offer : 42½. “He wants the Golovkin

Canelo ’ s promoter Oscar De La Hoya of Golden Boy Promotions said on Tuesday that the chances for the Canelo - Golovkin “At that time I wasn’t a 160 lb. fighter, but the fight will happen at 160 pounds if he accepts the terms ,” said Canelo in talking about why he never agreed to fight Golovkin in the past.

"This is final," Gomez told ESPN's Dan Rafael on Tuesday. "We've been through everything. We've been through the hoops, the monkey bars, the slides. No more playing games. He has until noon (PT) to accept or walk away. If he walks away, good luck to him.

"We've gone above and beyond to make this fight happen. Canelo really wants to make this fight happen for the fans. Oscar (De La Hoya) really wants to make it for the fans and everyone involved and we're meeting him halfway."

A rematch between Alvarez and Golovkin was originally scheduled for May 5, but the fight was rescinded when the former failed two drug tests conducted in February. Alvarez was temporarily suspended by the Nevada Athletic Commission on March 23 after testing positive for the banned substance clenbuterol, and pulled out of the contest on April 3.

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If Canelo ’ s offer isn’t accepted , then he’ll move on and Golovkin will be forgotten. The moment will have past for GGG, and he’ll have blown his chance. I don’t think even Canelo ’ s promoters at Golden Boy will be able to convince him to change his mind once he’s decided that it’s not worth it to try and

Canelo ' s promoters , Golden Boy Promotions, issued the deadline Tuesday with president Eric Gomez claiming if a deal was not accepted , they would According to ESPN, Golden Boy upped their offer to 60-40 with Golovkin later countering at 55-45. Gomez then revealed the final offer is a 57½-42½

One of the major points of contention in setting up the rematch is the division of the purses. Gomez is advocating for a 57.5-42.5 percentage split of the earnings in Alvarez's favor, while Golovkin is leaning toward an even 50-50 split.

"Our original deal in May for the rematch was 35 percent to Golovkin. Then they wanted 50-50, which was ridiculous to begin with," Gomez said. "But in consideration, we're willing to meet them halfway. I got off the phone (on Tuesday afternoon) with Tom Loeffler and told him you have 24 hours to accept or we are fighting Danny Jacobs."

Golovkin's promoter Tom Loeffler offered his take on the potential purse:

"Gennady was very clear when he made the concession to come off 50-50. He really feels in his heart it should be an even split," Loeffler said "He made the concession at 55-45. Gennady is the one who will make the final decision, so I will give him an update on it and see what he wants to do. My opinion is it's the biggest fight in boxing and both sides should figure out a way to make it work."

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