At long last, unified middleweight world champion Gennady Golovkin and Canelo Alvarez came to terms on Wednesday for their most-awaited rematch scheduled on Sept. 15 at T-Mobile Arena in Las Vegas. Getting both parties meet at a common decision was a long-drawn-out process though.
It was a wild day before Golovkin and Alvarez’s sides buried the hatchet on their upcoming bout.
Golden Boy CEO Oscar De La Hoya initially told a news site that “there is no fight,” since his company already imposed a 12 p.m. PT deadline for Golovkin to accept an improved offer under which Alvarez would get the lion’s share of a 57½-42½ revenue split. But surprisingly after two hours, the sides agreed with a last-minute idea that convinced GGG to accept the terms.
“I’m happy to inform that we have a fight September 15!!!!” De La Hoya announced on Twitter.
Terms of the agreement on the finally-agreed rematch still await a pen and paper finality for disclosure.
“It was a dead deal at noon. We’re going to proceed with a Billy Joe Saunders fight. We had a deal in place to fight Billy Joe Saunders at the end of August,” Golovkin promoter Tom Loeffler said of his fighter’s match with world titleholder Saunders.
“We definitely had an agreement in place with Billy Joe Saunders. I was upfront with them and told them if there’s a way to get the Canelo deal that was a priority, but Gennady had no hesitation fighting Billy Joe Saunders because he felt it was a challenging fight to fight an undefeated champion.”
The deal that caused a complete turn-around
Shortly after De La Hoya dismissed negotiations on the long-awaited rematch, the window for a deal to agree upon had opened a crack.
Apparently, a “Hail Mary” idea served as a saving grace for the fight. Golden Boy president Eric Gomez and others involved in it were discussing a deal they then communicated to Golovkin’s team.
“Still working on it,” Loeffler texted to a news site 20 minutes after the deadline has passed. He was scrambling to see if he would get the interest of Golovkin, who is in Moscow as a guest of one of his sponsors for the World Cup, using the newest proposal.
Looks like he did, because a rematch is happening on September 15!
“We threw a Hail Mary and it was caught. The fight’s done,” Gomez said without giving the smallest clue about it.
Now, the world is hanging around for a rematch that will perhaps be one of the biggest boxing bouts in history. Golovkin and Alvarez faced last September at T-Mobile Arena, the same site where the rematch will take place. It was a heavily feuded draw that most thought Golovkin won.
“Gennady is happy he is getting the respect, and I’m happy we’re able to participate in the biggest fight in the sport of boxing. This goes to Gennady’s legacy. It’s a huge fight for both guys. I think it’s going to be a much bigger promotion than the first time out,” Loeffler said in excitement.