Miguel Cotto could fight Sergio Martinez, whenever Martinez is healthy and make less money or he could choose this option.
“I met with Miguel and his team, and we had a very good meeting and I made him an offer in the eight figures, well over $10 million, to fight Canelo in March,” Schaefer told ESPN.com. “We had a really nice meeting and talked about a bunch of different things. We also talked about the fighters that our companies promote together.”
“But I know one other fight that Miguel is interested in, a potential rematch with Floyd Mayweather Jr. I haven’t discussed it with Floyd, but I am sure Floyd would be up for that as well if Miguel beat Canelo.”
“He realizes that, from a financial point of view, a fight with Canelo is clearly the biggest fight on the table,” Schaefer said. “I don’t take anything away from Sergio Martinez, who is a great champion. But if you ask anyone what’s a bigger fight, a Puerto Rican star against an Argentine star or a Puerto Rican against a Mexican star, we would all agree that Canelo against Cotto is a much bigger fight. There’s also a certain risk attached to the Martinez fight because he is injured now [coming off knee surgery], so who knows if he will be ready to fight [in June]?”
Cotto is a promotional free agent, so he isn’t effected by the Golden Boy/Showtime vs. Top Rank/HBO Cold War. The interest in Martinez would be because he can become first Puerto Rican to win 4 titles in 4 weight classes, but the $10+ million is on the table right now.
Seems like a no brainer to me and if Cotto beats Canelo that would lead to a $20+ million payday against Mayweather in a rematch.
We will see what happens.