Golden Boy Promotions has issued a noon Pacific Time deadline on Wednesday for Gennady Golovkin to sign on for the rematch with Canelo Alvarez, according to Dan Rafael of espn.com.
Golden Boy has offered 42.5 % of the revenue to Golovkin.
“This is final,” Golden Boy President Eric Gomez said. “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. (Golden Boy CEO) Oscar (De La Hoya) really wants to make it for the fans and everyone involved and we’re meeting him halfway.”
“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.”
“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.”
“Tom said he will talk to Gennady and see if we can get him to budge. He’s trying,” Gomez said. “He’s been a gentleman to me through all of this. Basically, it’s an ungodly amount of money being offered to Golovkin that he will never see again if he walks away. He could make maybe 10 times more money for this fight than any other fight he decides to take. (Top Rank chairman) Bob Arum once said, ‘You can’t spend a percentage’ and he is right. Oscar and I have discussed it. He’s discussed it with Canelo and it’s been long enough. We’ve waited since early April to get everything back on track. We’ve had countless conversations. I think Canelo is being very reasonable, above and beyond reasonable, as well as Oscar. You can lead a donkey to water but you can’t make him drink.”
Gomez said he has remained in touch with Matchroom Boxing promoter Eddie Hearn, who represents Jacobs, and has kept him up to date on the situation.
“Eddie Hearn is anxious to get the fight done for Jacobs,” Gomez said. “I have made him aware there is a possibility of a Golovkin fight because I don’t want to mislead him. But we’re within striking distance of being able to make the Canelo fight with Jacobs if Golovkin walks away.”
