Top Rank Promotions CEO Bob Arum said that the Miguel Cotto vs Juan Manuel Marquez fight is an intriguing match but is very difficult to make because the two fighters are both demanding for hefty paychecks.
Arum has no doubt both fighters are really eager to square off because both veterans are confident of their chances of winning. The veteran promoter said Cotto believes he has the upper hand because he is younger, while Marquez thinks he has the tools to defeat the Puerto Rican boxing star.
“They would both want to fight each other,” Arum told BoxingScene. “Cotto thinks that it’s an easy fight. Marquez is getting a little long on the tooth, but he’s a terrific fighter and he feels that he has ways to beat Cotto.”
However, Arum pointed out that the fight is very hard to make because both fighters are demanding for high guaranteed purse. The Hall of Famer said Cotto and Marquez are not willing to take a gamble, knowing that there is no guarantee the Miguel Cotto vs Juan Manuel Marquez fight will get high pay-per-view buys.
Arum said that it is very difficult to negotiate with superstars like Cotto and Marquez because they are used to getting big guaranteed purse. Cotto earned hefty paycheck in facing fighters like Floyd Mayweather Jr. and Saul Alvarez, while Marquez earned lucrative purse during his four showdowns with Manny Pacquiao.
“To get them to fight with modest guarantees against the percent is almost impossible — because they are looking at the pay-per-view business at a time when it’s booming,” Arum said. “But believe me over the last couple of years it hasn’t been.”
Cotto, who owns a 40-5 record with 33 knockouts, is coming off a unanimous decision loss to Alvarez in November. The 35-year-old former world champion planned to return this June, but his comeback fight was pushed back, as his promoters continue to search for a popular opponent, another report from BoxingScene revealed.
On the other hand, Marquez has not fought since his unanimous decision win over Mike Alvarado in May 2014. The 42-year-old Mexican boxing icon, who has a 56-7-1 record with 40 knockouts, has been dealing with recurring knee issues over the past two years.