By Rey Colón -The Sport Press
Miguel Cotto (36-2, 29 KOs), who will defend his WBA 154-pound belt on May 5 at the MGM Grand in Las Vegas against unbeaten Floyd Mayweather Jr. (41-0, 25 KOs), will receive the best purse of his life with a 65/35 split of the pay-per-view. Cotto, who until December 31 was tied to Top Rank, traveled to Las Vegas a few weeks ago to hear the offer of Bob Arum before making a decision that was revealed on Wednesday by Mayweather Jr. to NSAC commissioners when he was approved for a 2012 boxing license.
The Sport Press revealed on December 13 that negotiations for the fight were moving forward during the WBC Convention in Las Vegas. The contract itself has not been signed but details are expected to be finalized in about two weeks. Golden Boy Promotions will be the lead promoter along with Mayweather Jr. and Cotto.