By Gabriel F. Cordero
Canelo Promotions recently won a WBA purse bid held in Panama City for the right to promote the fight between current featherweight world champion Celestino “Pelenchin” Caballero and his mandatory challenger Nicholas Walters. Canelo Promotions bid $120,000 with plans to hold the fight on December 1 in Kingston, Jamaica. Caballero, however, has stated that he won’t fight for $90,000 (the world champion’s 75% purse bid share) and insists that Mayweather Promotions will line him up for a big fight in the United States, possibly in November. As a result, it seems he would either have to give up the title or be stripped. One important source has indicated that Caballero-Walters is almost certain not to take place and that Walters could be fighting for the vacant belt against the highest WBA ranked contender available.