Miguel Cotto and Roc Nation go their separate ways
Boxing fans will have to wait even longer to see Miguel Cotto (40-5, 33 KOs) back inside the squared circle. It was reported today by sources to ESPN that Cotto and promoter Roc Nation Sports have ended their relationship. Puerto Rico’s first four-division world champion was planning a return to the ring against Japanese contender Yoshihiro Kamegai (27-3-2, 24 KOs) on a tentative date of June 24th. The fight is now likely gone by the wayside as Cotto has reportedly returned to his native island of Puerto Rico.
Roc Nation first signed Cotto to an extravagant deal back in 2015 where Cotto was guaranteed an amount of $50 million over three fights. Only two fights against Daniel Geale (31-5, 16 KOs) and Saul Alvarez (49-1-1, 34 KOs) took place under the Roc Nation banner. Cotto has been out of the ring since the fight with Alvarez despite many attempts to get back in the ring.
Potential fights with Top Rank promoted fighters Juan Manuel Marquez (56-7-1, 40 KOs) and Timothy Bradley (33-2-1, 13 KOs) never came to fruition due to various reasons. Marquez and Cotto were unable to reach an agreement over the weight the fight would take place at. In February, Cotto was scheduled to face Texas slugger James Kirkland (32-2, 28 KOs) in Texas until Kirkland was injured in his training camp causing the entire event to be canceled.
Sources: Cotto wanted way more than Roc Nation Sports was willing to guarantee for such a marginal fight that likely would have lost money.— Raging Babe (@RagingBabe) May 18, 2017
It is hard to imagine that the split between Cotto and Roc Nation was not mainly due to money. Roc Nation signed Cotto to a deal that almost guaranteed that they would not see any returns on their investment. The other issue is that HBO reportedly was only interested in showing the Kamegai fight if Cotto had a big fight lined up afterward. This is something that Cotto and Roc Nation could not guarantee.
The immediate future for the Puerto Rican is uncertain. When Cotto left former promoter Top Rank for Roc Nation back in 2015, it was not on the best of terms. At the beginning of the year, Cotto put a self-imposed deadline on his career that he would be retiring by the end of the year. We are almost at the halfway point of 2017 and signs are pointing towards retirement for Cotto. It seems that to continue in the sport of boxing Cotto will have to make some concessions.
(Feature Photo: Johnny Nunez/Getty Images)