Cotto Vs. Canelo: Cotto speaks on being stripped of WBC belt

Cotto arrival CottoCanelo 2015

Less than a week away from the big Pay-Per-View showdown between Miguel Cotto and Saul “Canelo” Alvarez at the Mandalay Bay Events Center in Las Vegas, the World Boxing Council (WBC) stripped Cotto of his middleweight strap.

Cotto¬†(40-4, 33 knockouts) explained why his belt was taken away and he claims it is because of “greed” shown by the WBC.

After deciding to forgo paying a total of $1.1 million in fees, made up of a step aside fee of $800,000 to by pass a mandatory bout with Gennady Golovkin and a $300,000 sanctioning fee for his WBC belt, the Puerto Rican boxing icon was stripped of his 160-pound belt.

“I think the greed in the organization needs to stop,” Cotto said. “I’m not angry. Would you rather keep $1.1 million in your banking account, or pay it to one organization?”

Alvarez  (45-1-1, 32 KOs) can still win the belt in the Saturday night clash, but if Cotto wins all he gets is the admiration that comes with a victory in addition to keeping a tad over $1 million tucked away in his bank account. Looks like win or lose, Cotto still wins in the long run.

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