Golovkin and Cotto are going to fight.... in court!

Golovkin can win under the Doctrine of Promissory Estoppel but again it depends on what was agreed to.

 

I wouldn't pay the money either. The step aside money was because GGG was his mandatory through the WBC...Get it? By the WBC taking the belt away from Cotto they screwed GGG out of his money, and the WBC ended with a belt that holds no value.

 

This portion sounds correct.

 

Yeah, I think you might be right here. WBC is screwing over GGG if they let Canelo have a shot first without GGG getting the money they all agreed upon.

 

WBC didn't take the belt. It was Cotto refusing to pay the sanctioning fee he knew about months ago which got him stripped.

 

But Cotto is still getting paid the same purse for the fight, with or without the belt.

You could say being stripped could possibly hurt his future earnings but you can't say it hurt him now because his purse hasn't changed.

The agreement was for this fight, for these earning not future fights or earnings.

 

Don't pretend to be a lawyer. More importantly, you don't know what exactly was signed between Cotto and K2, so your lengthy post is worthless.

 

The step aside is not for the right to let the fight get "signed".

A fighter pays step aside for the right to enter a ring and defend his championship against somebody else beside the #contender who's turn was next.
Since Cotto will not be defending the middleweight championship against anyone, the agreement becomes null and void.

If Cotto owed GGG 800K at the moment the fight was signed, it would have been payed at the moment it was signed.
Obviously it wasn't payed because there are a variety of things that could happen to prevent Cotto from defending the title.
The fight not happening due to cancellation for whatever reason or Cotto getting stripped are all valid reasons for a step-aside agreement to become null and void.

There's a reason why a fighter has to wait ti'll after the title defense before he gets his step-aside money.

 

Exactly. Don't know why this is so hard to understand. The WBC got greedy. They should have taken the $150k that Miguel offered. $300k for a belt is outrageous. Funny how they also waited the week of the fight to do this. They probably thought they had Cotto by the ***** if the waited right before the fight.

 

It all depends on a reason why the fight is not for the WBC belt anymore. It was Cotto's actions (refusing to pay a known sanctioning fee) which caused the WBC belt taken from him, so he still has to pay the step aside fee.

 

life is not always about money, being not honorable is not manly and disrespectful. unless he is not a man.

 

It was Cotto who was delaying payment. This is a standard 3% sanctioning fee he knew about months ago. WBC just stripped him now, because they couldn't wait anymore.

 

As it was already mentioned, he needs ballz transplant ...

 

Well, since it's going to court I'm thinking there was nothing directly dealing with the specific situation at hand and it's a gray area. So go ahead, take a guess and join the fun!!