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Alvarez has had with the Cotto's stonewalling tactics so opted to pas on the fight. The thing to read into here is why was Cotto stalling the Canelo fight (???)

"The deal is off the table with Cotto," said Oscar De La Hoya, Canelo's promoter. "They did not accept. So Canelo decided to move on. We had a deadline. We had our fifth deadline [Friday night], and Canelo has decided, because Cotto and [attorney] Gaby [Penagaricano] turned down the deal, he is obviously not going to be waiting for nobody.

"He has to move on and resume his career and we have to lock down an opponent. He's still fighting May 2."

Many feel that a Cotto/Mayweather rematch is now in play. If anything, it is a workable back-up plan if negotiations with Pacquiao fall through again.

Cotto would obviously prefer a rematch with Mayweather as opposed to a bout with Alvarez as the money is with "Money".

Should a Cotto bout take place, Mayweather can lay claim to three divisional titles, welterweight, junior middleweight and middleweight.

Penagaricano did acknowledge that Mayweather's advisor, Al Haymon, had contacted him about the prospect of a rematch.

"Al and I speak all the time. We have fighters together and other business together, but we haven't talked about that fight [since the initial conversation a few months ago]," Penagaricano said. "Of course, a rematch would be big, but it's not in the pipeline. I don't know what's going to happen."



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