Sources close to the situation have informed us that former jr. middleweight champion Saul "Canelo" Alvarez has agreed to all terms for a potential May 2 clash with WBC middleweight champion Miguel Cotto. Although specific details of those terms were not revealed, one source commented, "Canelo's side has been agreed to. We're just waiting on Cotto."
We're told that the bout is still tentatively scheduled for May 2, 2015. Two possible venues being considered are The Alamodome in San Antonio, Texas and AT&T Stadium (formerly Cowboys Stadium) in Dallas, Texas. Venues in Las Vegas and New York are also being considered. It's unclear if there's anything that might prevent Cotto from also agreeing to terms, but we're told that whatever major stumbling block that prompted Cotto's advisor, Gaby Penagaricano, to say that they were "not close to an agreement", has been resolved.
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[UPDATE] Golden Boy Promotions founder Oscar De La Hoya has confirmed what our sources told us. "My side is done and dealt with. We have agreed. So now, I'm waiting on Bob to get their side done," De La Hoya informed Lem Satterfield of RingTV.com. "Bob and I talked about the major issues that were a possible concern. But after our conversation, we found out that this fight will get made relatively sooner than anticipated. So we're getting closer. We are getting closer. I have no doubt in my mind that we will get Canelo-Cotto done for the May 2 of next year."
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