Canelo Alvarez vs. Gennady Golovkin II is a done deal…Now where will it take place?
In news that was actually broken by Dwayne “The Rock” Johnson, on social media – seriously, he scooped all of us on Monday afternoon – unified middleweight champion Gennady Golovkin will engage in a rematch with Mexican superstar Saul “Canelo” Alvarez on May 5.
And with that the promotion begun online:
What was not announced was just where this event would take place.
“The venue has not been decided yet,”said Tom Loeffler, who represents “GGG.” “That’s what we’re going to iron out now, hopefully in the next couple of weeks.”
Canelo-GGG I took place at the T-Mobile Arena, in Las Vegas, and odds are it will end up there again. After all, it’s Vegas. “There’s a lot of tradition with Cinco de Mayo and Vegas,” pointed out Eric Gomez, the president of Golden Boy Promotions, while in France. He did add, “We’re not going to close the door. We’re going to talk to whoever’s interested. Ultimately we’re going to go to whatever venue benefits the fight the most.”
The bout on September 16 was memorable but was marred by the scorecard of Adalaide Byrd, who had Alvarez winning by the score of 118-110 in a fight that ended up a draw. The majority of observers believe Golovkin had done enough to win that fight.
“Again we’ll go where it’s best for the promotions. The last fight was the most curious judging that we’ve had for any ‘Triple G’ fight, so there’s always going to be a concern where we go but we’re going to go where it’s best for the promotion,” said Loeffler.
To translate what Loeffler and Gomez are saying is very simple: Whomever coughs up the most money.
It wouldn’t be a major upset but a minor miracle if this promotion wasn’t staged in Las Vegas. However there is a wild card here: Madison Square Garden in New York, which, according to Loeffler, is poised to make a significant bid on this event. The first bout did a gate of around $27 million (the third largest, in boxing history, in the state of Nevada).
Loeffler, who has put Golovkin in several events at the Garden and the Forum, near Los Angeles (which is also owned by MSG), explained, “They know what the numbers were for the last fight and they know they would have to exceed those numbers to have any type of shot at getting the rematch because we all feel the rematch will do better numbers than the first time.”
Common sense will tell you that a bid of approximately $30 million-plus will need to be made by MSG. The issue that comes with New York is its tax situation and how expensive such things as hotel rooms are in the city. Also the Garden is a union building, which adds to the expenses.
It’s clear why Loeffler and Golovkin would prefer “The Big Apple,” believing it’s more neutral ground than Las Vegas (which has a consistent pattern of being very favorable to Alvarez).
As for Jerry Jones and AT&T Stadium in Dallas/Arlington, Texas, word is, with the venue hosting the NFL Draft in late April, that facility will not be available for this fight and Jones will not even make a run for it.
So yeah, count out that stadium, along with the Astrodome, Metrodome, Kingdome, Orange Bowl, Polo Grounds, RFK Stadium, the Boston Garden, Shea Stadium and Shelby, Montana (which boxing needs to repay with a big event after that Jack Dempsey-Tommy Gibbons fiasco).
Vegas is the clear front-runner to host this rematch.
That said, the fight itself is signed, sealed and delivered. The deal was finalized on Saturday night, at the Golden Boy card, at the Forum, where Loeffler met with Gomez and Golden Boy founder Oscar De La Hoya.
When asked if this was a particularly difficult deal to consummate, Gomez stated, “It’s always hard; there’s always things that come up. There’s so many points involved; there’s always so many things you have to take care of. Concessions are made on both sides. It seemed like there were two or three issues that we went back-and-forth on, in the last three weeks, and finally we were able to get it done.”
On this special episode of “The 3 Knockdown Rule,” Top Rank President Todd duBoef joined Mario Lopez and me in-studio to talk about their deal with ESPN and other related boxing issues.
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