Hours after the noon PT deadline imposed by Golden Boy Promotions for Gennady Golovkin to agree on the financial terms for a rematch against Canelo Alvarez, the much-anticipated middleweight title pay-per-view bout is on for September 15 in Las Vegas.
De La Hoya's announcement came shortly after negotiations between Alvarez's and Golovkin's respective camps looked to be breaking down. Golovkin accepted a revenue split, Golden Boy confirmed.
"I'm happy to inform that we have a fight September 15!" De La Hoya reportedly called ESPN on Wednesday to say the deadline passed without a deal, but things suddenly changed and one of De La Hoya's associates called ESPN back moments later. Most boxing experts believe Golovkin won the first fight.
The two boxing titans will meet almost one year after their first fight, which ended in a controversial draw - an underwhelming conclusion to the long-awaited blockbuster bout.
A rematch was planned for May only for Canelo to withdraw after failing two drugs tests for banned substance clenbuterol in February. The Nevada State Athletic Commission suspended Alvarez for six months and Golovkin successfully defended his title against Vanes Martirosyan.
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