Canelo Alvarez Potentially Staying At Middleweight Next:
As it seemed like Canelo Alvarez would rather vacate the IBF middleweight title instead of electing to try and negotiate with mandatory challenger Sergiy Derevyanchenko next, it seemed like the Alvarez camp had a change of heart.
After months of Derevyanchenko not hearing anything from Alvarez or promoter Golden Boy Promotions regarding a potential fight down the line, the two are now locked in negotiations in the hopes that the two face each other down the line.
Alvarez’s next fight date is still uncertain after the sudden announcement that the planned September 14 bout is postponed due to them not being to secure an opponent.
There was a purse bid scheduled for July 23 in the IBF offices in Springfield, New Jersey, but that has been delayed to July 26. A purse bid being delayed typically means there is progress being from both sides in terms of securing a fight deal, but the sudden development may mean a couple of things from Alvarez and Golden Boy Promotions.
For starters, this effectively means that the odds of a third fight between Alvarez, who also holds the WBA title, and former champion Gennadiy Golovkin are almost zero at this point. Rather than continue negotiations in the hopes of securing a fight deal before the end of the year, Alvarez would rather face Derevyanchenko whom a fight against him will likely generate far less revenue than a third fight between the two.
If Alvarez had vacated the IBF title, Golovkin and Derevyanchenko would have likely fought for the vacant and had Golovkin won that bout, it would only strengthen Golovkin’s case for a third bout. A trilogy fight was something DAZN was aiming for when it signed both middleweight stars to multi-year deals to fight exclusively on their platforms. Making that fight possible is a top priority for them and if Golovkin wins that IBF title back, DAZN would almost surely force the Alvarez camp to take a fight against Golovkin without question.
There’s also the idea of Alvarez waiting until December to fight WBO light heavyweight champion Sergey Kovalev after his title defense against Anthony Yarde. Both sides had been negotiating a lot in recent weeks, but that potential fight fell through after they couldn’t come to terms on the finances, being apart by several million dollars. Even if the issue of having to pay Anthony Yarde and promoter Frank Warren step-aside money so that Kovalev can fight Alvarez would be eliminated if they re-enter negotiations in late August/early September, there’s no guarantee that a fight can be made.
Unless Alvarez decides to go back to super middleweight and face WBA titleholder Callum Smith or face WBO middleweight champion Demetrius Andrade later this year, the only option remaining is Derevyanchenko and making that fight is, in theory, easier to secure.
Derevyanchenko will likely not be as demanding in having the bout take place outside Las Vegas or completely adamant that he must be paid around the ballpark of Daniel Jacobs when he fought Alvarez this past May (around $12 million), which is what dashed the hopes of a fight against Golovkin and Kovalev, respectively.
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