By Salvador Rodriguez

Junior middleweight contender Saul "Canelo" Alvarez (42-1-1, 30KOs) is waiting, and hoping, that former three division world champion Miguel Cotto (38-4, 21KOs) agrees to fight him in the main event of a Showtime Pay-Per-View card on March 8th. Golden Boy Promotions offered Cotto a $10 million dollar deal to take the fight. The other option for Cotto is a chance to capture his fourth divisional title against WBC middleweight champion Sergio Martinez, but the money involved in that deal is reportedly only worth $5 million dollars in terms of the guarantee.

Jose "Chepo" Reynoso, Alvarez's manager, hopes a deal can be worked out in the next few days.

"Saul is the best choice for Cotto. Money is money and ultimately everyone looks for the best purses and the best options. [Canelo] is a great option. The truth is, I think no one can offer [Cotto] more. It's a great deal and it speaks volumes that Golden Boy Promotions is doing things right. They delivered what they promised. We want that fight. We gave our list of opponents and Cotto is one of them. Golden Boy threw the hook and pulled the net to get him. The important thing is that Cotto says yes so we can define other things. We have the March date, while Martinez, as we have heard, we do not know when he will be ready," said Reynoso.