Promoters Gary Shaw and Bob Arum were in Beverly Hills on Thursday afternoon to officially announce the Oct. 8 rematch between Diego Corrales and Jose Luis Castillo.
But as that deal was finalized, a proposed Nov. 12 bout between Winky Wright and Floyd Mayweather fell apart as the two met at the Beverly Hills Hotel.
"M-O-N-E-Y," stated Shaw in spelling out the reason why this bout between two of the premier prizefighters in the world will not be taking place. "I thought we had a deal. I spoke with Don King, King was on board, Jim Wilkes was on board, Winky Wright was on board. We agreed to 154 pounds, we agreed to another morning weight because they were concerned about the weight -- Winky couldn't gain more than eight pounds above 154."
With all of Winky's representatives (including King, who holds an option on Wright after his victory over Felix Trinidad in May) in agreement, Shaw thought he would be signing contracts by the end of the week.
"When I was in Arum's office he talked about different splits," recalled Shaw, who said at that time the numbers he was told differed from the ones he had agreed to. "I started to yell, I said, 'It's gotta be 50-50.' He said, 'All right, all right. Why are you yelling? I'm just the messenger. Come back, we'll do the deal.' I walked downstairs here at the Beverly Hills Hotel, I said, 'We have a deal?' He looked at me and said, '55-45.' I said, 'No, 50-50. He said, 'There's no deal.' "
Arum confirmed that Wright-Mayweather is dead as of now.
"There were requests made by Floyd Mayweather, we laid it out and I think they were fair requests," said the veteran promoter. "Gary rejected them, so there's no fight. We have to sit with Floyd and we'll figure out [what we do next].
"Maybe [Antonio] Margarito. It's unfortunate as far as the Winky Wright fight, but it's not going to happen."
While Mayweather retains his Nov. 12 date on HBO Pay-Per-View, Wright has a date set aside for him the following week on HBO.
Did Mayweather and Arum come to the realization that in facing the much bigger Wright, that they were biting off more than even the "Pretty Boy" could chew?
"Floyd's been talking a lot of trash, saying he's going to knock Winky out; he told Kevin Iole he wants to fight," said Shaw. "He wanted the fight on Sunday. On Monday I went to Top Rank's office personally. My feeling is that Floyd never wanted the fight. He was just talking smack."
As Shaw and Arum gave their sides of the story after the Corrales-Castillo press conference, just outside the ballroom where it was held, Margarito's manager Sergio Diaz was meeting with Top Rank's VP, Todd DuBoef, about his fighter's future -- which doesn't seem to include Mayweather.
"Right now we just met with Todd and we're looking at October 1st," he explained to MaxBoxing. "The date is there, the opponent we still don't know. They've been mentioning Joshua Clottey, but Showtime doesn't know if they want to accept that opponent."
As for a bout with Mayweather?
"Mayweather has mentioned that he'd rather jump to 154 and fight Winky Wright than fight Margarito," Diaz said. "He says it's a better loss to lose against Winky Wright than it is to Antonio."
Diaz doesn't have much hope that even with the Wright fight not happening, that a bout between Margarito and Mayweather comes to fruition.
"No, not at all," he admitted. "To tell you the truth, at the beginning I was, we were hopeful it would happen. But now, it's already behind me."
Sam Simon, manager of WBO heavyweight champion Lamon Brewster, informs us that the deal to send his fighter to Hamburg, Germany to take on their mandatory challenger, Luan Krasniqi, has been finalized.
Brewster will defend his title on Sept. 28.