The big news in boxing today was the formal announcement of Miguel Cotto vs. Canelo Alvarez for November 21st at the Mandalay Bay Events Center in Las Vegas, Nevada. Cotto's WBC middleweight belt will be on the line, although the fight will take place at a 155 lbs catchweight. It's a big HBO PPV event expected to be priced at $64.95, although that's not official. Details on tickets and other things will be ironed out later on this week and into next week.
I've held the opinion that Cotto vs. Canelo is the biggest and most lucrative fight to be made in boxing that doesn't involve either Mayweather or Pacquiao, and if ESPN Deportes' report (Spanish-language only) is anything to go by, Miguel Cotto is looking at a career payday.