Floyd "Money" Mayweather (42-0, 26 KOs) will be taking on Miguel Cotto (37-2, 30 KOs) on May 5 at the MGM Grand in Las Vegas, Nevada. Cotto will be defending his WBA title against the undefeated superstar in what is billed to be one of the biggest events of the year.
It was initially only supposed to be for Cotto's WBA belt, but the WBC had other plans of getting their hands in on the action.
The WBC recently announced that the they will be putting their junior middleweight diamond belt on the line for the winner of the fight.
The WBC diamond belt was created in September of 2009 and is an honorary belt that is meant to be only up for grabs between two high-profile boxers.
It seems that this is just another one of the WBC's tricks to get their hands on some more money through sanctioning fees. It is most likely going to have sanctioning fees attached to it because this is the same belt that Manny Pacquiao won back in 2009 when he fought Miguel Cotto. He won the WBO and WBC diamond belt that night.
So, the meeting between these two fighters definitely qualifies as high-profile. I just feel like there is another reason why the WBC did this besides sanctioning fees.
Canelo Alvarez is the 154-lb regular champion and has been itching to get a mega-fight for some time now. He was first brought up as an opponent for Mayweather in the closing weeks of his deal with Cotto. If a financial deal couldn't be struck with Cotto, they were going to go with Plan B, Alvarez.
Now that the WBC diamond belt is on the line, the winner of the fight now has a perfect reason to fight Canelo after May 5. Whoever wins stands to have another huge pay day, the possibility of winning the vacant junior middleweight title and becoming the lineal champion of the weight class.