Cotto and Alvarez will fight for the WBC and Ring Magazine Middleweight Boxing World Championships
Boxers Miguel Cotto of Puerto Rico (L) and Saul "Canelo" Alvarez of Mexico face off at a news conference in Mexico City, August 25, 2015. Cotto and Alvarez will fight for the WBC and Ring Magazine Middleweight Boxing World Championships on November 21 at the Mandalay Bay Events Center in Las Vegas. Reuters/Edgard Garrido

About two months before his anticipated match-up with Miguel Cotto, Saul “Canelo” Alvarez signed a long-term deal with Oscar De La Hoya’s Golden Boy Promotions. Terms of the contract were not disclosed in the boxing promotions’ press release but it is believed to be for multiple years and multiple number of fights.

"I am loyal, it's part of my character and that's why I am extending my contract with Golden Boy Promotions,” Alvarez said in the press release. "Golden Boy Promotions knows how to build a fighter and elevate him to a world stage as they have done with me and continue to do with many others. I look forward to working with Golden Boy throughout my career."

De La Hoya, the chairman and chief executive officer of Golden Boy Promotions, said that Alvarez is “no longer the future of boxing” but the present. The boxing legend also added that he expects Alvarez to win over Cotto in their fight on Nov. 21 when the Mexican proves that he is the best fighter in the sport.

"It has been a privilege to promote him during his meteoric rise, and we now look forward to many more highlights in a career already filled with many of them," De La Hoya stated in the same press release.

Alvarez’s fight against Cotto is for the World Boxing Council and Ring Magazine’s middleweight world championship. Ring Magazine ranks Alvarez as the best junior middleweight (154 pounds) while Cotto is ranked the number one middleweight (160 pounds)

The 25-year-old Alvarez, who is from Tlajomulco de Zúñiga, Jalisco, Mexico, has a win-loss-draw record of 45-1-1 with 32 knockouts with his lone loss coming against Floyd Mayweather, who has recently officially announced his retirement from the sport. Cotto, who was born in Providence, Rhode Island, U.S.A. but resides in Caguas, Puerto Rico, is at 40-4-0 with 33 knockouts.

The Canelo-Cotto bout will be held at the Mandalay Bay Hotel & Casino, Events Center in Las Vegas, Nevada, USA.

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