According a report at MaxBoxing.com, the proposed December 3 rematch between Miguel Cotto and Antonio Margarito is definitely going forward, with weight issues resolved.
We mentioned just a few days ago that the fight will have a catchweight of 153 pounds, one pound below the normal junior middleweight limit. But the important factor remaining was Cotto's reported demand of a 160-pound cap for the next day (the fight day). Margarito's manager Sergio Diaz says that's not going to happen, and new contracts were drawn up:
"Yes, that [weight issue] was thrown out. New contracts are being drafted and should be signed by both by the end of the week," concluded Diaz.
Margarito (38-7, 27 KO) defeated Cotto (36-2, 29 KO) in 2008 in Las Vegas, in one of the best and most brutal fights of recent years. But that win has become suspect after Margarito was caught in a glove-loading scandal prior to his January 2009 beatdown at the hands of Shane Mosley. Margarito returned to the ring in May 2010 in Mexico, defeating Roberto Garcia, and was then licensed in Texas for his November 2010 loss to Manny Pacquiao, which had a 150-pound catchweight and left Margarito needing surgery to repair a badly busted up eye.
Cotto had been pushing for a 150-pound catchweight and the 160-pound next-day weight, but Margarito's team made it very clear that he can't make 150 pounds anymore. The catchweight we do have is basically just Cotto taking whatever he could get, it appears.
In other words, Margarito's last notable win came against Cotto, over three years ago. At 33, and with his fighting style, the clock is ticking on major fights, and Cotto, now 30, represented the best payday he could get right now. Not the only one, mind you, but the best. Cotto has also never quite been the same fighter since his loss to Margarito, as he also dropped a fight to Manny Pacquiao in 2009, but now holds the WBA belt at 154 pounds, which he won from Yuri Foreman in 2010 and defended earlier this year against Ricardo Mayorga.
The rematch will be held at Madison Square Garden, and carried on pay-per-view by either HBO or Showtime.