Gennady Golovkin and Daniel Jacobs have still not come to terms for mandatory title fight, which has now caused the WBA to formally order another purse bid for the fight on Dec. 19 at their offices in Panama City, Panama, reports RingTV. The WBA had already pushed back holding a purse bid for the fight to allow both sides more time to negotiate, but obviously that hasn’t really gone anywhere.
With that being said, there is still a time for the sides to come to an agreement before Dec. 19, although that is looking increasingly unlikely by now. Once the fight reaches purse bid, Gennady Golovkin will command 75% of the winning bid by virtue of being the “super” champion while Daniel Jacobs would be entitled to the remaining 25%.
The promoter who wins the purse bid will gain control over the fight, specifically the fight’s location, broadcast network, etc.