“I thought that we made a crazy, unbelievable offer to Chavez for the Golovkin fight. It called for the Golovkin fight to pay him a minimum $7 million, and if he lost that fight, we guaranteed him another fight for $5 million. Now if he beat Golovkin, then we would pay him a minimum for his next fight of $10 million," said Arum, 82, whose contract with Chavez is valid until October 2015.
"So we would…do these two fights, and the minimum he would make is $12 million, and if he was successful, $17 million plus. He turned that offer down. So we offered him a one-fight offer at considerably less money but still better than what Golovkin accepted for the fight and he turned that down. So obviously, he doesn't want the fight and we go on with our business."
The 32-year-old Golovkin was readying to scrap Irishman Andy Lee on April 26 at Madison Square Garden in New York City.
Sadly, Golovkin withdrew from that bout and decided to take an extended break following the death of his father on February 18.
GGG last vacated the squared circle on February 1 after successfully defending the WBA and IBO middleweight belts versus an overwhelmed Osumanu Adama.
Golovkin, who has now recorded 16 consecutive knockouts, floored the 33-year-old Adama (22-4, 16 KOs) in the first and sixth rounds.
Sensing a beaten man, the powerful Russian mercilessly stalked Adama and again bullied the challenger to the canvas with a savage hook in the seventh frame.
Referee Louis Pabon compassionately halted the lopsided beating at 1:20 of the decisive round.
A punishing, ferocious and accurate slugger, Golovkin has never been toppled in over 375 contests.
Meanwhile, Chavez dominated Bryan Vera to earn a unanimous decision in their March 1 rematch at the Alamodome in San Antonio, Texas.
Constantly landing overhand rights, Chavez officially trumped Vera (23-8, 14 KOs) by scores of 114-113, 117-110 and 117-110.
In stark contrast to the Kazakh bruiser, Chavez Jr. is notorious for possessing a diligence comparable to Jeffrey Lebowki’s.
Born into wealth, Chavez has been pinched juicing, arrested driving drunk, and suspended for a positive marijuana test over the past four years.
Strictly because “The Son of the Legend” is blessed with cement fists and a granite chin, a clash between Chavez Jr. and Golovkin could have been somewhat intriguing.
Regardless, Golovkin would have ultimately brutalized Chavez Jr. into submission.
Hence, it’s understandable that Julio Cesar Chavez Jr. “doesn't want the fight” against Gennady Golovkin.