The official purses were confirmed to ESPN on Friday by the Nevada State Athletic Commission, although both fighters are expected to make upwards of tens of millions more after pay-per-view sales. However, the bout was scrapped off after Canelo Alvarez failed pair of drug tests and get suspended for six-month.
The rematch initially scheduled for May 5 earlier this year.
Their first fight last September ended in a controversial draw when each fighter got the nod from one judge, while the third declared it a tie, allowing Golovkin to retain his World Boxing Council, World Boxing Association and International Boxing Federation belts.
As fans, we were happy because we get to see the fight again.
Golovkin said when Alvarez and his team approached him, "All I could feel was fear from them, and I think they did it so I couldn't look into his eyes and he couldn't look into mine".
Whilst the selection of judges remained a hot topic during the negotiations for the rematch, both fighters have promised the scorecards won't be needed this time around, with both looking to cement their status as the world's best with a fearsome knockout.
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Sanchez said a decisive victory for Golovkin will cement his place amongst the greatest middleweights in boxing history, delivering a signature victory that his otherwise stellar CV lacks. You wouldn't have known his boxing legacy is on the line Saturday night when he faces Gennady "Triple-G" Golovkin in a rematch for the middleweight championship. A more stationary Alvarez, of course, would make him easier to hit, but Alvarez is more comfortable as a boxer and counter puncher and used those skills to his advantage in the first fight. "It's a little bit different this time, but I believe it will be a big fight for the fans".
The 28-year-old vehemently denied any wrongdoing, maintaining he had ingested the drug accidentally as a result of eating contaminated beef from his native Mexico.
"I'm going to go in there to knock him out", Alvarez said. "In order to win a fight you have to want to win a fight". "It's a real fight, a real war".
Golovkin is unbeaten with a 39-0-1 record, while Alvarez is 49-1-2, with his only loss coming against Floyd Mayweather in 2013.
Despite two judges scoring the fight extremely closely - 114-114 and 113-115 in favour of Golovkin - judge Adalaide Byrd's scorecard of 118-110 in favour of Alvarez had many fans and pundits alike questioning the validity and reliability of the adjudicating.
"I feel like there's no buzz about this fight at all", Murray said.