Lamont Peterson vs Victor Cayo set for April 29th on FNF

Warriors Boxing promoter Leon Margules won a purse bid for a junior welterweight title eliminator between Victor Cayo, a Warriors fighter, and free agent Lamont Peterson. Margules was the only bidder, offering $25,000. Dominican Republic native Cayo (26-1, 18 KOs), whose only loss was a sixth-round knockout to Marcos Maidana in a March 2010 interim title bout, is entitled to 60 percent ($15,000) and Peterson, as the lower-ranked IBF contender, gets 40 percent ($10,000).

The fight headlines the April 29 edition of ESPN2's "Friday Night Fights."

Peterson's only loss was a lopsided decision in a title bout against Timothy Bradley Jr. in December 2009. Peterson (28-1-1, 14 KOs), coming off a draw against Victor Ortiz on HBO in December, turned down more than $300,000 to challenge titleholder Amir Khan on April 16 in England (and on HBO again). And now he will fight for a fraction of that.

"It ain't about the money this time. It's about the opportunity," said Barry Hunter, Peterson's father figure, trainer and manager. "When we get [Cayo] out of the way then we get to face Zab Judah [as a mandatory challenger] for a world title. We don't regret turning down Khan.

"When there's something like $5 million in a fight and you're only getting between $300,000 and $375,000, that's not right, especially when you got to go to Khan's backyard and you know you're going to need a knockout to win. You know how that goes. And they were insisting on a rematch clause. So we made our decision."

When Margules bid he did not think Peterson would accept the fight and had Tim Coleman, the next available challenger, lined up to face Cayo instead. But in the event Peterson did accept, Margules said his deal with Coleman promised him a spot on the undercard.

Groundhog wrote:hopefully this won't be a dance-off.

Cayo is a mover but he likes to attack. so hope he comes forward and tries to make it a fight. if he was willing to fight against Maidana, I think he will try and take Peterson, who hits half as hard, out.\

wonder what Cyclops' situation is? anyone heard what happened to him? wtf did he do