While new golden boy, Conelo Alvarez, won the match against Miguel Cotto, De La Hoya won the bet with Jay Z; the payout is $100K to charity.
"Oscar De La Hoya turned a little more golden over the weekend. Canelo Alvarez, managed by De La Hoya’s Golden Boy Promotions, bested Miguel Cotto on Saturday night by unanimous decision, claiming the WBC middleweight title. The win puts Alvarez in the superstar category for now – and chalks up another victory for Golden Boy Promotions.
"The win also netted De La Hoya $100,000 for the charity of his choice. Reportedly, De La Hoya had a side bet with rapper Jay Z. Jay Z had more than a little bit of interest in the outcome of the match: his Roc Nationmanages Cotto, who suffered the loss to Alvarez.
"With the loss, Jay Z will pay $100,000 to charity – most likely White Memorial Medical Center’s cancer unit. The cancer unit is named the Cecilia Gonzalez De La Hoya Cancer Center, after De La Hoya’s mom."--Kelly Phillips Erb, Forbes