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Peter Quillin vacates his 160-pound title

Well so much for the proposed middleweight title bout between Peter Quillin and Matt Korobov, which was to have been promoted by Jay-Z’s Roc Nation, after having outbid both Top Rank and Golden Boy Promotions.

Quillin (31-0, 22 KOs) today announced that he was relinquishing his WBO title, despite a guaranteed $1.4 million pay day.

“I’d like to thank WBO president Paco Valcarcel and his organization for their support throughout the years,” said Quillin. “Winning the WBO world championship was a highlight in my career and something I’ll never forget, this is a difficult decision, but in order to make the fights the fans and I want against my fellow middleweights at the top of the division, I needed to relinquish the title. This is an exciting new chapter in my life, and I’m looking forward to cementing my spot as the best middleweight in the world.”

Quillin successfully defended his title three times after winning it in 2012 with a decision victory over Hassan N’Dam.

No word from Quillin’s camp as to what exactly he will be doing next though it’s been rumored that a showdown against Daniel Jacobs is a possibility.

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