Margarito retires

LAS VEGAS — Antonio Margarito is retiring.

Margarito announced the decision Thursday on his Facebook page.

“After much thought and extended conversations with my family and team, we have all agreed that the time to hang up my gloves and begin a new chapter in life has arrived,’’ Margarito wrote in a nine-paragraph statement. “I always told my family and team that I would walk away from boxing when I felt I could no longer compete at the level I believed I needed to be, in order to be successful. Although the passion and drive are still there, I have to accept that my time to walk away has arrived.’’

Margarito is the third fighter to retire within the last week. Winky Wright and Shane Mosley retired on Sunday. The former welterweight champion had been considering the decision for several days. He wasn’t sure whether he wanted to fight in a ceremonial farewell bout for his Mexican fans. His promoter, Top Rank’s Bob Arum, said he heard last week that he wanted to walk away from the sport.

“He should be remembered as a real warrior, a guy who was afraid of nobody, whose athletic skills were limited, but never quit,’’ said Arum, who defended Margarito in the controversy about whether he knew his former trainer had tried to put altered wraps on his hands before a loss to Mosley in 2009. “I think he’s a great guy. I wish him luck with whatever he’s going to do.
Margarito had been scheduled for a fight on July 20 at Casino Del Sol in Tucson against Abel Perry of Colorado Springs in his first bout since a 10th-round TKO loss in December to Miguel Cotto, who left Margarito’s surgically-repaired right eye badly bloodied and swollen during a dramatic rematch at New York’s Madison Square Garden.

The bout against Perry, which Margarito saw as a potential step toward a middleweight fight with fellow Mexican Julio Cesar Chavez Jr., had been postponed from May 26 to July 7 and then July 20 because of a reported injury to an Achilles tendon that Margarito sustained while training in Tijuana, his hometown.

There were also fears that his problematic right eye might sustain further damage, especially against Chavez, a 160-pound champion who reportedly has been as heavy as 180 pounds at opening bell for his last few fights. That could have given Chavez a powerful advantage of at least 20 pounds against Margarito, who has fought at 154 since 2008.

Margarito underwent surgery to correct the vision after the orbital bone was fractured in his 2010 loss to Pacquiao. But scarred skin surrounding the eye was vulnerable to further cuts, said his manager Sergio Diaz. In the Cotto rematch, those cuts led to a stoppage that Margarito and Diaz believed was premature.

Questions about the condition of the eye led to doubts about whether the New York State Athletic Commission would license him for Cotto. It finally did on Nov. 22, 12 days before the fight.

Margarito underwent surgery to correct the vision after the Pacquiao loss, but scarred skin surrounding the eye was vulnerable to further cuts. Those cuts led to the stoppage against Cotto. Arum had his family opthamologist do the surgery to correct any problems in the eye itself.

“The eye is 100 percent,’’ Arum said in a media room for the Pacquiao-Tim Bradley fight Saturday at the MGM Grand.

There was speculation that Margarito was considering retirement on May 26 when he accompanied his brother-in-law, Hanzel Martinez, to Tucson for a victory over Felipe Rivas for a minor bantamweight title, also at Casino Del Sol. Margarito did not make himself available for comment. His former trainer Robert Garcia, who was in Martinez’ corner, said he had spoken to Margarito, but had not been working with him. Garcia then hinted that retirement was a possibility. He said that “Margarito had a lot to think about.’’

Margarito earned about $22 million over a 46 fights (38-8, 27 KOs). His career as a tough, stubborn brawler took a controversial turn in January 2009 when altered hand wraps were found before losing to Mosley at Staples Center in Los Angeles. The California State Athletic Commission banned his trainer, Javier Capetillo, and revoked his license.

Margarito, re-licensed in Texas for the Pacquiao fight at Cowboys Stadium in Arlington, has always said he didn’t know that Capetillo tried to tape his hands with the wraps – which reportedly included plaster-like inserts. There was never any evidence of altered wraps in any bout before they were discovered by Mosley trainer Naazim Richardson. Nevertheless, it was suspected that Margarito used altered wraps in his 2008 upset of Cotto, who got his revenge in the rematch.

“I’ve always strongly believed in his innocence,’’ Arum said. “So, I’m happy that I helped make him financially secure with the Pacquiao fight and then the Cotto fight. We feel like we did our responsibility for Margarito. ‘’

ShowDown Promotions still plans to stage a card at Casino Del Sol in late July, possibly with Top Rank junior-welterweight prospect Jose Benavidez Jr. of Phoenix. If not July 20, the card might be scheduled for July 27.