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By Norm Frauenheim-

Canelo Alvarez has options. David Benavidez has only frustration.

Canelo’s future has become a multiple-choice game. He was thinking about cruiserweight. Then, there are reports about a super-middleweight defense against a middleweight champion. Or, maybe a light-heavyweight challenge between tee times.

None of the above. Or all of the above. Benavidez is not among the reported possibilities, despite a growing number of fans and pundits who are calling for Canelo to fight him. ESPN’s Tim Bradley is just the latest to cast his vote for Canelo-Benavidez.

‘’That’s the guy that everybody wants to see him face, you know,’’ Bradley said during an ESPN telecast about the mounting speculation surrounding Canelo’s next fight.

But, you know, Benavidez is the one guy Canelo isn’t considering. His trainer, Eddy Reynoso, said so, eliminating Benavidez from a projected May 7 date.

Actually, Reynoso did more than eliminate Benavidez. He insulted him, or at least dismissed his resume. It just doesn’t measure up, Reynoso said in so many words. That brought on an inevitable counter from Benavidez, who extended his unbeaten record (25-0, 22 KOs) with a stoppage of Kyrone Davis in front of a roaring hometown crowd of about 8,000 in downtown Phoenix Nov. 13.

“It kind of, like, frustrates me now that everybody’s coming out and saying I haven’t fought nobody, that I’ve never fought on pay-per-views, I’m nobody, this and that,” Benavidez said during an appearance on the Calling Russ Anber podcast. “You can say all that, but I’m going through the ranks at super middleweight. I’ve been number one like three fights already. I’ve been beating the people I have to beat.

“The people love to see me fight, so why wouldn’t he want to fight me?’’

Good question.

Other than an opening bell, there’s not a very good answer. Inevitably, there’s talk that Canelo is simply ducking Benavidez. Maybe.

For now, however, there’s only one thing that seems to guide Canelo’s thinking on who he will — or won’t fight. A belt has to be involved. Benavidez doesn’t have one. At least, he doesn’t anymore. The World Boxing Council’s 168-pound belt was taken from him twice, first for testing positive for cocaine and then for not making weight.

Belts are like hood ornaments. They’re cheap and plentiful. But Canelo still places value on them. They are symbols, perhaps, in the history Canelo says he is pursuing.

Presumably, that’s why Reynoso mentioned cruiserweight Illungu Makabu. Makabu has a belt, the WBC’s version. A two-division jump up the scale generated a lot of headlines and social-media talk. But the possibility has cooled over the last several weeks. Makabu defends his title on Jan. 29 against Thabiso Mchunu Jan. 29 on a Don King-promoted card in Warren, Ohio.

King, of course, is still trying to trumpet the Canelo possibility. After all, he has to sell the pay-per-view. But even King hinted that Canelo’s interest has cooled.

“Hopefully, I can get him to come on in to the fight,’’ King said last week during a Zoom session for a card scheduled for a chilly locale. “So far, he don’t want to come in to that cold snow. Maybe, the sun will shine one day.’’

And, maybe, Canelo will fight Jermall Charlo instead. Talks for a May fight with Charlo, first reported by ESPN, make more sense than a risky jump up to cruiserweight.

Against Charlo, Canelo would eliminate much of the risk and retain all of the reward. It would be Charlo’s first fight at 168 pounds. But he has the one thing Benavidez doesn’t. He has a belt, the WBC’s 160-pound version.

The other Canelo possibility is at light-heavy. Joe Smith Jr. and Dmitry Bivol have been mentioned. They, too, have one thing in common: A belt. Smith retained the World Boxing Organization’s 175-pound version with a stoppage of Steve Geffrard. Bivol has a World Boxing Association belt.

Without one, Benavidez has only frustration.

His immediate future figures to include faded Montreal middleweight David Lemieux. Caleb Plant is also there. Plant is looking for a comeback from his one-sided loss to Canelo, who took his International Boxing Federation belt in a beatdown that ended in an 11th-round TKO on Nov. 6.

Benavidez and Plant had set the stage for a showdown with trash-talking exchanges. But it all ended when Canelo decided he wanted another belt. Benavidez-Plant could still be a good fight.

For Benavidez, it also would be a yardstick, one way to measure himself against the pay-per-view star who continues to elude him.

A stoppage of Plant in an earlier round than the 11th would give Benavidez some bragging rights. That’s better than just more of the same frustration.

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