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Miguel Cotto vs. Canelo Alvarez official for November 21st

One of the biggest fights of the year is finally official for November 21st in Las Vegas.

Jayne Kamin-Oncea-USA TODAY Sports

Some boxing fans were let down by the "Fight of the Century" between Floyd Mayweather and Manny Pacquiao back in May. I don't think they'll have any worries about being disappointed by the next huge attraction the sport will offer up - a PPV bout between Miguel Cotto and Saul "Canelo" Alvarez. After months of negotiations, the bout is now official for November 21st at the Mandalay Bay in Las Vegas. Canelo posted about it on his Instagram today:

It's on! Nov. 21, Mandalay Bay - LIVE on HBO PPV. #CottoCanelo #BornReady Excited for my next fight against @RealMiguelCotto November 21 at @MandalayBay on @HBO PPV. #CottoCanelo Emocionado por mi próxima pelea contra @RealMiguelCotto November 21 en el @MandalayBay por @HBO PPV. #CottoCanelo #BornReady FINALLY! What we all wanted is finally happening: CANELO VS. COTTO is READY! I¹m thankful to God & everyone that made it possible. For me, it¹s an honor to face someone like Cotto & I¹m sure that it will be a great fight that fans around the world will thoroughly enjoy on Nov. 21, 2015 at Mandalay Bay in Las Vegas on HBO PPV. Thanks for the continued support & God bless. !Por fin se hizo lo que tanto esperábamos todos: CANELO VS. COTTO está lista y me siento muy agradecido con Dios y con todos los que hicieron posible esto. Para mí es un honor pelear con alguien como Cotto y será una gran pelea que todo mundo disfrutaremos el 21 de Noviembre de 2015 en el MANDALAY BAY de LAS VEGAS. Gracias a todos por su apoyo y que Dios los bendiga!

A photo posted by Saul Alvarez (@canelo) on

The fight will be televised on HBO PPV, but pricing details are unknown at this point. It will also be contested at a 155 lbs catchweight, but Cotto's WBC middleweight belt (160 lbs) will be on the line, and technically both fighters weighing in at 155 would make it a middleweight fight.

Cotto (40-4, 33 KO) and Alvarez (45-1-1, 32 KO) are arguably the sport's two biggest stars after Floyd and Manny, and their bout will re-ignite the passionate Puerto Rico vs. Mexico boxing rivalry. Cotto has won three in a row since a loss to Austin Trout, most recently defeating Daniel Geale by fourth-round TKO in June. Alvarez is also on a three-fight winning streak, the last of which came via thunderous KO against James Kirkland in a stadium show in May.

This bout puts the UFC in a bit of a pickle - they have the TUF Latin America 2 card scheduled for the same day in Monterrey, Mexico. With Canelo fighting, especially in such a high-profile bout, I have a feeling that not many Mexicans are going to care all that much about the UFC show. That event will be headlined by a bout between Matt Brown and Kelvin Gastelum.

As a huge boxing fan, this is a fight I've waited to see for a long time and it should be amazing.