Jay Z Owes 100k to Charity After Cotto-Canelo Fight

Unfortunately, presence is not enough to fulfill the loss Jay Z just took.

The legendary rap hustla completed date night with Bey at the Miguel Cotto vs. Canelo Alvarez match in Vegas, Saturday, where he had had a $100,000 wager on the line. And, needless to say, he wasn't betting on Canelo besting his Roc Nation signee 117-111, 118-110, and 119-109, in unanimous decisions for the middlewight champion of the world title.

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Hova had put the money up alongside Oscar De La Hoya, who manages Canelo, and will pay it out to a charity of the Golden Boy's choosing. 

"It's a win win for everybody," Hoya told TMZ.

Perhaps next time, Cotto will use Kev's shoulder roll move:

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(Photos from left: Stephen Lovekin/Getty Images, Bryan Steffy/Getty Images for HBO Latino)