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Antonio Margarito's license approved

Updated: November 22, 2011, 8:54 PM ET
By Dan Rafael | ESPN.com

After days of uncertainty, the New York State Athletic Commission on Tuesday granted Antonio Margarito a boxing license, ensuring that he will challenge junior middleweight titlist Miguel Cotto in a much-anticipated rematch Dec. 3 at Madison Square Garden.

"There is a fight. This gotta be a chapter in my book," Top Rank promoter Bob Arum exclaimed after watching the commission hearing on a live webcast. The commission had reservations about licensing Margarito because of a serious eye injury ...

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