Jay Z Pays Oscar De La Hoya $100,000 After Losing Bet

Jay Z is a man of his word. 

After losing a boxing-related bet to Oscar De La Hoya, the rapper apparently paid the former pro boxer $100,000 , TMZ reports.

The celebrity news site previously reported that Jay bet De La Hoya $100,000 that Miguel Cotto  (of Roc Nation Sports) would beat boxing superstar Canelo Alvarez during their match this past weekend . Well, Alvarez won, which means Jay had to fork over the cash. 

TMZ confirms that the "99 Problems" rapper did so right away. They spoke to De La Hoya, who said he received the money and put it toward helping people at a Los Angeles hospital. 

"Thanks to Jay Z, thousands of patients at White Memorial Medical Center will also be winners," he told TMZ. "I don’t imagine [Jay's] excited about losing $100,000, but he can take some comfort in knowing that it’s going to a good cause."

So basically, everyone's a winner here. 

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