Canelo Álvarez signs $365 million contract with streaming service DAZN

20 October, 2018, 08:42 | Author: Amy Huff
  • Floyd Mayweather sent Alvarez to his sole professional defeat in September 2013

Alvarez's deal will see him make a minimum of $365 million over the course of five years and ten fights - moving away from HBO since their decision to leave the business.

Alvarez's $365 million deal dwarfs the previous record for the largest contract in sports history, established when Major League Baseball slugger Giancarlo Stanton signed a $325 million deal with the Miami Marlins.

He successfully walked down Gennady Golovkin in their heated rematch last month en route to a unanimous victory over his rival, exorcising his detractors who wondered if he could defeat "GGG" clean.

Alvarez's first bout of the deal sees him step up to super-middleweight to face Rocky Fielding on 15 December.

Alvarez is guaranteed $30m per fight and becomes the first major United States star to jump ship from traditional pay-per-view platforms.

Mayweather aimed a swipe at Alvarez, who signed a £280million ($365m) eleven-fight deal with boxing's newest streaming service.

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Using the "Throwback Thursday" hashtag on Instagram, Mayweather took the chance to post some old pictures of De La Hoya and his Mexican client and did not hold back in his thoughts on the pair. HBO and Showtime typically charged $80 per fight, but on DAZN, his two fights per year will be available to those who pay $9.99 per month for the streaming service.

"This is easily one of the best days in the growing history of Golden Boy Promotions", said De La Hoya, speaking to ESPN. "It's very important. We have something pending there, so let's make the second fight".

Nearly no one in the boxing industry noticed last May when former ESPN president John Skipper joined the streaming sports media firm Perform Group as its executive chairman. "He wants to continue hurting boxing by making fights that don't make sense ... and not giving boxing the credibility it deserves", Canelo tells TMZ Sports.

"I'd love to have the opportunity to prove myself at this point in my career". "DAZN has the flawless platform to make this dream come true, and with the biggest star in the sport at the helm of this journey, I have no doubts that we will succeed in unimaginable ways".

Alvarez said for now his plan is to return to 160 after the bout against Fielding (27-1, 15 KOs), a British fighter who will be trying to win a title in his third weight class.

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