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Canelo Álvarez signs $365 million contract with streaming service DAZN

19 October, 2018, 08:41 | Author: Lula Armstrong
  • Canelo Alvarez lands a left hand in his win over Gennady Golovkin in September. More

Alvarez's new five-fight, 11-year contract will pay him a minimum of $365 million, firmly establishing the multi-titleholder as the face of DAZN - a combat streaming service that recently launched in the U.S. The deal also sets him up to be one of the world's richest athletes for the next decade, with annual pay rivaling any star in sports.

With the DAZN contract, Alvarez could earn more than $120 million month over a 12-month period, according to Forbes.

It will offer fans a monthly subscription service to watch the fights rather than having to pay hefty pay-per-view fees. "It's very important. We have something pending there, so let's make the second fight".

Canelo Álvarez's new contract has bumped the 13-year, $325m deal that Giancarlo Stanton signed with the Miami Marlins in 2014 into second place.

"It's very important for me to give the fans the biggest fights and the most important fights, and I promise you I will always do that".


Mayweather's most recent fight came against UFC star Conor McGregor inside the boxing ring and the American defeated him with a 10th round knockout in August 2017.

Canelo Alvarez (50-1-2, 34 KOs) will have a new boxing home starting December 15, when he challenges Rocky Fielding (27-1, 15 KOs) for the super middleweight crown in Madison Square Garden.

ESPN, Turner Sports and Showtime were all thought to be major contenders for the boxer's signature after his deal with HBO finished after the second Golovkin match-up.

"Look, I just want the best fights", he said. DAZN made a big splash over the summer by signing promoter Eddie Hearn of Matchroom Sport, with a stable including unified heavyweight champion Anthony Joshua, to an eight-year, $1 billion deal.

Los Angeles-based Golden Boy Promotions was established in 2002 by Oscar De La Hoya, the first Hispanic to own a national boxing promotional company. "DAZN has the ideal 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".

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