Boxer Alvarez signs N131bn deal, richest contract in sports history

Doug Mendoza
October 17, 2018

This groundbreaking deal with Canelo will be the richest athlete contract in sports history.

Lionel Messi, who earned $111 million past year, is likely to be his main competition for the highest-earning athlete title, but reports indicate that Alvarez could have earned upwards of $120 million for 2018 by the time of his debut fight with DAZN.

Who's to say DAZN can't have Matchroom / Hearn, De La Hoya / Golden Boy and Al Haymon (managed fighters) fights all on their platform in time?

Alarez, 28, has agreed the five-year-deal with sports streaming service DAZN.

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.

It will offer fans a monthly subscription service to watch the fights rather than having to pay hefty pay-per-view fees. "He's extremely happy", promoter Oscar De La Hoya told ESPN after Alvarez signed the dotted line.

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Overall, super, super stuff for boxing.

"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".

Canelo, who recently beat the previously undefeated Gennady Golovkin in a highly anticipated rematch to become the unified WBA and WBC middleweight champion, is widely considered to be one of boxing's biggest stars, and joins a line-up on DAZN which includes world heavyweight champion Anthony Joshua.

That deal included a total of 16 bouts each year across the United States on top of Matchroom's existing 16 fight nights in the UK. My dream has been to make boxing a sport for all.

"I've always liked a challenge, and this is yet another challenger in my career", Alvarez said in a statement.

Mayweather himself looks to be eyeing up another massive pay day, telling TMZ Sports this week that a fight with UFC champion Khabib Nurmagomedov was "happening" and that he would get a "nine-figure payday".

Other reports by GizPress

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