Canelo Alvarez Signs 5-Year, $365 Million Fight Deal With DAZN

Annette Crawford
October 18, 2018

Alvarez, the world middleweight champion, signed a long-term deal with sports streaming service DAZN that will see him earn at least United States dollars 365 million over five years, according to reports.

Alvarez, 28, outpointed middleweight destroyer Gennady Golovkin in their September PPV rematch, which also marked his last bout with HBO after the premium cable network announced it was ceasing boxing coverage after 45 years.

His next fight will be against Rocky Fielding at New York's Madison Square Garden on December 15 and the Guadalajara native has a strong chance of being named Forbe's Richest Athlete in 2019, particularly if a third bout with Golovkin materialises. De La Hoya concealed that Alvarez is "extremely happy" being the highest-paid athlete in the world.

ESPN has reported that Alvarez inked a five-year, 11-fight, $365 million broadcast deal with DAZN.

The potentially good news for fight fans: Alvarez's bouts typically have cost around $80 apiece on pay per view, but the DAZN all-sports streaming service charges $9.99 a month and features an assortment of combat sports offerings, per ESPN.

"We are thrilled to be exclusive partners with Golden Boy Promotions and Oscar De La Hoya", added John Skipper, executive chairman of DAZN Group. We'll see how the weight affects me.

However, it will earn him more than £1m a week over the five years and Alvarez - beaten only by Floyd Mayweather in a 53-fight career - can increase his earnings if DAZN achieve pre-determined subscription targets. "I know how important I am to any platform I go to".

Alvarez's switch to DAZN is a direct effect of HBO television's decision to pull the plug on 45 years of broadcasting boxing earlier this month.

"I was never anxious because I'm very confident in myself", he said.

Will you be watching Canelo fight on DAZN this December?

As part of the Alvarez deal, the Mexican's promoters Golden Boy will stage 10 cards on the channel each year. "We are committed to making this sport as accessible as possible and at an affordable price for all the fans".

Other reports by Iphone Fresh

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