Canelo Alvarez Signs Richest Athlete Contract In Sports History

Boxer Canelo Alvarez Inks $365 Million Contract With Streaming Network DAZN, Richest Deal in the History of Sports

Canelo Alvarez signs record-breaking $365 million deal with DAZN

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

The fight was the last of his broadcast deal with HBO, who recently announced they'll be exiting the boxing game after several decades.

Oscar De La Hoya's 7,000-hour library of fights spanning his career as a boxer and a promoter are included in the partnership and these classic bouts will be available on DAZN.

Álvarez's next fight is against Britain's Rocky Fielding on 15 December at New York's Madison Square Garden.

Promoter De La Hoya told ESPN: "Canelo is the highest-paid athlete in the world".

It is the biggest contract in sports history, surpassing the $325m 13-year contract extension signed by baseball star Giancarlo Stanton at the Miami Marlins in 2014.

Rodriguez signed a 10-year contract with the New York Yankees in 2008, receiving $23 million more than his previous contract with the Texas Rangers.

Canelo Alvarez not boxing on pay per view anymore is a huge move indeed, one that could genuinely threaten the entire pay per view model of boxing and combat sports in North America.

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Now fans can pay significantly less - $9.99 subscription cost per month in the US - to see his fights on DAZN (pronounced Da-Zone).

DAZN has former ESPN head, John Skipper at the helm, the company is looking to land other major sports contracts in the very near future.

The Mexican, who holds the WBA and WBC world middleweight titles, has signed a five-year, 11-fight deal that could be the most lucrative in sports history.

"It is 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".

But, if it doesn't happen, Canelo tells us he's down for a 3rd fight with Gennady Golovkin - and in the meantime, he's prepping for his December 15 fight against Rocky Fielding at Madison Square Garden. "I know Canelo is an elite fighter, but I'm going in there as a champion to defend my title and walk away with the victory".

If he defeats Fielding - as expected - who's to say Alvarez can't go back down to 160 and thoroughly wipe out the slate, whether that includes Jacobs, a Jermall Charlo (once he comes off his suspension) and "GGG", who Canelo spoke with DAZN earlier about facing in a possible trilogy. I'd love to have the opportunity to prove myself at this point in my career.

Alvarez, 28, is from Mexico.

"We have No. 1 and No. 2".

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