Canelo Álvarez Signs Historical Contract With DAZN

Saul 'Canelo' Alvarez has signed an eye-watering contract with sports streaming service DAZN

Middleweight boxing champion Canelo Alvarez signs the richest contract in sports history at $365million to fight 11 times on the streaming service DAZN running up to 2023.

The deal is believed to be the richest contract an athlete has signed in sports history, topping the 11-year, $325 million (£247 million) slugger Giancarlo Stanton made in 2014 with the Miami Marlins, before he was ultimately traded to the New York Yankees.

After fighting Golovkin to a draw in 2017, Canelo won an narrow victory on the judge’s cards in 2018, and has parlayed that success into a new, $365 million deal with streaming service DAZN

The Mexican, who recently dethroned Gennady Golovkin in Las Vegas, has committed his future to the sports streaming service for the next five years and his next 11 fights.

According to Forbes, Alvarez (50-1-2, 34 knockouts), the WBA and WBC middleweight champ, was worth $44.5 million as of July. He reportedly earned $50 million in September for his narrow decision victory over Golovkin.

Alvarez will still be able to fight boxers who are signed with other media partners, provided that those outlets and all other parties can agree on an arrangement.

Canelo’s first fight on the new platform will come on December 15, when he takes on Britain’s Rocky Fielding at Madison Square Garden.

The deal comes in the wake of the news that US network HBO, on whose shows Alvarez previously fought, will stop showing boxing at the end of the year.

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Herman Nnyanzi