![]() ![]() ![]() "This is only from my hard work," Alvarez told ESPN shortly after he signed the paperwork. But even though DAZN doesn't offer pay-per-view, Alvarez can still earn even more money beyond his guarantee based on specific subscription benchmarks that DAZN can reach during the course of the deal. When Alvarez was fighting on pay-per-view, he would earn money for every buy above a set threshold beyond his guaranteed purse. But the move to DAZN will take him off HBO PPV - where his fights cost around $80 apiece for viewers - and place his two fights per year on the all-sports streaming service that charges $9.99 a month for a slew of combat sports offerings. ET Wednesday, when Alvarez, accompanied by manager Chepo Reynoso and trainer Eddy Reynoso, signed the contract following a lengthy meeting with De La Hoya and Golden Boy Promotions president Eric Gomez at a hotel in New York's Times Square.Īlvarez is boxing's biggest pay-per-view star of the post Floyd Mayweather/Manny Pacquiao era, generating hundreds of millions of dollars for events on HBO PPV and, before that, Showtime PPV. HBO had the right of first negotiation and a last-look provision for Alvarez's fight with England's Fielding (27-1, 15 KOs), and the network made an offer for an HBO PPV event, but it elected not to match the one made by DAZN.Īlthough rumors that the deal was imminent have swirled for a few days, it was not finalized until after 1 a.m. He's extremely happy," De La Hoya told ESPN after Alvarez signed. "Canelo is the highest-paid athlete in the world. 15 at Madison Square Garden in New York, where they will meet face-to-face at the kickoff news conference on Wednesday afternoon.Īlvarez's deal is the richest athlete contract in sports history, eclipsing the 13-year, $325 million agreement that New York Yankees slugger Giancarlo Stanton signed in 2014 when he was with the Miami Marlins. It will commence with his move up to super middleweight to challenge secondary world titlist Rocky Fielding on Dec. ![]() In a record-shattering deal finalized early Wednesday morning, Alvarez signed a five-year, 11-fight deal worth a minimum of $365 million with DAZN, which only launched in the United States in September. But with the premium cable network's recent announcement that after 45 years of putting on most of the biggest fights in boxing it was bowing out of the sport at the end of the year, they were in need of a new broadcast home - and they have landed a very lucrative one with new sports streaming service DAZN through 2023. Oscar De La Hoya's Golden Boy Promotions stable of fighters, including Canelo Alvarez, the unified middleweight world champion and boxing's biggest superstar, have long been stalwarts of HBO. You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browserĬanelo Alvarez signs 5-year, 11-fight deal worth minimum $365 million with DAZNĪs the old saying goes, as one door closes, another one opens. ![]()
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