Canelo Álvarez signs $365 million contract with streaming service DAZN

20 October, 2018, 08:44 | Author: Isabel Grant
  • Floyd Mayweather sent Alvarez to his sole professional defeat in September 2013

This week saw money making history when Canelo Alvarez signed what has been called the richest deal in all of sports, when he signed an 11-fight, $365 million deal with DAZN.

In theory, anyhow. According to DAZN, Alvarez will be paid $365 million for 10 fights spread over five years.

A massive moneymaker when he fought on pay-per-view, Alvarez will be able to be seen for much cheaper through the subscription service that launched in the U.S. in September and now features perhaps the two biggest figures in boxing in Alvarez and heavyweight champion Anthony Joshua. "There are many people who I could have great fights with, but I just want the best fights".

In the crossover from Mayweather's retirement to Alvarez's ensuing dominance up the weight classes, the pay-per-view crown was nearly passed over to the Latino fighter. It literally takes me 1 night and 1 fight to make what you might make in 5 years and 11 fights!

The previous record holder for total dollars was baseball player Giancarlo Stanton who signed a 13-year $325 million contract with the Miami Marlins back in 2014.

More news: Record jackpots for LOTTO MAX, U.S. Mega Millions

Alvarez plans to fight twice a year, and the service will include those bouts as part of its $9.99 monthly fee.

Floyd Mayweather has taken aim at Oscar De La Hoya and his Golden Boy Promotions client Canelo Alvarez in a ruthless attack on social media on Thursday night.

Canelo's move to DAZN occurs at an uncertain, transitionary time for the sport of boxing.

The move represents the latest coup for DAZN, which only launched in the USA in September after announcing a landmark US$1 billion joint venture with Eddie Hearn's Matchroom Boxing in what was described as the biggest deal in the sport's history.

Canelo Alvarez, fresh off his razor-thin split decision "victory" over Gennady Golovkin, which, in this writer's opinion, was an absolute shambles of a result, has signed the highest-earning sports contract of all time. But the offer by DAZN was too good to pass up. We fighting. I mean, I'm my own boss. The Mexican fighter can also earn money on top of his deal if he helps bring in a certain number of subscriptions during his contract.

Recommended:

  • Cuomo Blames Republicans For

    Cuomo Blames Republicans For "Proud Boys" Brawl

    Vandals spray-painted the doors of the Metropolitan Republican Club in NY , seen in this photo from Friday, Oct. 12, 2018. The NYPD released photos of three men they want to question in connection with the Friday night violence.
    USA  bullying won't resolve supply shortage in oil market: Zanganeh

    USA bullying won't resolve supply shortage in oil market: Zanganeh

    They also expect to see declines in stockpiles of gasoline by 1.52 million barrels and distillates by 1.5 million barrels. Given the impact of rising oil prices on the rupee and India's trade deficit, his motivations were clear.
    Mega Millions jackpot jumps to $667 MILLION

    Mega Millions jackpot jumps to $667 MILLION

    Although the Mega Millions prize has grown larger, the odds of winning remain the same at one in 302.5 million. The last time anyone won the jackpot was July 24, when a group from California claimed a $543 million prize.
  • Trump suggests ‘rogue killers’ murdered Saudi journalist

    Trump suggests ‘rogue killers’ murdered Saudi journalist

    Stocks have dropped as much as 9% since Khashoggi disappeared on October 2 after walking into the Saudi consulate in Istanbul. Saudi Arabia is now facing growing worldwide pressure to explain the disappearance of Saudi journalist Jamal Khashoggi .
    Mega Millions drawing offers awful odds but huge jackpot

    Mega Millions drawing offers awful odds but huge jackpot

    Mega Millions officials say no tickets matched all six numbers to claim the estimated $548 million grand prize. If you match a yellow ball and a white ball during tonight's drawing, then you will walk away with $4.
    Patriots show championship mettle in wild win over Chiefs

    Patriots show championship mettle in wild win over Chiefs

    Former Patriots defensive end Rob Ninkovich is not very impressed with Chiefs tight end Travis Kelce as a blocker. Gronk picked up 42 on the play on a drive which finished with a 50-yard field goal by Stephen Gostkowski.
  • Train runs into burning Ravana effigy in Amritsar, 50 feared dead

    Train runs into burning Ravana effigy in Amritsar, 50 feared dead

    According to news agency PTI , the train was coming from Jalandhar to Amritsar when the incident occurred at Joda Phatak. DMU train number 74943 ran into people gathered near railway tracks watching the Dussehra celebrations around 7 pm.
    Pippa Middleton, James Matthews welcome first child

    Pippa Middleton, James Matthews welcome first child

    The new cousin for Prince George , Princess Charlotte , and Prince Louis was born at 1.58 pm and weighed 8 pounds and 9 ounces. The Duchess of Cambridge has become an aunt after her sister, Pippa Matthews, gave birth to a baby boy on Monday, 15 October.
    HURRICANE LESLIE: Spain on full alert as tropical storm sweeps country TODAY

    HURRICANE LESLIE: Spain on full alert as tropical storm sweeps country TODAY

    Forecasters said a tropical storm warning is in effect for Madeira Island, where Leslie is expected to hit Saturday night. Gusts of nearly 100km/h were recorded near the city of Zamora early on Sunday, but winds have now lessened.
  • Australian government resists retribution for Saudi Arabia until Khashoggi investigation concludes

    Australian government resists retribution for Saudi Arabia until Khashoggi investigation concludes

    In Istanbul , Turkish investigators for a second time searched the Saudi consulate, where Khashoggi vanished, in a hunt for clues. The Saudi consul general reportedly is heard on tape saying, "Do this outside; you're going to get me in trouble".
    Tech Stocks Record Worst Day in 7 Years

    Tech Stocks Record Worst Day in 7 Years

    The S&P 500 index posted no new 52-week highs and 52 new lows; the Nasdaq Composite recorded 10 new highs and 234 new lows. The S&P 500 opened at 2785.68, down 3.29%, while the Dow slid marginally at market open, hovering around 25466.
    High energy prices threaten economic damage, but likely to continue: IEA

    High energy prices threaten economic damage, but likely to continue: IEA

    Iranian oil exports in September fell to 1.63 million bpd, down 800,000 bpd from recent 2Q18 peaks, the agency estimated. West Texas Intermediate Crude was trading up 0.31 per cent at $71.19, down more than $3 per barrel from last Friday.


Popular

European Union demands more Brexit progress despite British PM's plea
The issue of Northern Ireland in these talks is a conundrum that Tusk compared to a "new version of the Gordian knot". But the problem is we can not have a border in Ireland between the Republic and the province [of Northern Ireland].

Powerful Afghan police chief killed in shooting at security meeting
Raziq and two others, including the provincial intelligence chief and a journalist, were killed in the attack. Even if the Taliban did not plan the attack, it is likely to hugely benefit them.

Sabarimala temple opens amid protests
On the contrary, Maharashtra government without any delay implemented the court order in Shani Shingnapur temple. Though older women and very young girls could be seen in the crowd, none of the menstrual age was spotted.

Two pilots killed in Ukraine fighter jet crash
The Ukranian air force said that training flights of all types of aircraft would continue, according to UNIAN. This year marks the 25th anniversary of collaboration between the California ANG and Ukraine as part of U.S.

'Orange Is The New Black' To End After Season 7
Original created by Jenji Kohan , the long-running show won four Emmys and nabbed 16 nominations over the years. The Netflix series will end with season 7 , bringing to a close a show that launched back in 2013.

Schiller says Apple & Adobe working on 'really amazing technology' for iPad Pro
Thus, any PSD file created on say the iPad Pro can easily be accessed on any other compatible device such as the Mac and so on. App updates include Photoshop CC , Illustrator CC , InDesign CC , Lightroom CC , Lightroom Classic CC , and Dimension CC .

Attack on Crimean Technical College Kills 18
Olga Grebennikova, the college's director, described a scene of bloodshed at the college, which provides vocational training. Kerch is the point on the peninsula where a bridge linking Crimea to Russian Federation makes landfall on the Crimean side.

Red Sox edge Astros to level playoff series
Bradley's double to left in the third inning plated Xander Bogaerts , Steve Pearce and Rafael Devers to put the Sox up, 5-4. As the ball bounced back toward the infield, it hopped on the padding along the side wall, just out of Gonzalez's reach.

Cherokee Nation Slamming Warren for DNA Test Distraction
Trump, who had been shying away from his favorite social media platform, and doing more interviews and campaign rallies. Graham also says he's heard his family has Cherokee ancestors - the same heritage Warren claims.

Shanghai Masters: Novak Djokovic through to final after beating Alexander Zverev
Roger Federer was stretched to three sets for a second consecutive match to reach the Shanghai Masters quarterfinals on Thursday. The Croat defeated Matthew Ebden 7-5, 6-4. "Bautista really had to raise his level of play in that second set to stay with me".