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

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

Saul "Canelo" Alvarez has signed the most lucrative contract in sport history, after agreeing a five-year, 11-fight worth $365million [£278 million] with DAZN, the USA digital sports streaming channel.

"This is only from my hard work", Canelo told ESPN of this record-breaking contract (via MMA Mania). "More than anything, though, I'm happy that I could give great fights to fans". "It's very important. We have something pending there, so let's make the second fight".

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.

The contract with DAZN is the largest contract ever for a sportsman, greater than the 13-year, $325 million agreement that New York Yankees hitter Giancarlo Stanton signed in 2014 to move from the Miami Marlins. "They're the two most important fighters in the world", DAZN executive chairman John Skipper said.

Boxer Saul "Canelo" Alvarez earned the most lucrative contract in sports history this week by quietly amassing one of his sport's most impressive resumes.

Alvarez will move up in weight to challenge WBA super middleweight champion Rocky Fielding on December 15 at New York's Madison Square Garden.

DAZN launched in the United States last month and is a subscription based services that charges customers $9.99 a month and will broadcast more than 80 fights a year.

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

The deal also dictates that Golden Boy put on ten "high-calibre" fight nights per year that will stream on DAZN from 2019.

Alvarez said he has confidence DAZN will succeed.

Alvarez became available when his deal with HBO expired.

"Being part of this historic deal will require me to prepare myself even more and offer fans even better performances".

Los Angeles-based Golden Boy Promotions was established in 2002 by Oscar De La Hoya, the first Hispanic to own a national boxing promotional company. "Forget about what the price is, the amount of money that we're making".

ESPN reported that Alvarez's fights on DAZN would not be shown on pay-per-view.

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