Categories: SPORTSSports

Canelo Álvarez Signs Historical Contract With 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.

READ ALSO:

Ex Ivorian footballer Kalou Elected Mayor

Herman Nnyanzi

Recent Posts

Uganda Launches TVET Reforms to Boost Employment

The Ugandan government has introduced reforms in the Technical and Vocational Education and Training (TVET)…

2 weeks ago

Mbarara University Holds 31st Graduation, Welcomes New Vice Chancellor

Mbarara University of Science and Technology (MUST) held its 31st graduation ceremony on 19th October…

2 weeks ago

Love Languages Unpacked: How to Communicate Love in Ways That Truly Resonate

Discover the five love languages and learn how to communicate love effectively in your relationships.…

2 weeks ago

Uganda, India Discuss Operationalisation of National Forensic Sciences University in Jinja

The Chief of Defence Forces (CDF), Gen. Muhoozi Kainerugaba, met with Indian High Commissioner to…

3 weeks ago

Ndejje University Graduates 1,067 at 26th Ceremony, Urged to Be Innovators

Ndejje University held its 26th graduation ceremony on October 11, 2024, at the main campus…

3 weeks ago

Makerere Launches ‘Safer Campuses Campaign’ to Combat Gender-Based Violence

Makerere University has launched the "Safer Campuses Campaign," a multi-university initiative aimed at tackling Gender-Based…

3 weeks ago

This website uses cookies.