Canelo Alvarez signs the contract of the richest sportsman in the history of sport | Boxing



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Move over, Giancarlo Stanton.

Canelo Alvarez, one of the best pound-for-pound boxers on the planet, has signed a five-year deal in 11 fights worth at least $ 365 million with DAZN's new sports streaming service, according to ESPN.

The contract, concluded Wednesday morning, is the richest contract of athletes in the history of sport. He eclipsed the $ 325 million contract signed by Stanton for $ 325 million and signed in 2014 with the Miami Marlins. Baseball league.)

Alvarez, part of Oscar De La Hoya's Golden Boy Promotions, is the unified world champion in middleweight. He is 50-1-2 – his only loss to Floyd Mayweather Jr., unbeaten in September 2013 – and defeated Gennady Golovkin last month in a battle featuring two of boxing's biggest superstars.

The lucrative business follows HBO 's recent announcement of its plan to end boxing coverage by the end of 2018, forcing Alvarez and others to seek new dissemination centers. DAZN, launched in the United States in September, took its responsibilities, culminating in an agreement that will begin when Alvarez will fight Rocky Fielding on December 15 at Madison Square Garden in New York.

"Canelo is the highest paid athlete in the world. He is extremely happy, "De La Hoya told ESPN after signing the new contract by Alvarez.

Good news for fighting fans: Alvarez's fights typically cost about $ 80 per session, but the DAZN streaming service for all sports costs $ 9.99 per month and offers an assortment of combat sports offerings , by ESPN.

Photo thumbnail via Joe Camporeale / USA TODAY HUI Sports Images

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