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

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

The world middleweight champion has left the world of sport stunned after inking a lucrative long-term deal with sports streaming service DAZN that will see him earn at least $365 million over five years.

Alvarez'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's very important. We have something pending there, so let's make the second fight".

He has a 50-1-2 career record with 34 KOs.

Alvarez's $365 million deal dwarfs the previous record for the largest contract in sports history, established when Major League Baseball slugger Giancarlo Stanton signed a $325 million deal with the Miami Marlins.

"It's very important for me to give the fans the biggest fights and the most important fights, and I promise you I will always do that".

Canelo was most recently aligned with USA broadcaster HBO but the network announced it would move away from live boxing coverage at the end of 2018.

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Mayweather hasn't fought since August 2017, when he beat UFC superstar Conor McGregor via 10th-round TKO in their much-hyped boxing superfight.

Alvarez steps up to super-middleweight to fight Britain's Rocky Fielding in NY on 15 December - his first fight under the DAZN deal. It cost $84.95 to be seen in high definition. De La Hoya told ESPN that in addition to Alvarez, Golden Boy signed an undisclosed deal to promote 10 cards annually on DAZN beginning in 2019. "He said, our first meeting with him over two weeks ago, he came to our office and said, 'I've got a blank check, I'm not leaving until we make a deal.' And he put his money where his mouth is".

Alvarez and Britain's Fielding will hold a news conference in NY on Wednesday to promote their fight at Madison Square Garden.

Alvarez said he has confidence DAZN will succeed.

DAZN, which is owned by the United Kingdom -based Perform Group and overseen by former ESPN president John Skipper, also signed an exclusive deal with the World Boxing Super Series to stream a trio of tournaments promoted by Sauerland Events.

Alvarez, 28, is from Mexico.

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