Canelo Alvarez Headed to DAZN in New $365M, Multi-Year Mega Deal

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Canelo Alvarez took the next step in establishing boxing global supremacy.

ESPN reports that Alvarez has signed with the online streaming service to broadcast his fights. Here is the deal breakdown per Dan Rafael.

In a record-shattering deal finalized early Wednesday morning, Alvarez signed a five-year, 11-fight deal worth a minimum of $365 million with DAZN, which only launched in the United States in September.

It will commence with his move up to super middleweight to challenge secondary world titlist Rocky Fielding on Dec. 15 at Madison Square Garden in New York, where they will meet face-to-face at the kickoff news conference on Wednesday afternoon.

The signing comes on the heels of HBO’s announcement¬†that it will discontinue boxing after airing its final fight on October 27 when¬†Daniel Jacobs¬†competes against Sergiy Derevyanchenko¬†for the vacant IBF middleweight title. The network where Alvarez fought exclusively since September 2014.

Here is what Canelo had to say after the signing.

“This is only from my hard work,” Alvarez told ESPN shortly after he signed the paperwork. “The most important thing to me was being able to give the fans the opportunity to see me fight without having to pay the $70 or $80 for my fights on pay-per-view. That was the most important thing, more important than what I am making.

“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. The December fight with Fielding is a dangerous fight. I am moving up in weight, and I don’t know how my body will feel. But I always want to take on challenges, and I am very happy my fans will be able to see me fight for a small cost.”

Alvarez said he was not worried that he was moving to an unproven broadcast platform.

“Never. I was never worried because I’m very confident in myself,” he said. “I know how important I am to any platform I go to. I am very grateful to HBO and to Showtime for what they did for my career, but I am happy we’re moving forward and that I will be able to fight on a platform that is the future. I’ve always liked a challenge, and this is yet another challenger in my career.

“Being part of this historic deal will require me to prepare myself even more and offer fans even better performances. At the same time, I am humbled to be selected to lead this new vision for the sport of boxing, which will without a doubt be for the benefit of the fans.”

In addition to Alvarez, the new DAZN deal will also include 10 Golden Boy cards per year, according to the LA Times. Further details will soon be released.

DAZN is available for a monthly fee of $9.95 and can be streamed on TV, mobile devices, gaming consoles and computers.

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