Canelo Alvarez signs $ 365 million deal with DAZN after HBO boxing departure

The biggest draw in boxing, Canelo Alvarez could be on DAZN next, as the streaming service has completed a deal with the middleweight champion. Alvarez won the World Boxing Association (WBA) and World Boxing Council middleweight title after the controversial defeat of Gennady Golovkin in his rematch last month in an HBO pay-per-view that reportedly drew 1.1 million purchases.

Later that month, HBO announced that it would drop its coverage of boxing, such as Alvarez, Golovkin and others without a home broadcast. Networks like Showtime, ESPN, Fox and DAZN should all go to Alvarez, especially after Floyd Mayweather's resignation last year, the Mexican is currently the biggest draw in the sport, at least in the United States.

But according to Kevin Iole of Yahoo Sports It's DAZN that agrees on a long-term deal with the star. The conditions were initially unknown, but Lance Pugmire of the Los Angeles Times later reported that it was the "rich" est deal "in sports history with Alvarez earning a guaranteed $ 365 million from a 10-fight deal that it will be officially announced on Wednesday, ESPN reported an 11-fight deal and immediately got Alvarez's reaction to the news: "It's just from my hard work," Alvarez told ESPN. "The most important thing for me was Allowing fans to watch 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 do. "It is very important for me to give the fans the biggest fights and the most important fights, and I promise you that I will always do that. The December fight with Fielding is a dangerous fight. I gain weight and I do not know how my body will feel. But I always want to face challenges, and I am very happy that my fans can see me fighting for a small prize, "he said."

According to Iole, Alvarez promoter Oscar De La Hoya, CEO of Golden Boy, signed a contract with John Skipper , Executive Chairman of the Perform Group, which owns DAZN.The paid streaming service for $ 9.99 per month, which is to become the Netflix of the sport, signed a record deal with Eddie Hearn Matchroom Boxing earlier this year, with its first Broadcast in the United States as unified heavyweight champion Anthony Joshua's successful title defense against Alexander Povetkin last month. Alvarez's entry is a huge boost to the service, with them already bragging about Matchroom crown jewel Joshua, while British promotion also featured recently unified cruiserweight champion Oleksandr Usyk added her ranks, and Hearn also revealed earlier this month hoped to have at least one of Alvarez, Golovkin or Manny Pacquiao on the platform.