Boxer Alvarez signs $365M deal, richest contract in sports history

Saul "Canelo" Alvarez has signed the most lucrative contract in sport history, after agreeing a five-year, 11-fight worth $365million [£278 million] with DAZN, the United States digital sports streaming channel.

It makes the middleweight world champion the highest paid sportsperson in the world, according to his promoter Oscar De La Hoya.

"This is only from my hard work", Alvarez told ESPN shortly after signing the deal at 1 a.m. ET at a hotel in Times Square.

Alvarez's popularity has exploded over the past few years with big fights with stars like Gennady Golovkin, Amir Khan and Julio Cesar Chavez Jr.

Mayweather himself looks to be eyeing up another massive pay day, telling TMZ Sports this week that a fight with UFC champion Khabib Nurmagomedov was "happening" and that he would get a "nine-figure payday".

"Being part of this historic deal will require me to prepare myself even more and offer fans even better performances".

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Alvarez's deal is the richest athlete contract in sports history, eclipsing the 13-year, $325 million agreement that batter Giancarlo Stanton signed in 2014 with the Miami Marlins.

The potentially good news for fight fans: Alvarez's bouts typically have cost around $80 apiece on pay per view, but the DAZN all-sports streaming service charges $9.99 a month and features an assortment of combat sports offerings, per ESPN.

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

'I am moving up in weight, and I don't know how my body will feel.

First off, in recent years to watch a Canelo fight in America, you would have had to shell out big bucks to buy one of his fights on pay per view.

Overall, super, super stuff for boxing. Joshua fought on the platform's debut card following its US launch when he defended his trio of world titles by stopping Alexander Povetkin in London on September 22.

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