Professional Boxer Canelo Alvarez Signs Sports Largest Contract Ever At $365 Million
By Thomas Barrabi, Fox Business // October 17, 2018
Alvarez overall record: 50-1-2
ABOVE VIDEO: Canelo Álvarez challenges Mayweather as he signs richest ever sport contract.
(FOX BUSINESS) – The richest contract in sports history now belongs to a boxer.
Canelo Alvarez, 28, agreed to a five-year, 11-fight contract with streaming platform DAZN on Wednesday that will pay him a minimum of $365 million, according to a press release.
The contract shatters the existing record established in 2014 by New York Yankees slugger Giancarlo Stanton’s $325 million contract.
“I’ve always liked a challenge, and this is yet another challenger in my career,” Alvarez said in a statement.
“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.”
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