Canelo i is 325 million dollar streaming deal

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.”

Under the deal’s terms, Alvarez, who owns a 50-1-2 record as a professional boxer, will fight on DAZN’s streaming platform, which recently launched in the U.S. The platform charges a $9.99 monthly fee for access to combat sports events around the world, including Bellator MMA.

https://www.foxbusiness.com/features...act-in-history