This boxer just signed the richest sports contract in history

Floyd Mayweather sent Alvarez to his sole professional defeat in September 2013

Floyd Mayweather sent Alvarez to his sole professional defeat in September 2013

As far as his new contract is concerned - the richest in the history of pro sports - Canelo says he's not about to go on a spending spree because he's already rich and has everything he wants.

While it would eclipse the 13-year, $325m (then £208m) contract baseball's Giancarlo Stanton signed in 2014, when broken down on an annual basis he will earn less than the likes of Barcelona footballer Lionel Messi, who has an annual salary of $84m (£64m) according to Forbes.

For 9.99 per month on a subscription basis to DAZN that you can cancel anytime, boxing fans will be able to watch his fight on December 15th at Madison Square Garden against Rocky Fielding for a fraction of the price as well as getting an entire month's boxing content.

The lucrative deal comes on the heels of HBO recently announcing its plan to pull the plug on its boxing coverage by the end of 2018, forcing Alvarez and others to seek new broadcast homes.

Undefeated boxing champ Floyd Mayweather discusses his global business venture, Mayweather Boxing + Fitness, that features a virtual reality experience. "Being part of this historic deal will require me to prepare myself even more and offer fans even better performances".

"This is only from my hard work", Canelo told ESPN of this record-breaking contract (via MMA Mania).

The boxer is represented by Golden Boy Promotions, the stable led by former champion Welterweight Oscar De La Hoya, the highest pay-per-view earner in boxing before Floyd Mayweather and Manny Pacquiao arrived on the scene. "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".

The pair will lock horns at Madison Square Garden in NY and Fielding has been in the States this week to face his opponent and promote the fight.

Alvarez said he has confidence DAZN will succeed.

Alvarez is coming off the biggest win of his career in September, a thrilling majority decision victory against Gennady "GGG" Golovkin to become the WBC, WBA, Lineal and Ring Magazine Middleweight champion.

Alvarez, 28, is from Mexico.

He is the most high-profile fighter to sign with the platform, after Eddie Hearn and Matchroom Boxing agreed a $1bn deal earlier in the summer.

The Perform-owned streaming services signed an eight-year deal with United Kingdom promoter Eddie Hearn earlier this year worth $1bn.

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