Sporting world stunned as boxer signs richest deal in history

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Saul "Canelo" Alvarez has signed the richest contract by any athlete in sports history after putting pen to paper on a massive $365 million deal for his fights to be shown on the sports-streaming service DAZN.

Floyd Mayweather has taken a break from calling out UFC lightweight champion Khabib Nurmagomedov to focus on Oscar De La Hoya and Canelo Alvarez.

At 28, Alvarez is one of the most recognizable names in boxing, with a 50-1-2 career record and high-profile victories over Gennady Golovkin, Julio Cesar Chavez Jr., Amir Khan, Miguel Cotto and Shane Mosley, among other top contenders.

Alvarez's contract is being called the richest for an athlete in sports history, an 11-fight deal that begins December 15 at Madison Square Garden, where he takes on Rocky Fielding of Liverpool for his WBA super middleweight championship.

In theory, anyhow. According to DAZN, Alvarez will be paid $365 million for 10 fights spread over five years.

It will offer fans a monthly subscription service to watch the fights rather than having to pay hefty pay-per-view fees.

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Canelo is scheduled to face British boxer Rocky Fielding on December 15 in his first defense of his newly-won WBA title.

Now fans can pay significantly less - $9.99 subscription cost per month in the US - to see his fights on DAZN (pronounced Da-Zone). Just a few hours after his Canelo post, Floyd put up a rather embarrassing message aimed at another former opponent, Oscar De La Hoya.

"So I've got to find those fans", Skipper said.

Gomez said Alvarez is committed to fighting 11 times during the deal and willing to fight any of the contenders at 160 or 168 pounds.

"If he wants to come back and is still motivated to come back, he should do it right and give me the opportunity to have that rematch and demonstrate who is better". Criticizing the man who bested his younger self, the Mexican star claimed Mayweather's interest in facing UFC fighters was damaging the sport of boxing.

Alvarez said for now his plan is to return to 160 after the bout against Fielding (27-1, 15 KOs), a British fighter who will be trying to win a title in his third weight class.