Canelo Alvarez Net Worth 2022: DAZN Agreement and Lawsuit!
Saul Alvarez is a professional boxer from Mexico. The entire world knows Saul Alvarez as Canelo Alvarez, so we shall also refer to him by this moniker.
In addition, he received this name since his hair is cinnamon-colored. He is the greatest boxing box office draw of the present day. He has lost only one fight in his career, and that was against Floyd Mayweather.
|Born:||July 18, 1990|
|Height:||1.73 m (5 ft 8 in)|
|Country of Origin:||Mexico|
|Source of Wealth:||Professional Boxer|
Contracts of Canelo Alvarez
Canelo Alvarez signed a five-year, $365 million fight contract with Oscar De La Hoya’s promotion group and DAZN on October 17, 2018. The contract will encompass eleven fights, beginning with his battle against Rocky Fielding on December 15, 2018, in New York.
Between June 2018 and June 2019, Canelo’s enterprise earned him $95 million. In the twelve months that followed, he earned $40 million. Canelo amassed $90 million between June 2020 and June 2021.
Early Years of Canelo Alvarez
Santos Sal lvarez Barragán is Saul Alvarez’s full name, and he was born on July 18, 1990. Alvarez was born in the suburbs of Guadalajara, but his family relocated to Juanacatlan when he was five years old. Alvarez is the youngest of seven siblings who were all raised on the family farm.
Each of Saul’s six siblings went on to become professional boxers. In his youth, Saul adored riding horses. Alvarez is famous for his red hair, which is uncommon in Mexico. The nickname “Canelo” is a tribute to Alvarez’s hair color, as it means “cinnamon” in Spanish.
At the age of 13, Saul Alvarez began boxing, following in the footsteps of his older brothers. His amateur record was very impressive, and at the age of 14, he won the silver medal at the Mexican Junior Championship before earning the gold the following year.
The Career of Canelo Alvarez
Shortly after winning the gold medal, Alvarez turned professional. Although amateur boxers do not typically make their debut at age 15, Alvarez did so because nobody else wanted to fight him. Despite beating fighters significantly older than himself, he knocked out the majority of his opponents. In 2006, he won the welterweight championship.
In 2010, Alvarez stepped up to light middleweight and won the WBC silver title. He also became the first boxer to knock out Carlos Baldomir in the same year. Alvarez repeatedly and successfully defended his title, eventually defeating Austin Trout in 2013. Floyd Mayweather delivered a decisive defeat against Alvarez later that year.
Saul Alvarez went on to win several more bouts, beginning in 2014 with a victory against Alfredo Angulo. Another significant victory occurred in 2015 when Alvarez defeated Miguel Cotto. This victory gave Alvarez the WBC, Ring, and lineal middleweight championships. He defended these titles against Amir Khan with a devastating knockout.
In 2016, Alvarez lost weight to fight WBO light-middleweight world champion, Liam Smith. He defeated Smith by delivering a powerful blow to the body. After lengthy discussions, Alvarez fought Julio Cesar Chavez Jr. and won by unanimous decision. This set the stage for the battle that everyone has been anticipating: Alvarez versus Golovkin.
Prior to the fight’s official announcement, Golovkin has been in negotiations for years. In September of 2017, a split ruling deemed the two combatants to be equal. The rematch was set for the month of May 2018. Alvarez was suspended for six months after testing positive for a prohibited drug. In a surprising turn of events, Golovkin also lost his belt.
The rematch remained a goal for both combatants, and after lengthy talks, it was finally planned for 2018. Many media sources and fans scored the fight in Golovkin’s favor, but Alvarez prevailed via another contentious decision.
After winning at super middleweight, Alvarez returned to the middleweight division to defeat Daniel Jacobs. The next year, he went up two weight classes and defeated Sergey Kovalev at light heavyweight.
Saul Alvarez Major Purse History
Sugar Shane Mosely: $1,200,000
Josesito Lopez: $2 million
Floyd Mayweather: twelve million dollars
Miguel Cotto: $5 million
Amir Khan: $25 million
Gennady Golovkin I: $40 million
Gennady Golovkin II: thirty million dollars
Total: $115 million
Boxing Fashion of Canelo Alvarez
Saul Alvarez is renowned for his exceptional ability to counterpunch, as he discovers and exploits minor openings in his opponents’ guards.
Alvarez is also noted for his devastating body blows, which he frequently concludes with a liver shot. Moreover, he is known for his head movement, which makes him vulnerable, but this strategy has its own benefits.
Canelo has demonstrated his exceptional intelligence in nearly every round, setting traps for his opponents with inventive combinations that keep everyone guessing. Canelo frequently finishes bouts with these combos, so if he lands more than three punches, the fight is typically done.
Net Worth of Canelo Alvarez
Saul Alvarez, also known as “Canelo,” is a Light Middleweight professional boxer with a net worth of $180 million according to celebritynetworth.com. Alvarez is a four-division world champion who has been called the sport’s best boxer pound-for-pound.
Saul Alvarez has proven himself to be a formidable opponent against practically every opponent he has faced.
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DAZN Agreement and Lawsuit
In 2018, DAZN reached a $365 million agreement with Alvarez to show his next ten fights exclusively. It was one of the richest sports contracts in history at the time. Between June 2018 and June 2019, Canelo earned $95 million from his various income sources, thanks in significant part to this arrangement and a number of endorsements.
The transaction was expected to be uncomplicated. DAZN would pay Golden Boy $40 million each fight for ten fights in 2019 and 2020, for a total of $1 billion. Canelo’s cut for each fight would be $35 million.
In September 2020, Canelo filed a lawsuit against DAZN, Golden Boy Promotions, and Golden Boy’s CEO Oscar De La Hoya for breach of contract. His last fight was scheduled for November 2019 against Sergey Kovalev, per the file.
The complaint sought a total of $280 million in damages, sponsorship losses, and gate income. The case was initiated after a year of the dispute between parties who, at the time of filing, predicted that Canelo would not have a single fight in 2020. Reportedly, DAZN is dissatisfied with the opponents Canelo has chosen, as they are not “premier.”
Canelo was reportedly offered half of his guaranteed $35 million purse to fight Billy Joe Saunders on DAZN. A proposal that was rejected.
Canelo feels he is owed $35 million to fight the opponents he proposes/selects with DAZN and Goldenboy, or he wants to be released from his contract so he can pursue matches independently. Canelo believed that the contract allowed him to choose future opponents with Golden Boy. Moreover, he asserted that Golden Boy had a separate deal granting DAZN the authority to approve or reject opponents.