Alvarez signed an 11-fight, $365M deal with Golden Boy and DAZN in '18GETTY IMAGES
Boxer Canelo Alvarez is "asking for the freedom to fight on shows promoted by entities" other than Golden Boy Promotions and broadcast by companies other than DAZN in the lawsuit he filed against promoter Oscar De La Hoya, Golden Boy and DAZN seeking more than $280M in damages, according to Dylan Hernandez of the L.A. TIMES. Alvarez in '18 received a "record-breaking offer" from Golden Boy and DAZN for an 11-fight deal for $365M, and the contract "stipulated Golden Boy would pay Alvarez" $15M to fight Rocky Fielding and $30M per fight thereafter. But Golden Boy "had a separate contract with DAZN, which agreed to pay it a $20-million licensing fee for every card" headlined by Alvarez. In his complaint, Alvarez said that he was "unaware that DAZN signed its deal with Golden Boy under the assumption the promotion company would deliver a fight between him and Gennady Golovkin." Alvarez' deal with Golden Boy "included no such stipulation." Alvarez in his court filing said that Golden Boy was "obligated to pay him an additional $25 million if he agreed to take on Golovkin" a third time. Not until he "showed an interest" in fighting Sergey Kovalev was Alvarez "made aware that DAZN was displeased with his choice of opponents." Alvarez said that he "didn't know DAZN had the right to reject his opponents based on the terms of its deal with Golden Boy." Hernandez wonders if the three-way partnership "falls apart ... what will come next" (L.A. TIMES, 9/10).
