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Saul ‘Canelo’ Alvarez

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Despite the disparaging remarks made by Oscar de la Hoya towards the Mexican champion, Saul ‘Canelo’ Alvarez, for signing a new contract with Turki Al-Sheikh, president of the General Entertainment Authority of Saudi Arabia, the decision is actually logical and represents a new financial achievement in the career of the fighter from Guadalajara, Mexico.

According to Mexican boxing analyst Carlos Aguilar, Canelo signed the most lucrative contract of his career on February 7, even though he has already earned a large amount of money.

The agreement signed with Riyadh Season, which was initially said to be for four fights, will be for five, in exchange for $400 million, according to El Zar:

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“It’s not going to be four, everything indicates that it’s going to be five fights and it’s going to be around 80 million dollars per fight for Saul ‘Canelo’ Alvarez. Four in Arabia, one in the United States,” he told Mexican broadcaster MVS Deportes.

With this figure, Canelo would have completed one of the most lucrative contracts in boxing history, although he is still far from the $650 million that Floyd Mayweather Jr. earned for his exhibition fights against Manny Pacquiao and Conor McGregor, the current mark in boxing.

However, ESPN’s Salvador Rodriguez estimated during the negotiations that the deal would be in excess of $400 million, although he did not reveal the final figure, as he explained that he only analyzed how the talks had taken place

What is a fact is that this new agreement with Canelo is superior to the $365 million he signed with DAZN in October 2018, which could not be completed because Canelo was unable to fight practically all of 2020 due to the pandemic and in the end he left the contract alleging breach of contract by the company

The first fight of this contract, signed between Canelo and Turki will take place on May 3 in Saudi Arabia; for the undisputed super middleweight title against William Scull.

After many months of talk, Terence Crawford‘s fight with Saul ‘Canelo‘ Alvarez has now been locked in.

This fight sees two pound-for-pound greats face off despite being in very different weight classes.

American switch-hitter ‘Bud’ is a former undisputed super-lightweight champion who also won all four belts at welterweight. All in all, he is, like Canelo, a four-division champion.

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In 2024 he made his debut at 154 pounds, still 14 pounds off Canelo’s fighting weight. The Mexican legend has won belts as high as light-heavyweight and is currently the unified super middleweight champion with a chance to become undisputed again when he faces William Scull in May.

Their fight has been made at 168lbs which gives ‘Canelo’ the natural advantage, not only as the bigger man but as he has been campaigning at the higher weights for several years and is long bedded into the division.

Speaking to Cigar Talk, Crawford has revealed that there are zero stipulations on the weight, including no rehydration clause on the day of the fight – something Canelo has used in the past.

“I’m really coming up three weight classes, in all reality. But we can say I’m moving up two weight classes, fighting arguably one of the best Mexicans ever.

“You know, and his weight, there are no rehydration clauses, no nothing, you’re just fighting him at his best. There are no stipulations in it, it’s mano-a-mano, I make weight on Friday we fight on Saturday. It’s simple.”

Manny Pacquaio is one man who has moved freely through the weights and won belts in multiple divisions and he recently warned the American ‘it’s not easy.’

Terence Crawford has landed the fight that means the most to his legacy, but he almost lost out on it to Jake Paul.

Crawford has been calling out Saul ‘Canelo’ Alvarez since his undisputed welterweight win against Errol Spence Jr in mid-2023, even despite the Mexican being three divisions higher at super-middleweight.

‘Bud’s pursuit ramped up after he closed the gap slightly by moving up to the 154 ranks to beat Israil Madrimov and become WBA Champion. Though Canelo had been dismissive of the match-up previously, he thawed and at the beginning of 2025 it was reported the two were negotiating through Riyadh Season’s Turki Alalshikh.

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Everything was looking positive until it was reported that Canelo, currently unified champion at 168, was deep in negotiations for a sideshow fight against controversial superstar Jake Paul. It was announced that the Crawford fight was off, with the assumption being Alalshikh was not a fan of the Paul bout taking any attention away from it.

Ultimately though, Canelo signed a four-fight deal with Riyadh Season, commencing with a fight against IBF Champion William Scull for a chance to become undisputed at super-middleweight again. All going well for the elite Mexican, the Crawford fight will follow in September.

Paul has since branded Alvarez a ‘duck,’ claiming he had already signed a contract. Though it was a busy time for boxing news, one man who wasn’t involved was Crawford, who told Cigar Talk he had been offline and didn’t believe the reports when he was informed.

“To be 100% honest, I didn’t know nothing about none of that stuff.

I didn’t see nothing until people started calling me. I was like, ‘huh? What’s going on?’ They was like, ‘man, they cancelled your fight.’ Ain’t nobody told me, ain’t nobody called me, ain’t nobody said nothing to me, so I can’t really say what they were talking about is true. I didn’t really feed into it.

I reached out to Turki and he said everything was Gucci, so I didn’t know what everybody else was talking about.”

Crawford will sit out until September, when he will likely get the chance to become a five-weight, three-time undisputed champion.

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