Canelo Sues DAZN, Golden Boy, De La Hoya

[Ruthless-RKO]

[ldlamb]

Since all sides could probably make a prima facie case that the other side wasn’t upholding the spirit of the agreement or at least that unforeseen events were making strict adherence impossible...this is probably the most equitable outcome.

[Jeff_lacy_ko]

Best outcome for all parties. Dazn should refocus on good cheaper fights (superfly) which should have been their strategy from the start

[Enlightened-One]

I really can't help thinking that Canelo wants to stop working with GBP and the main reason for his lawsuit was to become a promotional free-agent, rather than him having any significant issues with DAZN.

It seems that part of my prediction has come to fruition.

And in my mind, with DAZN having so many 160lb-ers and 168lb-ers in their stable, it seems logical for Canelo consider working with that streaming service again (in some capacity) in the future, even if it’s only on an individual bout basis.

So I feel I’ve successfully predicted the outcome of the lawsuit, since I conveyed the same prediction multiple times.

[Ruthless-RKO]

Does he want a badge?

[squiggy]

I really can't help thinking that Canelo wants to stop working with GBP and the main reason for his lawsuit was to become a promotional free-agent, rather than him having any significant issues with DAZN.

It seems that part of my prediction has come to fruition.

And in my mind, with DAZN having so many 160lb-ers and 168lb-ers in their stable, it seems logical for Canelo consider working with that streaming service again (in some capacity) in the future, even if it’s only on an individual bout basis.

So I feel I’ve successfully predicted the outcome of the lawsuit, since I conveyed the same prediction multiple times.

If not for lockdown you could take this autofellatio act on the road.

[Ruthless-RKO]

Golden Boy Promotions Confirms Split With Canelo, Will Move Forward With DAZN Partnership

The team at Golden Boy Promotions has already prepared for life without its biggest client.

In a bombshell announcement, pound-for-pound and box office king Saul ‘Canelo’ Alvarez revealed that he will move forward with the rest of his career without the services of Golden Boy Promotions, his longtime promoter. Eddy Reynoso, Alvarez’s head trainer has assumed full control of his career and alerted the boxing world of the news.

The move seemingly puts to an end a massive lawsuit filed by Alvarez against his estranged promoter, Oscar de la Hoya specifically, along with DAZN-USA and accompanying partners. Guadalajara’s Alvarez (53-1-2, 36KOs) filed a complaint against all parties, seeking damages in excess of $280 million—the remainder of an 11-fight, $365 million contract inked in October 2018 for the superstar boxer to take his services to the upstart sports streaming service.

While the case remains active on the public docket, all parties now insist that they are free to head in a different direction.

“The lawsuit was resolved to everyone’s satisfaction, and we wish Canelo the best going forward,” Oscar de la Hoya, founder and chairman of Golden Boy Promotions told BS.com in a prepared statement.

One last attempt for all sides to move forward came in the final meeting between all parties.

According to multiple sources with intimate knowledge of such talks, a soft date of December 19 was set aside for Alvarez to face either of England's two unbeaten super middleweight titlists Callum Smith or Billy Joe Saunders. With it came an offer of a guaranteed payday just north of $20 million plus a percentage of subscriptions generated from the one-off event.

Sources informed BS.com that Alvarez and his team instead demanded to be paid the contractually-specified $35 million, leaving the parties at a standstill.

As for Golden Boy, the next step is to continue to work with DAZN, a relationship which seems to remain intact.

In addition to Alvarez, Golden Boy brought over its entire stable of more than 80 boxers to DAZN in a separate five-year deal. The exact terms without the benefit of delivering Alvarez remain murky as this goes to publish, although multiple sources have informed BS.com that talks are underway for the two sides to ensure that they continue to do business together whether in present form (sans Alvarez) or under a restructured pact.

Sports Illustrated's Chris Mannix was the first to report such talks between Golden Boy and DAZN.

“In strong partnership with DAZN, we will continue showcasing our wide array of talent, including rising superstars like Ryan Garcia, Jaime Munguia and Vergil Ortiz Jr., all of whom have the talent and potential to become the next biggest star in our sport,” notes de la Hoya.

Golden Boy has presented two shows since the pandemic, the most recent of which came on October 30 with Munguia scoring a 6th round stoppage of Tureano Johnson.

The next show in the partnership will come December 5, with Ryan Garcia (20-0, 17KOs) and England’s Luke Campbell (20-3, 17KOs) colliding in a 12-round interim lightweight title fight. The event will help kick off the long-delayed but now official global launch for DAZN in more than 200 markets beginning December 1.

Meanwhile, industry rumors suggest Alvarez is eyeing a December 19 ring return, with unbeaten titlist Caleb Plant as the targeted foe according to ESPN Deportes. Such talks would conflict with other discussed plans in place for the potential parties involved in such an event.

Whichever direction Alvarez next heads, it will be on his own terms. No such clause exists which would allow DAZN and Golden Boy to simply match his best offer in order to retain his services on its platform, as Alvarez is a true network and promotional free agent at this point.

[Ruthless-RKO]

Canelo Alvarez expected to adopt Floyd Mayweather Pay Per View model

Canelo Alvarez looks set to use the model deployed by Floyd Mayweather at the end of his career to make even more money than the $365 million he negotiated with DAZN.

The pound for pound king has rallied to break free from a contract that was worth $36.5m per fight. The Mexican obviously believes he can make even more money than the mega-bucks on offer.

What is completely evident, though, is that Canelo needs to be back on Pay Per View.

Showtime, ESPN, and PBC on FOX are all expected to compete for Canelo’s lucrative signature, who certainly wasn’t completely happy with his old place on a streaming service.

Should Canelo take the PPV plunge once again, it will only be on his terms. Signing with Al Haymon, Top Rank, or perhaps Floyd Mayweather or Manny Pacquiao’s promotional companies seems out of the question.

Canelo is set to go it alone. Adopting the Floyd Mayweather way of doing things.

At the tail end of his pro stint, Mayweather signed a six-fight, three-year deal with Showtime that was highly successful. Something similar is what Canelo will be aiming to announce in the coming days.

Taking it event-by-event is also an option, but any of the PPV platforms will want Canelo tied down exclusively for more than just one fight.

[Perseus]

Golden Boy Promotions Confirms Split With Canelo, Will Move Forward With DAZN Partnership

The team at Golden Boy Promotions has already prepared for life without its biggest client.

In a bombshell announcement, pound-for-pound and box office king Saul ‘Canelo’ Alvarez revealed that he will move forward with the rest of his career without the services of Golden Boy Promotions, his longtime promoter. Eddy Reynoso, Alvarez’s head trainer has assumed full control of his career and alerted the boxing world of the news.

The move seemingly puts to an end a massive lawsuit filed by Alvarez against his estranged promoter, Oscar de la Hoya specifically, along with DAZN-USA and accompanying partners. Guadalajara’s Alvarez (53-1-2, 36KOs) filed a complaint against all parties, seeking damages in excess of $280 million—the remainder of an 11-fight, $365 million contract inked in October 2018 for the superstar boxer to take his services to the upstart sports streaming service.

While the case remains active on the public docket, all parties now insist that they are free to head in a different direction.

“The lawsuit was resolved to everyone’s satisfaction, and we wish Canelo the best going forward,” Oscar de la Hoya, founder and chairman of Golden Boy Promotions told BS.com in a prepared statement.

One last attempt for all sides to move forward came in the final meeting between all parties.

According to multiple sources with intimate knowledge of such talks, a soft date of December 19 was set aside for Alvarez to face either of England's two unbeaten super middleweight titlists Callum Smith or Billy Joe Saunders. With it came an offer of a guaranteed payday just north of $20 million plus a percentage of subscriptions generated from the one-off event.

Sources informed BS.com that Alvarez and his team instead demanded to be paid the contractually-specified $35 million, leaving the parties at a standstill.

As for Golden Boy, the next step is to continue to work with DAZN, a relationship which seems to remain intact.

In addition to Alvarez, Golden Boy brought over its entire stable of more than 80 boxers to DAZN in a separate five-year deal. The exact terms without the benefit of delivering Alvarez remain murky as this goes to publish, although multiple sources have informed BS.com that talks are underway for the two sides to ensure that they continue to do business together whether in present form (sans Alvarez) or under a restructured pact.

Sports Illustrated's Chris Mannix was the first to report such talks between Golden Boy and DAZN.

“In strong partnership with DAZN, we will continue showcasing our wide array of talent, including rising superstars like Ryan Garcia, Jaime Munguia and Vergil Ortiz Jr., all of whom have the talent and potential to become the next biggest star in our sport,” notes de la Hoya.

Golden Boy has presented two shows since the pandemic, the most recent of which came on October 30 with Munguia scoring a 6th round stoppage of Tureano Johnson.

The next show in the partnership will come December 5, with Ryan Garcia (20-0, 17KOs) and England’s Luke Campbell (20-3, 17KOs) colliding in a 12-round interim lightweight title fight. The event will help kick off the long-delayed but now official global launch for DAZN in more than 200 markets beginning December 1.

Meanwhile, industry rumors suggest Alvarez is eyeing a December 19 ring return, with unbeaten titlist Caleb Plant as the targeted foe according to ESPN Deportes. Such talks would conflict with other discussed plans in place for the potential parties involved in such an event.

Whichever direction Alvarez next heads, it will be on his own terms. No such clause exists which would allow DAZN and Golden Boy to simply match his best offer in order to retain his services on its platform, as Alvarez is a true network and promotional free agent at this point.

The article says their is no clause that allows DAZN to just match his best offer to keep Canelo on their platform.
It's obvious that DAZN wanted to retain Canelo but at a much cheaper price.

What if the purse for the rumored bout with Plant is significantly less than what DAZN would have had to pay Canelo previously??
Could DAZN then extend an offer that is a few million higher than any other offer but still much cheaper than his previous contract?

Canelo will accept the highest bid.
imo it will be hilarious if the highest bid still comes from DAZN.
He didn't want to take a pay cut from DAZN but it's possible a reduced purse from DAZN may still be the best offer.
After all this drama he could still end up fighting on DAZN.

[Enlightened-One]

Golden Boy Promotions Confirms Split With Canelo, Will Move Forward With DAZN Partnership

The team at Golden Boy Promotions has already prepared for life without its biggest client.

In a bombshell announcement, pound-for-pound and box office king Saul ‘Canelo’ Alvarez revealed that he will move forward with the rest of his career without the services of Golden Boy Promotions, his longtime promoter. Eddy Reynoso, Alvarez’s head trainer has assumed full control of his career and alerted the boxing world of the news.

The move seemingly puts to an end a massive lawsuit filed by Alvarez against his estranged promoter, Oscar de la Hoya specifically, along with DAZN-USA and accompanying partners. Guadalajara’s Alvarez (53-1-2, 36KOs) filed a complaint against all parties, seeking damages in excess of $280 million—the remainder of an 11-fight, $365 million contract inked in October 2018 for the superstar boxer to take his services to the upstart sports streaming service.

While the case remains active on the public docket, all parties now insist that they are free to head in a different direction.

“The lawsuit was resolved to everyone’s satisfaction, and we wish Canelo the best going forward,” Oscar de la Hoya, founder and chairman of Golden Boy Promotions told BS.com in a prepared statement.

One last attempt for all sides to move forward came in the final meeting between all parties.

According to multiple sources with intimate knowledge of such talks, a soft date of December 19 was set aside for Alvarez to face either of England's two unbeaten super middleweight titlists Callum Smith or Billy Joe Saunders. With it came an offer of a guaranteed payday just north of $20 million plus a percentage of subscriptions generated from the one-off event.

Sources informed BS.com that Alvarez and his team instead demanded to be paid the contractually-specified $35 million, leaving the parties at a standstill.

As for Golden Boy, the next step is to continue to work with DAZN, a relationship which seems to remain intact.

In addition to Alvarez, Golden Boy brought over its entire stable of more than 80 boxers to DAZN in a separate five-year deal. The exact terms without the benefit of delivering Alvarez remain murky as this goes to publish, although multiple sources have informed BS.com that talks are underway for the two sides to ensure that they continue to do business together whether in present form (sans Alvarez) or under a restructured pact.

Sports Illustrated's Chris Mannix was the first to report such talks between Golden Boy and DAZN.

“In strong partnership with DAZN, we will continue showcasing our wide array of talent, including rising superstars like Ryan Garcia, Jaime Munguia and Vergil Ortiz Jr., all of whom have the talent and potential to become the next biggest star in our sport,” notes de la Hoya.

Golden Boy has presented two shows since the pandemic, the most recent of which came on October 30 with Munguia scoring a 6th round stoppage of Tureano Johnson.

The next show in the partnership will come December 5, with Ryan Garcia (20-0, 17KOs) and England’s Luke Campbell (20-3, 17KOs) colliding in a 12-round interim lightweight title fight. The event will help kick off the long-delayed but now official global launch for DAZN in more than 200 markets beginning December 1.

Meanwhile, industry rumors suggest Alvarez is eyeing a December 19 ring return, with unbeaten titlist Caleb Plant as the targeted foe according to ESPN Deportes. Such talks would conflict with other discussed plans in place for the potential parties involved in such an event.

Whichever direction Alvarez next heads, it will be on his own terms. No such clause exists which would allow DAZN and Golden Boy to simply match his best offer in order to retain his services on its platform, as Alvarez is a true network and promotional free agent at this point.

The article says their is no clause that allows DAZN to just match his best offer to keep Canelo on their platform.
It's obvious that DAZN wanted to retain Canelo but at a much cheaper price.

What if the purse for the rumored bout with Plant is significantly less than what DAZN would have had to pay Canelo previously??
Could DAZN then extend an offer that is a few million higher than any other offer but still much cheaper than his previous contract?

Canelo will accept the highest bid.
imo it will be hilarious if the highest bid still comes from DAZN.
After all this drama he could still end up fighting on DAZN.

If Canelo is self-promoted, then his purse as a fighter will supplemented with the profits he generated by promoting the event.

You have to assume GBP didn’t previously work with Canelo for philanthropic purposes.

Canelo essentially was GBP, if you review the lawsuit notes from the Al Hamon lawsuit, because his events generated nearly all their revenue.

[bobcatbox]

This should tell you all that Canelo’s lawsuit had tremendous merit. Glad it’s worked out for him. Now it’s time to make a fight happen!

[Ruthless-RKO]

Boxing insider: Canelo-DAZN settlement is a win-win

Yesterday, saul "Canelo" Alvarez's manager, Eddy Reynoso, declared the Mexican superstar to be a boxing free agent. The statement, which by all indications is truthful, means that the multi-division champion is free from his contractual obligations to promoter Golden Boy Promotions, Oscar De La Hoya and broadcast platform DAZN. For the past two months, Alvarez has been litigating a $280 million lawsuit against those entities. On the surface, it seems like a win for Canelo and a loss for DAZN but boxing insider Rick Glaser has a very insightful take on the reported settlement.

Glaser wrote: "The Canelo free agent deal is a win-win situation for Canelo, Oscar, and DAZN. First off, Canelo is free to go on his merry way and fight whoever, get active again, after being out of action since November 2, 2019, and he will get to maintain his free agency status. And Canelo looks like he will be fighting IBF 168-pound champion Caleb Plant next on a 'one off deal' with [Al Haymon's ] Premier Boxing Champions. DAZN was losing a lot of money from every Canelo fight, so they can stop the financial bloodbath now. And Oscar, he gets a cash settlement from Canelo, and not only does he get his dates [to promote boxing shows] from DAZN for his other fighters, Golden Boy Promotions now gets more dates, and more money per date for growing Stars like Ryan Garcia, Vergil Ortiz and the other champions that Golden Boy currently promotes. All told, this was the best possible outcome for all three parties once Canelo sued Oscar, Golden Boy Promotions, and DAZN. This definitely was "Making Lemonade out of Lemons" for all concerned parties. A settlement with no losers. And that is very rare, especially in a boxing related lawsuit. Now, the question is 'How does this effect boxing enthusiasts?' Well, it's a win-win situation for the fans too!!! Here's why-- now Canelo will be forced to upgrade the level of competition, not just be guaranteed a lot of money for easier fights. With Golden Boy getting more dates, we will get more opportunities to see Garcia, Ortiz, and Oscar's sother boxers, and now in even bigger fights. As for DAZN, if you're paying for a subscription, you'll get more nights of boxing action, and now there's a much better chance that boxing at DAZN becomes more financially feasible for DAZN, resulting in DAZN staying in the the boxing programming business. The only bad part, Canelo's fights will now be 90 dollar pay-per-views, no matter who he fights. That is the only drawback."

*NOTE: Boxingtalk has not independently verified the accuracy of Glaser's statements regarding the terms of the settlement, but Glaser has access to numerous sources in the boxing business and is generally reliable and accurate.

[Thomastearns]

"The only bad part, Canelo's fights will now be 90 dollar pay-per-views, no matter who he fights. That is the only drawback."



You don't say, $90??

Seriously?

In these times?

There must be one hell of a serious disconnect between Canelo and his fans.

Tell you what Saul, why not make it $190? You're worth it.

[Ruthless-RKO]

"The only bad part, Canelo's fights will now be 90 dollar pay-per-views, no matter who he fights. That is the only drawback."



You don't say, $90??

Seriously?

In these times?

There must be one hell of a serious disconnect between Canelo and his fans.

Tell you what Saul, why not make it $190? You're worth it.

Isn’t it around $70-$80?

Not that it’s any better..

It’s the really elite fights that will be $100.

[Thomastearns]

"The only bad part, Canelo's fights will now be 90 dollar pay-per-views, no matter who he fights. That is the only drawback."



You don't say, $90??

Seriously?

In these times?

There must be one hell of a serious disconnect between Canelo and his fans.

Tell you what Saul, why not make it $190? You're worth it.

Isn’t it around $70-$80?

Not that it’s any better..

It’s the really elite fights that will be $100.

If it comes to staying up crazy late to watch a Canelo Vegas sh**show then $70-80 is probably what I'd need to be paid for my time.

Frankly even watching the YouTube reruns of a Canelo fix, I mean fight, days later, is a real chore.

Who in their right mind would pay $70-80 dollars to watch that thief?

Even in the Tyson era it was better to go and play some snooker at some club and grab a beer. The Holyfield - Foreman clash had a great atmosphere down there.

Mostly for big George, and a close thing too it was.

No idea how I got home 6am in the morning.

[Ruthless-RKO]

Canelo: The Goal Was To Be a Free Agent, Not The Money

This past Friday, the boxing world was set on fire when it was officially confirmed that Mexican superstar Saul "Canelo" Alvarez had become a free agent.

In 2018, Canelo had signed an exclusive deal with streaming service DAZN. The deal was worth $365 million, for 11 fights over a five year period.

Canelo had three fights with DAZN, against Rocky Fielding, Daniel Jacobs and Sergey Kovalev.

The fight against Kovalev, which was Canelo's last appearance in the ring, took place in November of 2019.

He was scheduled to fight again in May, with the event being canceled due to the coronavirus pandemic.

As the two sides argued over the financial details for his next fight, Canelo became very frustrated and filed a lawsuit against DAZN and promoter Golden Boy Promotions. Canelo claimed breach of contract among other items.

On Friday, it was revealed by both sides that Canelo was released from his agreements with DAZN and Golden Boy.

Now Canelo is a complete free agent with no network or promotional ties.

He wants to fight before the end of the year - and December 19 has been mentioned as a possible date.

"I can't talk about a lot of the details [with the lawsuit], but what worried me the most was the delay between fights. What I want is to fight, to continue making history. I had to do all of this [with the lawsuit] and I hope that the boxers who come after me will realize that our rights as fighters have to be respected," Canelo told TV Azteca.

"For me, the important thing was that I was a free agent and not the money. This is one of the most important periods of my career. Eddy Reynoso and I will be the co-promoters of my fights. What I want is to make good fights, which is what people want to see.

"There are great possibilities that I will fight before the end of 2020, I am eager and enthusiastic to do a fight. On December 19? It matters to fight before Christmas. I'm looking forward to trying new scenarios. The best stage of my career is coming."

[Enlightened-One]

Shall we assume there’ll be no Canelo-GGG III?

And if not, will DAZN honour the terms of their $100m deal with Golovkin?

You have to assume that DAZN won't consider Steve Rolls or Kamil Szeremeta as "premium" opponents. And GGG still has four fights remaining in his deal with DAZN.

[Cent0089]

De la Hoya tried to sell us this year trash like Jason Quigley and Avni Yildrim. Few days after Canelo is free agent there are talks with Caleb Plant. Not bad

[Enlightened-One]

The RING’s Doug Fischer believes that one of the benefits of Canelo becoming a free agent, with DAZN no longer burdened with contractual obligations worth $365m, is that they’ll now have more money to improve the quality of their fights.

So he suggests that DAZN may be able to fund marquee bouts, such as: Chocolatito-Estrada II, Golovkin-Andrade, Golovkin-Smith or Saunders (at 168), Jacobs vs. Smith or Saunders (at 168), Golovkin vs. Munguia etc.

He could be right, who knows?

[Cent0089]

The RING’s Doug Fischer believes that one of the benefits of Canelo becoming a free agent, with DAZN no longer burdened with contractual obligations worth $365m, is that they’ll now have more money to improve the quality of their fights.

So he suggests that DAZN may be able to fund marquee bouts, such as: Chocolatito-Estrada II, Golovkin-Andrade, Golovkin-Smith or Saunders (at 168), Jacobs vs. Smith or Saunders (at 168), Golovkin vs. Munguia etc.

He could be right, who knows?

Good point