Canelo Alvarez, DAZN meet with mediator; new deal offered: report
Canelo Alvarez, Golden Boy Promotions and DAZN might find common ground after all.
The Athletic is reporting that representatives for the three parties – including lawyers – met with a mediator for 10 hours on Tuesday, which was described as calm.
DAZN reportedly offered Alvarez a restructured deal by which the fighter would earn a base of $20 million plus a percentage of money generated by additional DAZN subscriptions.
Alvarez had been guaranteed $35 million per fight, as per his original contract.
The new offer also addresses the issue of opponent approval, which reportedly would be shared under the restructured deal.
DAZN reportedly had refused to pay him his full guarantee unless he fought what the streaming serviced deemed a premium opponent. That included Gennadiy Golovkin but not super middleweight titleholders Billy Joe Saunders or Callum Smith, who are top-level fighters but not the type of draws DAZN seeks.
Alvarez is mulling the offer, according to The Athletic.
The Mexican star, who hasn’t fought since November, sued Golden Boy and DAZN for at least $280 million for breach of contract but the suit was dismissed over a technicality. He could refile – he has a Monday deadline, The Athletic reported – or come to terms with his handlers.