Is Canelo Alvarez still with Golden Boy Promotions in 2024?
Is Canelo Alvarez still with Golden Boy Promotions in 2024?
By Jocelyn Alano May 13, 2024 10:19
Canelo Alvarez, the renowned professional boxer, has been the subject of much speculation and controversy regarding his association with Golden Boy Promotions in 2024.
The situation between Canelo, Golden Boy, and streaming service DAZN has been tumultuous, leading to significant legal and contractual disputes.
Background and Legal Disputes
The saga began in September when Alvarez filed a lawsuit in federal court, alleging a breach of contract on an 11-fight, $365 million deal signed in 2018.
This legal action stemmed from disagreements between Alvarez, Golden Boy, and DAZN regarding his next opponent and the salary for that fight.
Despite extended discussions, the proposed payment from DAZN fell short of Alvarez's contractual guarantee, leading to a deadlock.
Canelo's Free Agency
After protracted negotiations, representatives for Canelo Alvarez and Golden Boy Promotions finally reached an agreement to release the four-time champion from his contract. This move rendered Canelo a free agent, effective as of November.
His manager and trainer, Eddy Reynoso, confirmed the news, expressing readiness to return to the ring and hinting at a potential fight against IBF super middleweight titlist Caleb Plant.
Departure from Golden Boy Promotions
The departure of Canelo Alvarez from Golden Boy Promotions was officially confirmed in November following the settlement of his lawsuit for breach of contract against Golden Boy and DAZN.
The dissolution of Alvarez's contract with Golden Boy and the premature end of his deal with DAZN after just three fights marked a significant turn of events.
Golden Boy's Perspective
Oscar De La Hoya, the CEO of Golden Boy Promotions, expressed deep disappointment at Canelo's departure, stating that it "literally hurt my feelings."
De La Hoya attributed the breakdown of their relationship to external influences and the allure of more lucrative offers.
Despite the setback, he remained optimistic about Golden Boy's future, highlighting the potential of young fighters like Ryan Garcia, Vergil Ortiz, Joseph Diaz Jr., and Jamie Munguia.
Current Status and Future Prospects
As of 2024, Canelo Alvarez is a free agent, with indications pointing towards a potential return to Matchroom Boxing's Eddie Hearn for upcoming fights.
The separation from Premier Boxing Champions and the likelihood of aligning with Matchroom Boxing for future bouts underscore the fluidity of Alvarez's career trajectory.
The scenario suggests a fight on May 4 in Las Vegas and another in September, potentially against Edgar Berlanga and Jaime Munguia.
The year 2024 marks a significant turning point in Canelo Alvarez's career, as he navigates the complexities of his contractual obligations and explores new opportunities as a free agent
. The acrimonious departure from Golden Boy Promotions and the legal battles with DAZN have reshaped the landscape of professional boxing, setting the stage for an intriguing phase in Alvarez's career.
The evolving dynamics and the potential for high-profile fights under different promotional banners signal a new chapter in the storied career of one of boxing's most prominent figures.
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