Canelo Álvarez will have insane payday vs. Terence Crawford for Netflix fight

A staggering number had been reported for the Canelo Álvarez vs. Terence Crawford Netflix fight, and that amount was pretty much confirmed tonight.
May 7, 2022; Las Vegas, Nevada, USA; Canelo Alvarez enters the arena to face Dimitry Bivol in their light heavyweight championship bout at T-Mobile Arena.
May 7, 2022; Las Vegas, Nevada, USA; Canelo Alvarez enters the arena to face Dimitry Bivol in their light heavyweight championship bout at T-Mobile Arena. | Joe Camporeale-Imagn Images

It's sort of cliche to say Canelo Álvarez will win Saturday night, no matter what. But in this case, the 35-year-old Mexican boxing legend certainly will earn that tired saying with the now seemingly confirmed ridiculous payday.

As Netflix turns from the car-crash smash hit of the Jake Paul vs. Mike Tyson bout, which was more WWE showmanship than actual boxing, to a legitimate boxing pound-for-pound great fight between Álvarez and 37-year-old Terence Crawford, the streaming giant paid Álvarez a staggering sum.

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Canelo Alvarez
Sep 17, 2022; Las Vegas, Nevada, USA; Canelo Alvarez (red trunks) and Gennadiy Golovkin (white trunks) box during their super middleweight championship boxing bout at T-Mobile Arena. | Joe Camporeale-Imagn Images

At first it seemed ludicrous, but the Saudi Arabian Public Investment Fund juggernaut frontman, "His Excellency" Turki Alalshikh, confirmed that ballpark number tonight.

$150 million had been the number many thought was ludicrous

Canelo Alvarez, Terence Crawford
Sept. 11, 2025, Las Vegas, Nevada; Canelo Alvarez vs. Terence Crawford introductory press conference and "face off." | IMAGO / Hoganphotos

Coming off of Álvarez's boring win against William Scull by unanimous decision, the 10-time major world title holder is on his second fight as part of a three-bout deal with the Chairman of Saudi Arabia’s General Entertainment Authority.

UFC CEO Dana White is promoting this blockbuster vs. Crawford alongside Alalshikh for Zuffa Boxing, which means the 56-year-old mastermind got paid bank too - but probably not Álvarez Brink's trucks loads.

When asked if it was $100 million, White said, given Álvarez had to move weight classes with his stellar record, the answer was, "probably."

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Alalshikh seems to hint that $150 million number is legit

Canelo Alvarez
Canelo Alvarez has a lot of fancy belts! | IMAGO / Hoganphotos

But then Alalshikh took that number even higher when asked directly about the $100 million number at tonight's Álvarez vs. Crawford face-off.

"No you get that number wrong," Alalshikh said. "More than that."

So then $150 million is certainly "more than that," and given the amount of money Netflix has been known to throw around to get what they want, that preposterous number actually sounds not so ludicrous.

So what about Crawford's payday?

Terence Crawford
Apr 20, 2019; New York, NY, USA; Terence Crawford looks on after winning his fight against Amir Khan during the WBO welterweight title fight at Madison Square Garden. | Sarah Stier-Imagn Images

Crawford insists he's only getting paid $10 million, which seems downright unfair given Alvarez's at minimum $100 million take-home payday.

"I got $10 million for that [Canelo] fight," Crawford said on the "Ring Champs with Ak & Barak" podcast. "I'm doing it for the opportunity, baby, the legacy. The legacy outweighs the money."

Other reports have it up to $50 million. Whichever purse you believe, let's hope it's closer to that $50 million number for the equal 10-time major world titles holder.

Canelo Alvarez
Sep 17, 2022; Las Vegas, Nevada, USA; Canelo Alvarez (red trunks) and Gennadiy Golovkin (white trunks) box during a super middleweight championship bout at T-Mobile Arena. | Joe Camporeale-Imagn Images

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Matthew Graham
MATTHEW GRAHAM

Matthew Graham has over 20 years of media experience and oversees The Athlete Lifestyle On SI. He has had previous leadership roles at NBC Sports, Yahoo, and USA TODAY, where he co-founded For The Win (named Best Mobile Site by Digiday). He has also written for ESPN, Cosmopolitan, US Weekly, People, E! Online, and FHM, covering major sports and entertainment events like the Oscars, the Golden Globes, NBA Finals, Super Bowl, and winning the Yahoo Superstar Award for coverage of the Olympics.