Canelo Alvarez Won Two Major Fights In September And Only One of Them Was In The Ring

On September 15, 2018, Professional Boxer Saul “Canelo” Alvarez won a majority decision in his highly anticipated rematch against Gennady “GGG” Golovkin. Given the popularity of these two talented fighters, I am sure that we will watch the third installment of their rivalry take place at some point next year. However, most viewers of the match may not have realized that Alvarez was also going multiple rounds in another feud, but this time outside of the ring.
For the past several years Alvarez has found himself at the center of a lawsuit with his former promotion company All Star Boxing. All Star Boxing had represented Alvarez from 2008 to 2009 and provided the fighter with shoes, equipment, airfare, and even a visa to travel to the United States from Mexico. All Star and Alvarez entered into a four year contract for representation in 2008. However, Alvarez signed a new contract for representation with Golden Boy Promotions in 2010. Golden Boy Promotions, founded by Oscar de la Hoya, even provided Alvarez with a $1,000,000 signing bonus before making him a household name in the boxing world.
Not long after, All Star Boxing filed a lawsuit against both Golden Boy Promotions for tortious interference with a contract and Alvarez individually for unjust enrichment and breach of contract. All Star alleged that it had an agreement with Alvarez to be the boxer’s promotion company until 2012 and that Golden Boy improperly interfered with that contract by convincing Alvarez to sign with Golden Boy. The validity of the contract between Alvarez and All Star was hotly contested with Alvarez stating that he signed a contract under duress and trusted All Star to “fill in the blanks.” The litigation would last six years before a Miami court finally ruled that Golden Boy was cleared of any wrongdoing and that All Star Boxing had to pay Golden Boy’s attorney’s fees. In spite of that verdict, the jury also found that Alvarez was liable to All Star Boxing to the tune of $8.5 million. Alvarez promised to immediately appeal the decision and just last month the Third District Court of Appeals ruled that Alvarez would not have to pay the $8.5 million verdict to All Star.
During the trial, All Star provided evidence regarding how much Alvarez would earn if he were to fight twice a year, win every fight, never be injured, and never be disqualified for the remainder of his career. These assumptions are what led the jury to make its eventually verdict regarding the damages caused by Alvarez’s breach of the contract with All Star. The Third DCA opined that these assumptions were not enough evidence to justify a specific amount for damages and that the case should be remanded back to the Miami Court for a judge to determine the proper amount to be paid by Alvarez. Joel Perwin, Esq., the appellate attorney that represented Alvarez, was quoted as saying that he believes Alvarez will likely only have to pay approximately $50,000 to All Star as repayment for the equipment and other expenses provided to Alvarez during his time with the promotion company. Between this appellate opinion and the $5 million Alvarez was paid for his win over GGG (not accounting for his split of the PPV revenue), Canelo had himself a championship month.
The full Opinion from the Third District Court of Appeal can be viewed here.