In a stunning announcement, boxing promoter Eddie Hearn has revealed that a fight between Canelo Álvarez and Jake Paul is officially set for May 3rd at T-Mobile Arena in Las Vegas. The fight, which will take place at a catchweight of 200 pounds, is expected to be streamed live on Netflix.

During a recent interview, Hearn stated, “I’m hearing that the fight is done,” confirming that negotiations have been completed. This bout marks a significant turn in Canelo’s career, as the undisputed super middleweight champion steps into the ring against social media star-turned-boxer Jake Paul.

From Crawford to Paul: A Surprising Shift

Initially, reports suggested that Canelo Álvarez was in talks for a September showdown against Terence Crawford, a fight highly anticipated by boxing purists. However, negotiations fell through, leading Canelo to pivot toward a more lucrative matchup against Jake Paul.

Financial Impact and Audience Reach

The fight between Canelo and Paul is expected to generate massive financial returns, with projections indicating that Canelo could earn over $45 million—surpassing his previous earnings from his trilogy fight against Gennady Golovkin.

According to Hearn, the Canelo-Paul matchup is financially bigger than a fight against Crawford, despite the latter being more appealing from a boxing perspective. Given Jake Paul’s immense following and ability to attract mainstream attention, this fight is anticipated to be one of the most-watched boxing events of the year.

Awaiting Official Confirmation

As of now, neither Canelo Álvarez nor Jake Paul has officially commented on the fight. However, with Eddie Hearn’s confirmation, fans are eagerly awaiting an official announcement and further details on what could be one of the biggest crossover fights in boxing history.