In a stunning twist that’s sending shockwaves through the boxing and sports business world, Mexican superstar Canelo Alvarez has reportedly inked a jaw-dropping $400 million deal, officially making him the highest-paid boxer in history — surpassing none other than the self-proclaimed “Money” man himself, Floyd Mayweather.

According to insiders close to the negotiation, the mega-deal includes multiple fights, promotional rights, and a massive stake in international broadcasting revenues. The staggering figure eclipses Mayweather’s most famous payday: his $300+ million haul from the 2017 bout with Conor McGregor. And the news hasn’t exactly been sitting well with the undefeated champ.

Sources close to Mayweather suggest that the 50-0 legend was caught off guard and even “furious” upon hearing the news. One source revealed, “Floyd built his legacy on being the highest-paid, the smartest businessman in the ring. This deal threatens that image — and he knows it.”

The rumored deal is believed to be facilitated in part by Turki Alalshikh and the Saudi Arabian entertainment sector, which has been aggressively investing in combat sports to make the Kingdom a new hub for global sporting spectacles. Canelo’s next three fights are expected to take place under this agreement, with at least one being hosted in Riyadh.

Alvarez, 33, has now cemented his name not just in boxing history, but also in sports business history. From humble beginnings in Guadalajara to becoming a global brand, Canelo’s evolution from fighter to mogul is a blueprint for modern athletes. The $400M contract reportedly includes brand licensing, ownership shares in media content, and even executive producer credits in upcoming sports docuseries.

Meanwhile, Mayweather is said to be strategizing a response. “He’s already calling networks, planning an exhibition tour, even teasing a potential rematch with Pacquiao,” another source added. “This isn’t just about money. It’s about legacy, and Floyd can’t afford to be seen as second best — not in the ring, not in the bank.”

Canelo, for his part, remains cool under pressure. When asked about the historic deal, he simply said: “I’ve worked for everything I have. I respect Floyd, but this is a new era. I’m building something bigger.” He’s also recently expanded his tequila business, launched a gym franchise in Mexico and the U.S., and is rumored to be developing a Netflix biopic about his life.

The internet has exploded with memes, comparisons, and hot takes. One viral tweet joked: “Canelo just KO’d Floyd… with a pen.” Another read: “Mayweather fought for the money. Canelo just made history with it.”

Analysts suggest this moment marks a changing of the guard in the business of boxing. “Canelo’s deal represents a new model where athletes are more than prizefighters. They’re entrepreneurs, brands, and content creators,” said sports economist Dr. Rafael Mendez. “This could signal the rise of billion-dollar boxers by 2030.”

As fans await more details and an official press conference, one thing is clear: the landscape of boxing just changed forever. And while Floyd Mayweather may still be the king of defense inside the ropes, it looks like Canelo Alvarez just landed the most powerful punch — outside of it.

Stay tuned — this story is far from over.