Not only did Saul "Canelo" Alvarez get a much-needed win against Alfredo Angulo on Saturday night at the MGM Grand Garden Arena in Las Vegas, but he also added a couple of more million to his back account.
Canelo recorded a 10th-round TKO against Angulo after hitting him with a massive uppercut. The referee's decision seemingly came from out of nowhere, but Yahoo! Sports' Kevin Iole felt that it only sped up the inevitable:
In terms of a response from his loss against Floyd Mayweather in September 2013, you couldn't have asked much more of the winner. He dominated much of the fight, and Angulo's offense seemed to come from Canelo almost willfully letting it happen.
All you needed to do was look at each of the fighters, and you would've seen who won.
Now, all that's left for Canelo is to sit back and count his money.
The 23-year-old earned at least $1.25 million on Saturday night, according to ESPN.com's Dan Rafael. For his part, Angulo takes home a minimum of $850,000, which was increased by $100,000 after Canelo failed to make the 154-pound weight limit on Friday.
Richard Schaefer, Golden Boy Promotions chief executive officer, said:
Both guys agreed to change the weight to 155. And the parties agreed to the 168 limit (on Saturday) and Angulo got extra money. If it would have been a title fight I think Canelo would have made 154. But it's not and everybody is happy with the arrangement that was made.
Alvarez is also in line to cash in on fight revenue. Rafael reported that an 80/20 split in favor of Canelo was agreed to between the fighters:
Of course, this fight was nowhere near as profitable for Alvarez as his defeat to Mayweather was. Rafael estimated that his take was at least $10 million for that one. That's quite the return for Canelo, but his popularity coupled with Mayweather's meant that that bout was bound to be a serious money-maker for both fighters.
This victory was big for Canelo for two reasons.
The first is that he needed to get back in the win column. With the way in which Mayweather won the fight, some wondered if Alvarez was all he had been hyped up to be. Was he somebody propped up by wins over inferior opponents and then exposed by Mayweather, or was it simply Mayweather's greatness shining through?
Beating Angulo was a necessity in order for Alvarez to earn back his credibility.
What's also important for him regarding this fight is the pay-per-view numbers, which won't be known for at least a few days.
Kurt Badenhausen of Forbes.com speculated that this fight was a good test of Canelo's PPV viability. Critics were of the opinion that this bout should've been on Showtime, rather than Showtime's PPV channel.
According to Badenhausen, if the fight reaches 300,000 PPV buys, Alvarez gets $6 million, and if it gets to 400,000 buys, the payout increases to $8 million.
The more buys on Saturday night, the more money for Alvarez, and the more that he proves he can be a box-office star in the sport. As Mayweather and Manny Pacquiao enter the twilight of their respective careers, boxing is looking for that next huge marketable star.
Maybe Saul Alvarez is that guy.
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