Canelo Alvarez and Julio Cesar Chavez Jr. have laid it all on the line for May 6 when the Mexican duo lock horns in Las Vegas.
The middleweight/super-middleweight catchweight bout, which already has the boxing world talking, is now set to be a winner take all affair.
Appearing on Univision and talking in Spanish, Canelo and Chavez Jr. shook hands on a deal that will see the victor take home a hefty paycheck upwards of $25 million.
Golden Boy have been promoting the fight all week with a whistle-stop press tour, although CEO Oscar De La Hoya wouldn’t have been banking on this kind of agreement becoming a reality.
The look on De La Hoya’s face when the two stars proposed the bet was priceless as Canelo and Chavez prepare for one of them to leave the ring with nothing.
— Oscar De La Hoya (@OscarDeLaHoya) February 22, 2017
Two-division world champion Canelo Álvarez (48-1-1, 34 KOs) and former WBC World Middleweight Champion Julio César Chávez, Jr. (50-2-1, 32 KOs) will host a press conference in Houston on Tuesday, February 23rd at Minute Maid Park, ahead of their anticipated clash on Cinco De Mayo weekend, Saturday, May 6 at the T-Mobile Arena in Las Vegas.
Canelo vs. Chávez, Jr. is a 12-round fight presented by Golden Boy Promotions and sponsored by Tecate, BORN BOLD, Adriana’s Insurance and Interjet. The event will take place on Saturday, May 6 at T-Mobile Arena and will be produced and distributed live by HBO Pay-Per-View® beginning at 9:00 p.m. ET/6:00 p.m. PT.
Tickets priced at $1,500, $1,250, $1000, $800, $600, $400, $300, $200, $125 and $75, not including applicable service charges and taxes, with a total ticket limit of 12 per person (a limit of 10 per person at the $1,500, $1,250, $1000, $800, $600, $400 price levels and a limit of two  per person at the $125 and $75 price level), are on sale now. To charge by phone with a major credit card, call 888-9-AXS-TIX (888-929-7849). Tickets also will be available for purchase at www.t-mobilearena.com or www.axs.com.