Canelo Wins Appeal, Won't Pay $8.5 Million To All Star Boxing

Former two division world champion Saul "Canelo" Alvarez is a few days away from the biggest fight of his pro career - and he's already secured a big victory in his favor.

A Miami appeals court has ruled that Canelo will not have to pay an $8.5 million jury award to All Star Boxing, who promoted the boxer for 15 months. Canelo will still have to pay some type of damages, but it's believed to be much smaller than the initial number.

According to the Miami Herald, the Third District Court of Appeal ruled that the $8.5 million amount decided on by the jury was based on “speculation.” The case now goes back to the initial trial judge to figure out a new amount.

canelo-alvarez (9)_20

All Star Boxing, which is run by Tutico Zabala of Florida, promoted Canelo when he was about 18 years old and just starting out, from September 2008 to December 2009.

During that time, the company landed him nine fights, paid for all of his expenses and got him TV time.  

They claim Canelo violated their promotional agreement, to sign a multi-year deal with Golden Boy Promotions. All Star sued Canelo and Golden Boy.

Canelo has long claimed that he never had a signed contract with All Star.

“This was a unanimous decision from the appeals court, and also pretty much of a knockout,” said Joel Perwin, one of the lawyers representing Canelo, to the paper.

Perwin believes Canelo will likely only have to pay back about $50,000 for the shoes, airfare and other out-of-pocket expenses documented by All Star.

In 2016, a Miami-Dade civil jury removed Golden Boy from any liability, but they ordered Canelo to pay $8.5 million in punitive damages.

The appeals court ruled that All Star did not present evidence that would justify a specific amount for damages. Instead, jurors relied on assumptions about how much Canelo might earn were he to fight twice a year.

User Comments and Feedback (Register For Free To Comment) Comment by greeneye99 on 09-13-2018

[QUOTE=GBP4LIFE;19095827]Hahahahaha cold world.. trying to live off another mans hard work.. Canelo leaving HBO after Saturday as well.. the wins will keep coming..![/QUOTE] Contract is up How is Canelo leaving HBO a win? It was a successful partnership

Comment by Mr. EBT 97K on 09-13-2018

I love it. Thank you, Lord Jesus. Please protect The King from the steroid taking Russian Cheat. Let’s go, King Canelo!

Comment by GBP4LIFE on 09-13-2018

Hahahahaha cold world.. trying to live off another mans hard work.. Canelo leaving HBO after Saturday as well.. the wins will keep coming..!

Comment by THEFRESHBRAWLER on 09-13-2018

This is no win you were just wrong on your first article about the 8.5 million. Nice headline though.

Comment by Shadoww702 on 09-13-2018

[QUOTE=markther;19095390]DRAGON PHARMACEUTICAL’S stock just went up with 8.5 million worth of shares. [IMG][/IMG][/QUOTE] Damn Canelo hit the Trifecta!!! He won his appeals. His stocks in Clen just skyrocketed. Now all he needs to do I beat GGG. FUK he can…

Post a Comment - View More User Comments (16)
Top Headlines Lemieux on Canelo: I'll Be The Underdog, I Can Surprise Everyone Photos: Victor Ortiz, John Molina Come Together For Media Day Amir Khan: People Think I Can't Take a Shot Jhonny Gonzalez vs. Tomas Rojas on October 6, Mexico City Trey Lippe-Morrison Back in Training With Roach at Wild Card Joe Noynay Breaks Foe To Retain, Toyogon Vaporizes Bolcio Photos: Yuriorkis Gamboa, Miguel Beltran - Go Face To Face Alimkhanuly, Ualikhanov Set To Make Top Rank Debuts Joe Cortez Joins Devin Haney Promotions Magsayo, Brian Norman, Mendoza, Brandun Lee Back on 10/6 Lomachenko-Pedraza Shifts To MSG on 12/8, New Plans For 12/1 Gamboa: Me and Juanma Felt Marlins Park Was Perfect For Event HBO's Lampley: Overwhelming Majority Saw Golovkin Win, Twice Photos: Price vs. Kuzmin, Campbell vs. Mendy - Face To Face Charr Shocked as Positive Drug Tests Cancel Oquendo Fight Photos: Joshua, Povetkin - Face To Face at Final Press Conference O'Shaquie Foster Motivated To Shock Jon Fernandez on ShoBox Joshua Prepared For 'Good Scrap;' Hopes to Stop Povetkin in 8th Ryan Garcia Believes Tyson Fury Will Upset Deontay Wilder Bob Arum: HBO and Showtime Don't Belong In Boxing Anymore Whyte: I'll Get In Joshua's Head, Knock Him Out In Our Rematch Hearn: If Fury is KO'd By Wilder, The Joshua Fight Never Happens James Tennyson Aims To Dominate, Pressure Tevin Farmer Hearn Warns Team Wilder: Hurry Up, You Haven't Got Long Golovkin Opponents Split on Canelo Rematch Outcome Ngabu vs. Merhy in Play For EBU Strap After Jur KO Loss Joshua vs. Povetkin: The Joys of Disappointment Abel Sanchez Not Surprised Canelo Withstood Golovkin's Power Mikey Garcia: My Main Target, Focus and No. 1 Goal is Spence! Adonis Stevenson vs. Oleksandr Gvozdyk Card Coming Together Pacquiao Says No Tune-Up Needed, Mayweather May Have One Miguel Roman: Miguel Berchelt Will Not Withstand My Pace Yuriorkis Gamboa, Juan Manuel Lopez Doubleheader on 11/10 Sergio Martinez Discusses Unbeaten Prospect Jon Fernandez Photos: Luke Campbell, Yvan Mendy, Okolie, Askin - Workouts Photos: David Price, Sergey Kuzmin - Open Workouts Photos: Anthony Joshua, Alexander Povetkin - Putting in Work Fury on Wilder: Klitschko Hit Really Hard Too, It Didn't Affect Me! Arum Amused: I'd Be Conflicted If De La Hoya Ran Against Trump Froch: Joshua Needs to Entertain, Show Fighting Spirit Again

Latest Active Forum Threads