Just when boxing fans thought they were about to experience the dream fight, Ring Magazine slapped them with a bitter truth yesterday. “Canelo Alvarez and Terence Crawford fight is now off.” The announcement shattered the hopes of many. But as the boxing world began to digest this news, another bombshell dropped. Reports surfaced stating that Canelo Alvarez and Jake Paul are reportedly set to face each other on Cinco de Mayo and their teams have entered negotiations.

But just when it seemed like everything was falling into place, Ring Magazine dropped another bombshell today. In an update, they reported that the “Canelo Alvarez vs. Jake Paul fight is now off.” The logistics and dynamics of the strange match-up had left many wondering how it would even unfold if it happened. However, Eddie Hearn, Matchroom Boxing head, still thinks it can happen and shared his thoughts on the now-canceled fight.

Eddie Hearn weighs in on the Canelo Alvarez -Jake Paul canceled match

Yesterday, Fighthub TV shared a short clip of Eddie Hearn on Instagram. When asked about the Terence Crawford fight initially falling through, Hearn admitted that it’s difficult to keep track of whether the fight is happening or not, as things could change at any moment. “Who knows! Don’t listen. One day it’s not happening. Tomorrow it could be happening,” he stated. But then, he pointed out the larger issue at hand—the financial clout of a Canelo Alvarez vs. Jake Paul match.

Eddie Hearn stated, “But the reality is the fight’s much bigger than Crawford against Canelo. But for boxing fans, it’s not at all.” His comment may have been jarring to many. However, he shared the bitter truth that separates the sport’s hardcore enthusiasts from the casual audience. From a commercial standpoint, a fight between the unified Super Middleweight champion and Jake Paul would undoubtedly draw massive attention and revenue, of course, thanks to the Cleveland native’s vast social media following. In contrast, the potential of Canelo vs. Crawford is more valued by boxing purists, who see it as one of the best possible matchups in modern boxing.

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Hearn then continued, noting that if the Jake Paul fight were on the table for the 34-year-old, the financial incentives would likely outweigh any hesitations. “But I know Canelo and if that fight’s on the table for that kind of money, he’s gonna take it.” Moreover, when asked about the potential danger of a Canelo Alvarez – Jake Paul fight, Hearn offered an intriguing take. “It depends on what Canelo does. If Canelo wants to allow beating on him, oh it’ll be brutal to watch. But a lot of people will enjoy watching that,” Eddie Hearn explained.

Financial implications and the bigger picture

Eddie Hearn, who has worked with Canelo Alvarez in the past, highlighted the massive payday that could come with such a high-profile bout. Yesterday, while talking to IFL TV, Eddie Hearn stated that the fight could generate up to $200 million in revenue, including TV and gate receipts, with both fighters walking away with potentially $100 million each even with a 50/50 split.

“There always becomes an amount, and this isn’t just in boxing, there always becomes an amount of money where the answer is yes. Always remember that,” he said, referencing the allure of the massive payday that would come with a fight against Jake Paul. But it’s not just about that. Canelo’s long-standing goal of securing a nine-figure payday could also become a reality if he agrees to this matchup.

From the initial excitement to the confusion of cancelations and reversals, it seems like this match may never come to fruition. Will the fight ever be officially confirmed? And will we ever see the dream fight between Canelo and Terence Crawford? Let us know what you think.