Canelo Alvarez next fight: Golden Boy Promotions offer Billy Joe Saunders £6m to face Mexican in Las Vegas on May 2 – reports

Saul ‘Canelo’ Alvarez will face Billy Joe Saunders on May 2 after the Mexican’s promoters increased their offer to the Brit, according to reports.

Golden Boy Promotions have reportedly offered Saunders $7.75million (£6m) to put his WBO super-middleweight title on the line, with a deal reportedly nearing completion.

Four-weight world champion Canelo Alvarez will reportedly sign to face Billy Joe Saunders

Tom Hogan – Hogan Photos/Golden Boy

This means WBA ‘Super’ and Ring Magazine super-middleweight champion Callum Smith will be forced to look elsewhere as he targets legacy-defining fights at 168lbs.

According to Mike Coppinger of The Athletic, a deal is now nearing completion for Saunders to take on the Mexican on Cinco de Mayo weekend.

The 30-year-old has clamoured for a fight of this magnitude since winning the WBO belt at middleweight in 2015, targeting Canelo and Gennady Golovkin. In the summer of 2019, he confirmed he had left Frank Warren and Queensberry Promotions in the hope of fighting either Canelo or Golovkin – with both men fighting on streaming service DAZN.

However, it seems as though he will finally get his opportunity to take on one of the very best pound-for-pound boxers on the planet, perhaps justifying his decision to link up with Eddie Hearn.

Sources: Golden Boy Promotions has increased its offer to Billy Joe Saunders to $7.75 million for a Canelo Alvarez fight on May 2 and a deal is nearing completion, but no agreement on money yet

— Mike Coppinger (@MikeCoppinger) February 28, 2020

Saunders defended his WBO super-middleweight title on the KSI vs Logan Paul undercard

Ed Mulholland/Matchroom

It does mean fellow Matchroom Boxing fighter Smith must look elsewhere for an opponent, with unification fights now surely a priority.

Since dethroning George Groves in the final of the World Boxing Super Series in 2018, Smith has campaigned for fights against the very best in the world at super-middleweight.

With fellow champions Caleb Plant and David Benavidez seemingly set to fight one another to unify the division, the choices on offer to the 29-year-old seem to be limited.

Either he waits for a world title fight at his natural weight, or moves up to take on the killers at light-heavyweight.

The problem with that strategy is that the more lucrative fights are at 168lbs, with options in the division above seemingly more dangerous and less lucrative to a fighter in his prime such as ‘Mundo’.

After an unconvincing victory against mandatory contender John Ryder towards the end of last year, the Liverpudlian will surely be watching Canelo vs Saunders with bated breath as he awaits the winner.

— Read on talksport.com/sport/boxing/676397/canelo-alvarez-next-fight-golden-boy-promotions-value-worth-billy-joe-saunders/