Representatives for WBC interim super middleweight champion David Benavidez are prepared to offer undisputed champ Canelo Alvarez a deal that includes close to $50 million in guaranteed money, according to Sports Illustrated's Chris Mannix.

Mannix said the actual purse “would be in the neighborhood of $40 million.” He added splits on gate revenue and PPV would push the package close to $50 million for Alvarez.

This appears to be the most money Alvarez would make in his career for one fight. He reportedly made $45 million in his third fight with Gennadiy Golovkin.

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Benavidez's camp has sought a fight with Canelo Alvarez, who holds the WBA (Super), WBC, IBF, WBO and The Ring super middleweight titles, for a while.

He is listed as the top challenger for the super middleweight title by The Ring. Benavidez is 26 years old and previously held the WBC super middleweight championship.

Alvarez last defeated John Ryder by unanimous decision May 6. He is expected to return to the ring in September.

Canelo Alvarez said his “goal” is a rematch with Dmitry Bivol, who defeated him by unanimous decision May 7, 2022 at light heavyweight.

According to ESPN's Mike Coppinger, Alvarez wants that fight to take place at 175 pounds, while Bivol is seeking a crack at Alvarez's undisputed championships at super middleweight.

Benavidez is an intriguing option for Alvarez. He has Mexican roots and has great power, posting 23 of his 27 victories by knockout. Benavidez is also yet to lose in his career.

He last defeated Caleb Plant March 25. Before then, he had a streak of six fights that he won by either technical knockout or corner retirement.