Without batting an eyelash, there is no questions that Saul "Canelo"  Alvarez has proven that he belongs to the elite class of boxers in the middleweight division. He is a former junior middleweight champion and is someone who has already fought big names like Floyd Mayweather Jr. and Miguel Cotto, whom he faces this coming November.

Seeing he has been going places with his current promoter Golden Boy, it seems that Alvarez has no qualms about how he is being handled. In fact, he has re-signed with Golden Boy Promotions already and it looks like the Mexican star is looking forward to reaching bigger heights in the course of his boxing career.

"I am loyal. It's part of my character and that's why I am extending my contract with Golden Boy Promotions," Alvarez said in a statement via ESPN. "Golden Boy Promotions knows how to build a fighter and elevate him to a world stage as they have done with me and continue to do with many others. I look forward to working with Golden Boy throughout my career," he added.

The financial aspect of the new contract was not disclosed, although it is believed that the Alvarez deal is pretty lucrative. Especially considering that Oscar Dela Hoya had cut ties with Al Haymon who had a deep stable of fighters that were being promoted, one can imagine the perks included in the multi-year, multi-fight signing.

The signing comes in the wake of a megabout between Alvarez and Miguel Cotto this coming Nov. 21 for the middleweight title. The fight will be held in Mandalay Bay in Las Vegas and will be shown on HBO pay-per-view (PPV).

The winner of the tiff is likely to face off against WBA champion Gennady Golovkin, who, incidentally, believes that Alvarez should come out with a victory over the Puerto Rican champ.

"Canelo is the present and future of boxing and we're going to have a lot of fun putting together the biggest and best fights for him in the coming years," De La Hoya told The Times.