The boxing star signed a multi-fight deal that guarantees her at least $8 million, according to a news release issued Thursday, Nov. 6.
The contract involves a business relationship between the 30-year-old Shields, Wynn Records and Salita Promotions, which has worked with Shields (17-0, 3 KOs) since her second pro fight.
“This deal represents more than just a contract, it’s a statement,’’ Shields said, according to the news release. “I’ve fought my entire career to prove that women’s boxing deserves equal respect, equal pay, and equal opportunity. Partnering with Salita Promotions and Wynn Records gives me the platform to keep breaking barriers inside and outside the ring. Together, we’re building something that’s never been done before.”
During an appearance on CBS earlier in the day, Shields said it’s a two-year deal with a signing bonus. She did not disclose the amount of the signing bonus or the number of boxing matches the deal calls for her to fight.
A five-division world champion and two-time Olympic gold medalist, Shields was scheduled to formally sign the contract during an invitation-only event in New York. It confirms she will remain with Salita Promotions, run by Dmitriy Salita, who has worked with Shields while she has dominated women’s boxing. Their contract expired in July, giving Shields a chance to shop for another promoter before she decided to renew their partnership.
Wynn Records represents Shields’ boyfriend, rapper Papoose, and two other recording artists, according to the company’s website.
Shields began working with Wynn Records before her last fight, a victory over Lani Daniels by unanimous decision on July 26. The fight drew a sellout crowd to Little Caesars Arena in Detroit.
“Claressa’s story, talent, and determination embody everything our brand stands for,’’ said Ruben Branson, owner and CEO of Wynn Records. “We’re proud to stand beside her as she continues to make history. Together, we’re setting a new standard for what’s possible in the sport.”
Salita, the promoter, said, “Claressa Shields is one of the greatest athletes of our generation. Her impact extends far beyond the sport, and this partnership reflects that power. Our goal is to blend boxing, culture, and music to elevate the sport and its athletes beyond the traditional sports pages.
“This partnership with Wynn will create unique opportunities for fighters and deliver fresh, engaging experiences for boxing fans. Together with Wynn Records, we’re creating a blueprint for the future—where promoters, athletes, and partners collaborate to achieve success that would not otherwise be possible.”
Shields, the current undisputed heavyweight champion, is expected to face Franchon Crews Dezurn (10-2, 2 KOs) in her next fight. She beat Dezurn by unanimous decision in 2016 during Shields’ pro debut.