AP NEWS
ADVERTISEMENT
Related topics

An agreement has been reached for a Mike Tyson-Michael Spinks he

February 3, 1988 GMT

NEW YORK (AP) _ An agreement has been reached for a Mike Tyson-Michael Spinks heavyweight title fight in June, Spinks’ adviser said today.

Butch Lewis said the agreement is being reduced to writing. ″By the time the lawyers get done dotting the i’s and crossing the t’s, the contract could be signed by next week,″ Lewis said.

Lewis said a date has not been set but that the closed circuit television fight will take place in June. A site has yet to be picked.

″Everyone is interested in getting it,″ said Jimmy Jacobs, Tyson’s co- manager.

ADVERTISEMENT

Negotiations with Lewis were conducted by Shelly Finkel, who was serving as a go-between for Jacobs and co-manager Bill Cayton. Cayton said he and Jacobs would not deal with Lewis personally after Lewis walked out of a negotiating session Jan. 23, the day after Tyson knocked out Larry Holmes in Atlantic City.

Spinks will fight for a flat sum plus a few incentives. His guarantee reportedly is in the neighborhood of $12.5 to 13.5 million.

Everything else will go to Tyson with promoter Don King being paid out of the champion’s revenues. Tyson is expected to earn at least $17 million.

″If the thing hits a home run and the net is close to $40 million, Tyson can touch $20 million,″ said Finkel, who has the closed-circuit and pay-per- view television rights for the bout.

Tyson, the 21-year-old undisputed champion, is next scheduled to fight March 21 against Tony Tubbs in Tokyo.

Both Tyson and Spinks are undefeated.

Spinks, the former light heavyweight champion, was stripped of the International Boxing Federation heavyweight title when he dropped out the HBO unification tournament in order to fight Gerry Cooney last year.

Tyson has a record of 33 wins, including 29 knockouts. Spinks has 31 victories with 21 knockouts.

Y-02-03-88 1144EST