We had backed Main Events's purse bid, and were obligated to televise the fight if it went on.

So the purse bid shouldn't be until July at the earliest.

Then there's the matter of which organization's turn is it to hold the purse bid.

By the rules of purse bids, the champion is entitled to three-quarters of the sum.

A purse bid is an initial step in arranging a professional boxing match, involving the fight's/card's promoter(s).

An agreement was made 10 minutes before a purse bid was to take place.

If not, then the fight will be brought up for a purse bid.

And that's what Steve Wynn is doing to cover his purse bid.

By that system, Holyfield as champion would receive three-quarters of the purse bid and Tyson the rest.

"But no date was set for the purse bids," said Rappaport.