Moneybags Trinidad
King signs IBF welterweight champ to four year, $42.9 million contract
Posted: Monday November 30, 1998 06:18 PM
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Trinidad is unbeaten in 33 fights with 29 knockouts, but he has only fought twice in the last 16 months Jed Jacobsohn/Allsport |
SAN JUAN, Puerto Rico (AP) -- Felix "Tito" Trinidad has signed a $42.9 million contract with promoter Don King for at least three fights per year over four years, the boxer's father says.
The new contract comes less than a week after Trinidad lost a legal battle to sever ties with King.
"We renegotiated, and now King will be Tito's promoter while Tito continues as champion," Felix Trinidad Sr. said Monday.
Trinidad is IBF welterweight champion. The Puerto Rican fighter received a $300,000 advance upon signing the contract in Fort Lauderdale, Florida last weekend, his father said.
Last week, the decision of a federal judge in New York forced Trinidad to cancel a contract he had signed with Dino Duva of Main Events, who had promised him a Jan. 9 bout with former lightweight and welterweight champion Pernell Whitaker.
Under the new contract, King promised to arrange a fight in 1999 with either Whitaker or Vincent Pettway.
Trinidad is unbeaten in 33 fights with 29 knockouts, but he has only fought twice in the last 16 months because of the dispute with King.
In August 1997 Trinidad knocked out Australian Troy Waters in the first round, and on April 2 he knocked out challenger Mahenge Zulu of Zaire.
The new contract reopens the possibility of a match with Ike Quartey of Ghana, whose fight with Trinidad was canceled because of the lawsuit. Trinidad has also said he wants to fight Oscar De La Hoya, the WBC welterweight champion.
Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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