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After Weaver KO'd Coetzee, Arum said, "Weaver is the greatest heavyweight I have ever seen."
Meanwhile, as greatests were coming and going, Holmes was well into a run of 17 successful WBC defenses.
In 1981, Pat O'Grady of Oklahoma City founded the World Athletic Association, and after his 6' 5" son-in-law Monte Masters knocked out Larry Simmons in May of 1982, yet another world champion was crowned, "It was embarrassing," said O'Grady, who had once said of Masters, "He couldn't beat me."
Masters solved O'Grady's crisis of conscience. He soon lost a nontitle fight to Roger Braxton, and his father-in-law lifted his title. Undaunted, Masters regained his crown by knocking out Tony Fulilangi seven months later in a WAA-sanctioned title bout. But again he lost a nontitle fight, and again O'Grady stripped him. The WAA hasn't had another heavyweight title fight since, which is cause for rejoicing.
Back in the relatively real world, in December 1982 Weaver lost his title to Michael Dokes, who in turn was knocked out by Coetzee (remember him?) in September 1983. Two months later, in his last WBC defense, Holmes knocked out Marvis Frazier.
"You have to fight Greg Page, our number one contender," the WBC then told Holmes.
"For $2.5 million," said King, acting as promoter.
"I want more," said Holmes.
"No," said King.
"Goodby, WBC," said Holmes, who was immediately recognized as champion by the newly formed International Boxing Federation headed up by Bob Lee, former boxing commissioner of New Jersey.