Mike Tyson vs. Michael Spinks fight in boxing history, grossing some $70 million, of which Tyson earned a record purse of around $20 million and Spinks $13.5 million. Tyson won the fight, knocking out Spinks in 91 seconds. Michael Spinks became a professional boxer shortly after he won the gold medal at middleweight in the 1976 Summer Olympics. Initially, Spinks was more concerned with assisting his brother Leon's rise to the heavyweight championship, but was later convinced to turn pro himself. In 1981 Spinks fought Eddie Mustafa Muhammad for the WBA light heavyweight championship and defeated him by decision to win his first world title.
Mike Tyson vs. Michael Spinks between Tyson and Spinks grew to settle the issue of who the real champion was, but negotiations were protracted because Tyson's co-managers Bill Cayton and Jimmy Jacobs and Spinks' manager Butch Lewis struggled to agree on terms. Negotiations temporarily broke down when Lewis insisted on a $15 million guarantee for his fighter. Annoyed at constantly being asked about the fight, Tyson eventually demanded that his managers reach an agreement with Lewis. By April an agreement had been reached, although another problem arose when the IBF threatened to strip Tyson of their title if the fight was not scheduled for 15