Larry Holmes vs. Marvis Frazier
1983-11-25 : Larry Holmes 219 lbs beat Marvis Frazier 200 lbs by TKO at 2:57 in round 1 of 12
- Location: Caesars Palace, Sports Pavilion, Las Vegas, Nevada, USA
- Referee: Mills Lane
- Judge: Duane Ford
- Judge: Jerry Roth
- Judge: Chuck Minker
Larry Holmes entered the fight as the World Boxing Council heavyweight champion, but the WBC refused to sanction the fight because Frazier was not ranked among their top ten heavyweight contenders. Therefore, it was officially a non-title bout. If Frazier had won, the title would have been declared vacant.
Holmes, who had a record of 44-0 with 31 knockouts, was a 4-1 favorite over Frazier, who had a record of 10-0 with 6 knockouts.
Holmes reportedly earned $3.1 million, while Frazier made about $800,000.
The Holmes-Frazier fight was a mismatch. Holmes dropped Frazier with a right hand midway through the first round. Frazier got up to one knee and then rose at the count of eight. Holmes backed Frazier into a corner and pummeled him with right hands until referee Mills Lane stepped in and stopped the fight.
After defeating Frazier, the WBC stated that Holmes had to fight #1 contender Greg Page next or he would stripped of the title. But Holmes wanted more than the $2.55 million he was being offered by promoter Don King to fight Page.
On December 11, 1983, Holmes relinquished the WBC title and accepted recognition as world champion from the newly-created International Boxing Federation.
In October 1982, at the World Boxing Association annual convention, Bob Lee, president of the United States Boxing Association, lost in his bid to become WBA president against Gilberto Mendoza. Lee and others withdrew from the convention after the election and decided to organize a new world-level organization. The new group was first named the USBA International, but the name was soon changed to the International Boxing Federation.