LAS VEGAS — Former heavyweight champion Trevor Berbick received only $700,000 of his $2.1-million purse for fighting champion Mike Tyson, with $1 million of the money going to promoter Don King and his son, Carl, state boxing regulators said Friday.
Half of the $1 million went to pay advances improperly made to Berbick by King, while the other $500,000 went to Carl King as Berbick's manager, members of the Nevada State Athletic Commission said.
Another $400,000 was attached by the Internal Revenue Service for back taxes.
"The kid signed for $2.1 million, and I can guarantee you, we don't know if he got it," Commission Chairman Duane Ford said.
Ford said even the remaining $700,000 may not have gotten into Berbick's hands because it was put in a letter of credit at a Miami bank. He said commissioners have no way of knowing if Berbick ever kept the money, even though the letter of credit was in his name.