Warriors wins Dib-Munoz purse bid

Featherweight titlist Billy Dib of Australia thought he would be defending his title Saturday against Puerto Rico's Jayson Velez at New York's Madison Square Garden on the Austin Trout-Miguel Cotto undercard. But Showtime decided it did'nt want Dib -- because he's been in several boring fights -- on its air.

So Velez, one of Cotto's fighters, got another opponent in Salvador Sanchez II and Dib -- promoted by hip hop star 50 Cent (whose real name is Curtis Jackson) -- was left to instead make a lower profile, less lucrative mandatory defense against Argentina's Mauricio Munoz.

On Tuesday, Warriors Boxing was the lone bidder at the IBF purse bid, winning promotional rights to the bout for $50,000. That means Dib is entitled to $37,500 (75 percent of the winning bid) while Munoz is entitled to $12,500 (25 percent).

Warriors Boxing is owned by Leon Margules, who bid on behalf of Jackson's SMS Promotions. Margules is also an attorney and represents Jackson in his boxing business.

The date and location of the bout has not been determined, but Warriors has 90 days to put on the fight.

Dib (35-1, 21 KOs) will be making his third title defense. Munoz (26-3, 12 KOs) became the mandatory challenger when he won a split decision in Argentina against Luis Franco on Oct. 13.