NEW YORK, FEB. 11 -- A tentative agreement was reached tonight that would keep the Evander Holyfield-George Foreman heavyweight title fight in Atlantic City.
The arrangement was revealed by Dan Duva, who would co-promote the bout with Bob Arum on April 19. The live site promoter would be Donald Trump.
A news conference was scheduled for noon Tuesday at Trump's Plaza Hotel in New York.
"We have reached a tentative agreement," Duva told the Associated Press by telephone tonight.
He said one of the conditions on the agreement's finalization would be the initial payment by Trump of $2.5 million, which is the down payment on the fighters' purses.
Trump had bought the fight for $11 million, and his Trump Plaza Hotel Casino would be the live site promter.
Trump, however, said last week there was a "war clause" in the agreement and that the Persian Gulf conflict activated the clause. He said the war was affecting the hotel casino business in Atlantic City and he sought to reduce the live site payment from $11 million to between $5 and $6 million.
Both Duva and Arum immediately said the war clause was not in effect and threatened to move the fight to Caesars Palace in Las Vegas.
"We're encouraged that the event will happen as scheduled in Atlantic City," Duva said.
But when asked if the fight fee would remain $11 million, he added: "I can't say anything on that at this time."
The fight between Holyfield and Foreman, 43, is expected to be the highest grossing in history. Holyfield is the undisputed heavyweight champion. Foreman was champion in 1974-75 and began a comeback in 1987 after a 10-year layoff in which he became an evangelist.