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Caribe wins Rigondeaux-Avalos purse bid

Caribe Promotions, the lone promoter of unified junior featherweight champion Guillermo Rigondeaux since the expiration of his deal with Top Rank in July, won a purse bid on Friday for his mandatory defense against Chris Avalos.

Caribe was the only bidder at the WBO headquarters in Puerto Rico, offering $317,777.77. Avalos promoter Top Rank did not bid.

As champion, Rigondeaux is entitled to 75 percent of the money ($238,333.32) and Avalos would receive the remaining 25 percent ($79,444.45). The minimum bid was $100,000.

In its winning offer, Caribe said the target date for the bout is Nov. 22 in Miami or the Dominican Republic. However, it remains to be seen if Avalos and Top Rank will accept the fight because they have been in talks with Matchroom Boxing promoter Eddie Hearn of England about working together on an Avalos fight in the United Kingdom. Avalos is also the mandatory challenger for titleholder Carl Frampton and that is a much bigger commercial fight than one against Rigondeaux. It is also a more winnable fight for Avalos.

Rigondeaux (14-0, 9 KOs), the two-time Cuban Olympic gold medalist, is coming off a first-round knockout of Sod Kokietgym in Macau on July 19 in his fifth title defense.

Avalos (24-2, 18 KOs), 24, of Lancaster, California, also fought his most recent fight in Macau, stopping Yasutaka Ishimoto in the eighth round in May in an eliminator to put him in position to be Frampton's mandatory.