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Luis Franco, Gary Russell to meet

Updated: May 31, 2012, 11:29 PM ET
By Dan Rafael | ESPN.com

Promoter Gary Shaw won a purse bid on Thursday for the featherweight title elimination bout between Luis Franco, whom he promotes, and Gary Russell, the 2011 ESPN.com prospect of the year who is promoted by Golden Boy.

In bidding held in Honolulu, where the IBF is holding its annual conventions, Shaw won with a bid of $220,000 to beat the offer of $186,000 by Golden Boy.

As the higher rated boxer by the IBF, Franco (11-0, 7 KOs) is entitled to 60 percent of the winning ...

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