Don King agrees to pay $7.5 million settlement to former boxer Terry Norris
Jet, Jan 5, 2004
Boxing prometer Don King recently agreed to pay $7.5 million to former boxer Terry Norris, who claimed that King stole money from him.
Norris, former World Boxing Council superwelter-weight, filed a lawsuit seven years ago, contending that King loaned $200,000 to Norris' manager, Joe Sayatovich, and then conspired with Sayatovich to pay Norris less for his fights than he was owed.
Norris suffered brain damage from all his bouts in the ring and was broke at the end of his career.
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King agreed to pay $3 million within a week of the settlement that was reached in New York State Supreme Court and the remainder within 15 months, according to news reports.
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