How much did Michael Spinks get paid losing to Mike Tyson?

Michael Spinks was paid approximately $4.8 million for his heavyweight title fight against Mike Tyson on June 27, 1988, despite losing the match in just 91 seconds. This fight was highly anticipated and marked a significant moment in boxing history, showcasing Tyson's dominance. Spinks, despite the quick defeat, earned a substantial payday, reflecting the high stakes and interest surrounding the bout.