By Rick Reeno

According to the bout agreement issued by promoter Don King, the WBC's final eliminator between heavyweight contenders Chris Arreola (35-2, 30KOs) and Bermane Stiverne (22-1-1, 20KOs) will take place on December 15th in Venezuela.

King, who has Stiverne, secured the rights to promote the fight with a monster bid of $1.1 million dollars. Promoter Dan Goossen, who has Arreola, put down $550,000.

If King fails to finalize the event, or come up with the money, the promotional rights would fall to the second highester bidder, which is Goossen.