Moments ago Golden Boy Promotions CEO Richard Schaefer informed Boxingtalk.com that IBF lightweight champion Jesus "El Matador" Chavez will honor Don King Productions winning bid for Chavez's and make the next defense of his title against Julio Diaz. "We are awaiting to hear from Don King as to when and where the fight will take place, but El Matador will fight Julio Diaz," stated Schaefer. Chavez will receive 65% of DKP's winning bid or, $325,000. (3:39 PM EST)