Unbeaten #1 IBF/WBO welterweight contender Mike Jones (26-0, 19 KOs) and #2 IBF contender Randall Bailey (42-7m 36 KO’s) will be fighting for the vacant International Boxing Federation welterweight title in 2012. Neither of their promoters was able to reach an agreement on Thursday. As such, the fight will go to purse bid on January 24th. Jones, 28, is backed by Top Rank, while the 37-year-old Bailey is promoted by Dibella Entertainment and will be the ones bidding on 1/24. Jones has been fighting as a pro for the past six years and most recently defeated Sebastian Lujan by a lopsided 12 round unanimous decision in a IBF welterweight title eliminator bout. It was one of Jones’ better performances with him winning by the lopsided scores of 118-110, 119-109 and 119-109. Read more: http://www.boxingnews24.com/2012/01...-bailey-going-to-purse-bid-on-124/#more-94723