Larry Merchant knows the fight game and knows a cheap shot when he sees one. Bravo, Larry Merchant. You got it right.
You don't hit a fighter right after a break in a fight signified by the touching of gloves. The Slow-mo is deceptive because the cheap-shot was taken right after the touching of gloves. The cheap-shot set up the knockout blow.
Champion of the Cheap-Shot is more like it.