The story deals with Tom King, a boxer who is at the very end of his career. Once a great star who spent money freely and generously on himself and others, he is now so poor that the local merchants will not even loan him enough money for a piece of steak. The majority of the story details his boxing match with Sandel, who, as a much younger man, has far better stamina and recuperative abilities than King. Though King is much more experienced and tactically advanced than Sandel, King loses the fight. He knows that had he been able to eat a steak before the fight, the outcome would have been different.