Rocky Balboa is forced to retire after having permanent damage inflicted on him in the ring by the Russian boxer Ivan Drago. Returning home after the Drago bout, Balboa discovers that the fortune that he had acquired as heavyweight champ has been stolen and lost on the stockmarket by his accountant. His boxing days over, Rocky begins to coach an up-and-coming fighter named Tommy Gunn. Rocky cannot compete, however, with the high salaraies and glittering prizes being offered to Gunn by other...

Rocky Balboa is a struggling boxer trying to make the big time, working as a debt collector for a pittance. When heavyweight champion Apollo Creed visits Philadelphia, his managers want to set up an exhibition match between Creed and a struggling boxer, touting the fight as a chance for a "nobody" to become a "somebody". The match is supposed to be easily won by Creed, but someone forgot to tell Rocky, who sees this as his only shot at the big time.