James Toney vs. Samuel Peter, billed as No Risk, No Reward, was a professional boxing match contested on September 2, 2006, for the NABF and IBA heavyweight titles.

[1] In early July 2006, it was announced that the WBC's number-two and number-three ranked contenders James Toney and Samuel Peter would meet in a WBC heavyweight title eliminator bout two months later, with the winner becoming the mandatory challenger to the winner of the Hasim Rahman–Oleg Maskaev WBC heavyweight title fight scheduled three weeks prior.

[2] Both fighters were looking to rebound and get another change at a heavyweight title after suffering recent disappointing results.

10 ranked contender Robert Guerrero[5] in the first defence of the title he won in May against Valdemir Pereira.

However, Peter nevertheless landed clean powerful shots, especially during the early portion of the fight and overcame a bloodied nose and a point deduction in the ninth for hitting Toney in the ears during a clinch to take the victory.