Macdonald (Matthew Modine) survives a shoot-out after a heist gone wrong, but he has lost his memory and spends many a year in prison without knowing what really went on. Officer Sykes (Sylvester Stallone) was originally on the case and has kept a close eye on it as it went cold and colder. When Macdonald is sprung from prison after seven years, Sykes gets some help from the FBI to help track him down.
Full disclosure: I have never been a fan of any of the Rocky movies. So now we have installment 7 of the Greatest Boxing Legend of American Cinema. It does however have several things going for it before even seeing it: it is the first movie in the franchise not written by Stallone, and Rocky is now only a supporting character rather than the lead.