The British Boxing Board of Control found the former undisputed heavyweight champion guilty of misconduct during his contest against Savarese in Glasgow in June.
Tyson was displeased with the decision, but said he wanted to "put the incident behind him."
Tyson was not at the hearing in London, but was represented by lawyers. He was charged after failing to stop throwing punches after referee John Coyle had stopped the fight. He also knocked Coyle to one knee with some of the blows he was aiming at Savarese.
Tyson also was reprimanded but not fined on a second charge of using inappropriate language after the Hampden Park contest. In postfight comments, he said of IBF and WBC champion Lennox Lewis: "I'll rip his heart out and feed it to him."
"I want your heart," Tyson added in remarks directed at Lewis. "I want to eat your children."
He was given six weeks to pay the fine and will also bear the $1,500 cost of the inquiry. If he refuses to pay the fine, his license will be suspended.
"We strongly disagree with the conclusion of the British Boxing Board of Control regarding Mike's actions in the ring on June 24. We believe the evidence strongly proves that Mike's actions in the ring at the end of the fight were in accordance of the rules," Shelly Finkel, Tyson's adviser, said in statement.
"Mike is pleased to put this incident behind him. I think everyone would agree that Mike looked fantastic in his performance versus Lou Savarese, and he is anxious to return to the ring."
The hearing, originally set for Aug. 9, was postponed until Tuesday at the request of Tyson's lawyers.
Tyson, a convicted rapist, sparked widespread protests from women's groups in Britain after he was given special dispensation to enter the country for two fights this year by Home Secretary Jack Straw.
©2000 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed