Day proceeds for warship (7)

I believe the answer is:

frigate

'for warship' is the definition.
(frigate is a kind of warship)

'day proceeds' is the wordplay.
'day' becomes 'fri' (abbreviation for Friday).
'proceeds' becomes 'gate' (proceeds from people attending a sporting event).
'fri'+'gate'='FRIGATE'

(Other definitions for frigate that I've seen before include "Ship" , "US warship" , "Warship; -- bird" , "Type of warship" , "Naval escort vessel" .)

I've seen this clue in The Telegraph and The Times.

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