Via SB Nation’s Bad Left Hook, comes this news from the L.A. Times that the Staples Center is prepared to offer $20 million of guaranteed money to host the Pacquaio vs. Mayweather super fight, reportedly scheduled for March 13.
Staples Center Offers $20 Million To Host Mayweather-Pacquiao Fight
From the Times:
“This is the biggest boxing event ever, and we’re prepared to step up in a big way,” said Dan Beckerman, chief financial officer for AEG, which runs Staples Center. […] “We know there’s interest in this fight across the world, but we’re very interested and honored to make the most impressive offer possible,” Beckerman said. “It’s our biggest guarantee ever, and we hope it wins the day. We wanted to push as far and as hard as we could.”
Bad Left Hook is impressed with the offer, but writes that it won’t outdo whatever the MGM in Vegas is willing to pay for the fight. Although the Staples Center offer is the first firm one that’s been made.
Besides the guaranteed money, there is also the issue of taxes to contend with:
big deterrent will be the income taxes that California levies against the fighters. New York and New Jersey are totally out of the running because of their taxes. Nevada and Texas don’t have them, and Louisiana would have to waive theirs, which James Carville proposes.
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