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Staples Center comes in with $20 million bid for Mayweather-Pacquiao

Los Angeles' Staples Center has come in with a $20 million bid for Mayweather-Pacquiao.

Los Angeles' Staples Center has come in with a $20 million bid for Mayweather-Pacquiao.

Lance Pugmire of the Los Angeles Times reports that the Staples Center in Los Angeles has come forward with a $20 million offer to host the March 13 fight between Manny Pacquiao and Floyd Mayweather Jr.

"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."

Richard Schaefer, who previously was said to have nixed the idea of hosting the fight at Cowboys Stadium in Texas, says that idea isn't dead, and attempts to explain why he canceled his trip to Dallas with Bob Arum to meet with Jerry Jones:

"I don't need to tour any facilities. I'm a numbers guy. Numbers transmit over the fax machine as well as they do in person, and I've yet to see any numbers from them. I'm told things are bigger in Texas, but Staples has stepped up and presented us the numbers. Money talks," he said.

As best we know, Staples has made the first firm offer, and it's a good one. I don't think $20 million can beat whatever the MGM in Vegas will offer. Pacquiao himself is getting a rumored $25 million guarantee for the fight.

Plus, the 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.

But it's never over 'til it's over, either. Staples may well be prepared to go even higher. All I know is this is getting very interesting.

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This whole thing is so exciting.

Mountain West Connection ::Above the Rest::
Bolts From The Blue "There’s a gleam men. Let’s go get the gleam! Focus and Finish!!! One play at a time!!! Let's Go!!!"
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by Sam (sdsuaztec4) on Dec 10, 2009 1:53 AM EST reply actions  

1st post here

If fight negotiation for Pac-May (or May-Pac) is a big story… How big this fight can be???

Just excited!

by DXB Jerome on Dec 10, 2009 2:12 AM EST reply actions  

One other aspect

I could be misremembering, but I believe that AEG is the second largest owner of Golden Boy Promotions, which gives them some ability to bid high (since they’ll essentially be getting some of the money back).

Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."

by Brickhaus on Dec 10, 2009 2:48 AM EST reply actions  

Richard proabably knew

they would make an offer and now it puts pressur eof the Cowboys.

"Honey i forgot to duck" - Jack Dempsey

by Drunken cutman on Dec 10, 2009 3:17 AM EST reply actions  

ugh my typing really is atrocious recently

pressure on

"Honey i forgot to duck" - Jack Dempsey

by Drunken cutman on Dec 10, 2009 3:19 AM EST up reply actions  

Cowboys appear to be off the table

Schaefer said no to any outdoor venue. Michael Marley reported yesterday that Mayweather doesn’t want to fight in any outdoor venue.

Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."

by Brickhaus on Dec 10, 2009 3:23 AM EST up reply actions  

Im pretty sure you can close the roof. They wouldnt want the Jerry-tron getting wet.

by ryanwk628 on Dec 10, 2009 10:04 AM EST up reply actions  

Still isn't temperature controlled with the roof closed

Bad Left Hook - The SB Nation boxing blog
"Baseball is played on the field, not on a calculator."

by Brickhaus on Dec 10, 2009 10:18 AM EST up reply actions  

An average high temperature of 76 degrees and an average low of 55 degrees

Temp for a fight in March is not that big a deal.

by ryanwk628 on Dec 10, 2009 10:37 AM EST up reply actions  

If it's in LA,

there’s going to be more Pacquiao fans than Mayweather fans in the Arena for sure..

by Anton Tabuena on Dec 10, 2009 3:23 AM EST reply actions  

That’d probably be true if they held it in Grand Rapids, Michigan. Pacquiao just has more fans.

Bad Left Hook
"If bulls**t was poetry, Ray 'Boom Boom' Mancini's name would be Shakespeare." -- Dennis Rappaport

by SC on Dec 10, 2009 3:28 AM EST up reply actions  

I was thinking that too after clicking 'post..'

wait.. Mayweather does have less fans anywhere.. haha.

wait.. Mayweather does have less fans anywhere.. haha.What I meant was that there are lots of Filipino’s in LA, and on the nearby cities, so he’d probably get an even bigger audience than what he usually gets in Vegas..

by Anton Tabuena on Dec 10, 2009 3:38 AM EST up reply actions  

There would probably be more Mayweather fans if it were held at Wembley. I hear that Money May has a totally different image across the pond and the Brits generally like him.

by waldo47 on Dec 10, 2009 2:45 PM EST up reply actions  

Yes.

Bad Left Hook
"If bulls**t was poetry, Ray 'Boom Boom' Mancini's name would be Shakespeare." -- Dennis Rappaport

by SC on Dec 10, 2009 6:03 PM EST up reply actions  

true...

I hated every minute of training, but I said, ‘’Don’t quit. Suffer now and live the rest of your life as a champion.'’ (Bernard Hopkins)

by BrianBrock on Dec 11, 2009 3:03 PM EST up reply actions  

Could it be...

… that Schaeffer is playing hard to get while Arum is the “willing to go”? Like " bad cop-good cop" approach in making most of a deal.

by DXB Jerome on Dec 10, 2009 3:43 AM EST reply actions  

NY

should drop the taxes like LA is proposing. The money this fight would bring in for local businesses is huge! It would be foolish not to recognize that.

by ryanwk628 on Dec 10, 2009 10:05 AM EST reply actions  

Where would you put it? MSG is the only place that makes sense and they have as many seats as the MGM Grand, so they would have to put up a ridiculous amount of cash out front….

by waldo47 on Dec 10, 2009 2:46 PM EST up reply actions  

makes you wish they built that new Jets stadium on Manhattan. March is tough with North East weather, but lots of fights have happened in Yankee Stadium, the Giants are about to open their new diggs… but they wont do it outside. Id rather see it in MSG than Vegas.

by ryanwk628 on Dec 10, 2009 3:53 PM EST up reply actions  

$ 20-25 million a piece.... Absolutely

I believe that both Mayweather and Pacman are getting about $ 20-25 million a piece. They getting that Mike Tyson money from back in the day. That will explain why the negotiation process actually went so fast.

by Haans Bishop on Dec 10, 2009 4:36 PM EST reply actions  

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