|Wednesday, March 15
Arum to announce fight Monday
LAS VEGAS -- Bob Arum is hoping the Los Angeles Lakers will help him sell Oscar De La Hoya's June 17 fight with Shane Mosley at the Staples Center.
If the Lakers make the NBA finals and it goes at least six games, the team could be playing in the Los Angeles arena the night before De La Hoya and Mosley stage the facility's first boxing match.
And that could get Arum some extra media exposure for the event.
"It would really create some excitement for the fight," Arum said Wednesday. "I'll have 1,000 writers who might not cover boxing matches present in Los Angeles for the basketball."
The boxing promoter plans a Monday news conference in Los Angeles to formally announce the fight, which will match the once-beaten De La Hoya against the unbeaten Mosley in a welterweight fight.
Both fighters are from the Los Angeles area, and fought each other in amateur bouts while growing up. That was one factor in Arum shopping the fight to the Staples Center.
"This fight will have more drama in it being in LA than it would in Las Vegas because the two grew up there," Arum said. "It's really good for boxing and for Oscar to have fights in venues outside of Las Vegas."
The Staples Center is reportedly guaranteeing Arum some $5 million to hose the bout, and state lawmakers have agreed to consider a tax break for the bout.
California's 5 percent tax on boxing and wrestling shows would mean a bill of $400,000 for a sellout crowd, in addition to $240,000 for the city tax. Staples officials wanted a state tax cap of $50,000 on the fight, much like one in place in New York.
Arum said tickets would be priced from $50 to $900.