Last week, Mayweather made news by announcing a welterweight rematch with Maidana in September, but it’s what flew under the radar that might be the biggest news of all.
Mayweather Promotions, per Mitch Abramson of the New York Daily News, sought and was granted a promotional license by New York State last week, leading many to speculate that his next—or possibly a future—fight could well be heading to the Big Apple.
If that does wind up happening, it would obviously be big news.
Mayweather, who lives in Las Vegas and has a permanent ad on the side of the MGM Grand proclaiming it the "Home of the Champion," has hosted each of his last nine fights at the MGM, generating countless millions of dollars in revenue for the casino and city.
But with his career winding down to its conclusion, is Mayweather ready to make the jump and fight in the biggest media market in the world?
It seems like a definite possibility, but a lot of things need to go right.
The Barclays Center—Brooklyn, New York’s new arena which has become a major boxing player in the years since its opening—made a big push to land Mayweather vs. Maidana in May, losing out to the MGM.
Given this development, it’s sure to be in the mix again for the rematch, but financial terms will need to be worked out.
One of the benefits to Mayweather of fighting in Las Vegas is that the taxes are very low. Nevada doesn’t have a state income tax on individuals.
Forbes reported late last year that New York taxes—8.82 percent for individual income tax and an additional four percent for unincorporated business tax—would total nearly 13 percent of Mayweather’s earnings for a fight, and that is the single biggest deterrent that could keep him away.
New York City could certainly afford the rich ticket prices that help line the pound-for-pound king’s pockets—New York is no stranger to tickets for premium events running into the thousands of dollars—but something would need to be done to ease the tax burden for Mayweather to seriously consider taking his show on the road.
Various offsets and diversified revenue streams could be created to ensure Mayweather makes his bottom line, but that makes any deal complicated.
No, but complex.
Can it happen?
But it’s going to take some creative accounting.