Mayweather-Pacquiao won't happen at Yankee Stadium

Whenever, and if ever, Manny Pacquiao and Floyd Mayweather face each other, the fight will not be in New York City. Pacquiao's promoter, Bob Arum, told SI.com that Yankee stadium was not considered as a site for the future megafight.

"You cannot do a major fight in a city like New York because of the insane taxes that they have here," said Arum. "There is a state tax, a city tax and an independent contractor tax. You put them all together and it's like 15 percent. Let's assume the purses will aggregate $80 million. Fifteen percent is $12 million dollars. That's like giving away the whole gate to the state. That's crazy.

Though Arum did not rule out the new Cowboys stadium -- Texas, like Nevada, has no state income tax -- Pacquiao vs. Mayweather will likely be held in Las Vegas, either at the MGM Grand or Mandalay Bay.

Arum added that he has not begun negotiations with Mayweather's camp because he has no idea with who he is supposed to be negotiating with. Mayweather's chief advisors are Leonard Ellerbe and Al Haymon, but Golden Boy Promotions, which has a contract with Mayweather, wants to be heavily involved with the negotiations for this fight.

"You cannot start a negotiation until you have somebody on the other side to negotiate with," said Arum. "In that camp, there is still a discussion going on over who will handle the negotiation. Once that's decided, we'll try to put the fight together."