Standing outside the Staples Center in Los Angeles on Tuesday afternoon, the "Golden Boy" of boxing announced that he was finally calling it quits.

"I've come to the conclusion that it's over," Oscar De La Hoya told an impressive crowd of fans, including comedian George Lopez and Golden Globe winner Mickey Rourke. "It's over inside the ring for me."

De La Hoya lost his last fight four months ago against Manny Pacquiao and won his last title back in May 2006, beating Ricardo Mayorga.

"This is the love of my life, boxing is my passion, boxing is what I was born to do," the 36-year-old boxer said. "When I can't do it anymore, when I can't compete at the highest level, it's not fair. It's not fair to me, it's not fair to the fans, it's not fair to nobody."

To his credit, De La Hoya defeated 17 world champions and has won 10 world titles in six different weight classes throughout his career. He has also generated more money than any other boxer in the history of the sport.

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Boxing's Golden Boy took a royal beating last night in Las Vegas in what was billed as "The Dream Match". Filipino sensation Manny Pacquiao instead showed the world that he is indeed the world's best pound-for-pound fighter.

Hitting De La Hoya early in the first with right jabs and straight lefts, Pacquiao gained an early lead in a match that oddsmakers had given to De La Hoya. Although bigger than his opponent, the elder De La Hoya appeared to be cowering rather than challenging Pacquiao.

Round after round, Pacquiao dominated with right jabs, straight lefts, right hooks and right uppercuts. Then, during the eighth round, Oscar's left eye had closed completely and his trainer had to tell the referee to stop the fight.

"I had to protect him," trainer Nacho Beristain said. "I had to stop the fight."

With the win, Pacquiao scored one for the little man.

"I knew right way I could win this fight, most likely by a stoppage," Pacquiao said. "I controlled the action. I was able to defend against his jab. I was able to move around."

After the fight, De La Hoya was taken to the hospital as a precautionary measure and was unavailable for comment.

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And yet De La Hoya is the –190 favorite for Saturday’s big-money matchup at the MGM Grand. Pacquiao is the +150 underdog. The over/under on rounds is 9.5, and while the over is –185, this is a 12-round fight. The tale of the tape reveals why a De La Hoya knockout is anticipated:

• De La Hoya: 5-foot-10, 73” reach
• Pacquiao: 5-foot-6, 67” reach

This is a welterweight bout, maximum 147 pounds. De La Hoya fought at this weight between 1997 and 2001; Pacquiao’s heaviest weigh-in was this past June at 134.5 pounds. It’s clobberin’ time again.

Word from the camp of Oscar De La Hoya on Wednesday suggested that a deal has been set for the Golden Boy to take on Filipino sensation Manny Pacquiao on December 6th, presumably in Las Vegas.

De La Hoya (39-5, 30 KOs) has been in talks with Pacquiao (47-3-2, 35 KOs) for weeks. But negotiations got bogged down when the sides could not come to an agreement on how to split the revenue, which is expected to exceed more than $100 million.

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