This is the breakdown of the sponsorship pay for fighters based on how many fights they’ve had in the UFC – and it’s absolutely horrific. I really don’t know what to think looking at these numbers… Is this a joke? Before I have a full meltdown, let’s see what the Vegas gangster has to say.
I can tell you this – all of the revenue we are receiving from Reebok is being distributed to the fighters. We essentially looked at the compensation tiers and they were based on the distribution of the revenue from the Reebok contract to the athletes over the next five and a half years. The only revenue that is coming through from Reebok that is not included to be distributed to the fighters will be used to cover direct operating costs for this program.
– Lorenzo Fertitta (Vegas Gangster)
I went ahead and highlighted the most important part of that quote for you guys. So, Bugsy Seigel, exactly how much are these “operating costs”? – If it’s anything less than 85% of the money they are getting from Reebok, I would be very surprised.
So let’s think about this… Remember that little sponsor tax thing? Where the UFC was forcing companies to pay for the right to be able to sponsor one of their fighters in the cage? Here’s a quick refresher on that. The UFC was charging anything they wanted (based on a company’s size) to allow them to then have a fighter wear their gear in the cage. One vocal example was Americana MMA Apparel, who paid the UFC 50K+ per year to sponsor Cain Velasquez – and that’s a clothing company. How much do you think Nike had to pay to sponsor fighters in the cage? and every other company that wanted to sponsor a fighter for that matter?? This sponsor tax was stealing money directly out of the fighter’s pockets, and it amounted to millions of dollars for the UFC over the years.
Let me get this straight Lorenzo, not only is ALL this Reebok money (minus expenses) going right to the fighters, you’re also abandoning all the sponsor tax revenue that you’ve been siphoning off this whole time?
“Listen mac, I’m losin’ money on this deal, I tell’s ya”
I don’t buy it for a damn second…