Lorenzo destroying FPWs (Fighter Pay Warriors)

[discrawg]

Would be interesting, & up for discussion if the figures could be verified. Unfortunately TS has plucked these seemingly at random.

 

[KTO]

Dana and these brothers are scum. I hope they get theirs someday and karma rams it up their behinds so hard.

They probably wont. And karma doesn't exist. Deal with it yo.

 

[Coolidge]

Dana and these brothers are scum. I hope they get theirs someday and karma rams it up their behinds so hard.

Leftists are so emotionally unstable and have such a violent mentality. 'They're not paying fighters what I think is fair *pout*. They're scum. *tear*'

 

[philweed]

Yet still the fighter crybabies demand to see UFC financials. LOL. Hilarious.

 

[dertdent]

The $100 million is pretty accurate according to the Bloody Elbows report that so many point to on Sherdog.
That report said its about 15% (salary %)
So in 2015 that is about $100 million

UFC has not been $8 & $8 in years.
It is $12 & $12 now (a 50% difference)

The report says that Lorenzo Fertitta said that the total money paid out to fighter from 2005-2011 was more than $250 million. Nash rounded this up to $300 million and estimated UFC revenue at 1.839 billion, giving 16.3% to the fighters. During that period revenues peaked at $424 million for 2010, which is much less than the $600 million figure for 2015.

http://www.bloodyelbow.com/2015/10/...odys-and-standard-poors-tell-us-about-the-ufc

 

[FrankieNYC]

The report says that Lorenzo Fertitta said that the total money paid out to fighter from 2005-2011 was more than $250 million. Nash rounded this up to $300 million and estimated UFC revenue at 1.839 billion, giving 16.3% to the fighters. During that period revenues peaked at $424 million for 2010, which is much less than the $600 million figure for 2015.

Yes 2014 was less over-all, that does not mean the % was down.
Fighter pay went up 20% for prelim fighter (for example) & fighters like Conor & RR made a lot more money.

 

[dertdent]

Yes 2014 was less over-all, that does not mean the % was down.
Fighter pay went up 20% for prelim fighter (for example) & fighters like Conor & RR made a lot more money.

2014 income was 522 million, the highest to that point.

 

[FrankieNYC]

2014 income was 522 million, the highest to that point.

I meant 2010.
Same logic applies & even more so since fighter pay went up 50% from $8k to 12k

 

[serr]

I'm pretty sure most of the informed fans are aware of this, but here is Lorenzo himself spilling the beans on what the UFC is actually making. According to him 2015 was a record year for the UFC. He said the company generated $600m in revenue in 2015. Lorenzo then goes on to point out that the UFC has to pay for promoting and staging all of their shows. It would be reasonable to assume that about half of all revenue goes to pay for business expenses. That leaves about $300m, or maybe less considering I don't know what the UFC's tax situation is like. If one were being reasonable it would be safe to assume the UFC in their best year made about $250m in pure profit. So when you add that to the fact they pay about $100m in fighter salaries and bonuses every year, it would be fucking mental to claim they aren't paying fighters fairly. So I Hope the FPWs chill out already.

Wow $600M a year in revenue and they fuck over all the fighters' sponsorships for a $70M over 6 year deal with Reebok. TS I don't buy anything the UFC says. This is a terrible deal in every way, fighters would make so much more with their own sponsors, and it would cost the UFC like 11M a year. FFS, they could even take like 10-15% of individual sponsorships and lap that $70M in the first year, with all parties happy. How fucking stoned were they when they made this deal.

 

[Was at Pride GP 2000]

MLB, NFL, NBA ... They all have substantial costs including owning freaking stadiums , TV networks and minor league teams and parks. Yet they manage to fairly pay their athletes.

The Fertitas aren't owning anyone but the fighters. But until the fighters stand up and unionize I can't be bothered anymore.

Not really man. They are building a new NBA arena where I live and the team doesn't own that. Matter fact I am part owner. Taxes pay for a lot of that cause the city and state realize how much business it brings to the city.

 

[dertdent]

I meant 2010.
Same logic applies & even more so since fighter pay went up 50% from $8k to 12k

There is a huge difference between fighter pay as a percentage of revenue and minimum pay raises. A 10k raise for every fighter on a card, assuming 450 fights x 2fighters x10,000= 9 million gain, which is a drop in the bucket compared to $600 million(1.5 percent gain).

 

[HI SCOTT NEWMAN]

The way I see it is if a fighter agrees to fight for a set amount of money than what are they getting upset for if someone's making more. U put your price on your own worth. Get in there whip some ass make some noise then your stock will increase.

Exactly. no one forces them to sign anything. You have to work your way up if you want to earn more. UFC pay enough out.

 

[Number1StockBroker]

No one is conscripting these fighters into the UFC, and 300 fighters cannot make GSP compensation. Now if a person has this information before making it on the roster, what's the gripe? Is this what people do at their job? Is this how business is supposed to work? Mcdonald's won't pay me 60K a year, so I'll take the 15K job anyway, and complain about it on Sherdog.

It's amazing how munificent everybody is with the UFC's money. We're all here in our underwear at 3 in the morning on Sherdog, discussing how foolish the UFC brass is. I wonder how many people who carp about this, steal every PPV, or complain about the monthly fee for Fightpass?

So you are telling me it is okay if the UFC paid all its' fighters 10k plus 10k to fight just because it is "their" money? The main product for the UFC are the fighters not the owners like Dana or Lorenzo and the main product for Mcdonalds is the food not the employees so why you would use Mcdonalds to try to prove a point when talking about fighter pay is idiotic.

I dont believe you understand the concept of what the product is for each business like UFC or Mcdonalds. Maybe instead of arguing and trying to give examples you should get familiar with that.

 

[suffersystem]

The brand is more important than the fighters though. The UFC can always find more fighters, fighters can't always go to another org. and make the same money. Most time sin fact it is worse.

 

[DaGenius]

Until the fighters are prepared to deal with the short term loss of income as well as the significant public backlash that would come from it, they get what they get until they collectively bargain with ownership.

 

[Jkaylor]

FPWs... Lol well played

 

[storeybuckle]

This guy should talk more for the company instead of that moron Dana, he's actually professional.

When Dana talks its like he's trying to sell you soap on an infomercial

One might call him a "promoter"
It's unbelievable that Dana would try to sell something doesn't seem like his job does it !? What a moron haha

 

[Skip Reming]

MLB, NFL, NBA ... They all have substantial costs including owning freaking stadiums , TV networks and minor league teams and parks. Yet they manage to fairly pay their athletes.

.

Do you think they generate the same revenue???
Let's be a little less ridiculous here.
Also, the ufc has hundred's of fighters under contract.
The only thing wrong they are doing is with the reebok shit.

 

[Toxxus]

The issue is the distribution. Doing the following:
Fighter 1 - $5,900,000
Fighter 2 - $80,000
Fighter 3 - $20,000

Dana - We pay our guys an average of $2,000,000 a year you goofs. What can we do?

 

[DontWaitUp]

"So you are telling me it is okay if the UFC paid all its' fighters 10k plus 10k to fight just because it is "their" money?"

The UFC could CHARGE people 20K to work for them if they wanted to. They can pay whatever the hell they want. The fighters are private contractors, and if they don't like the pay, they can go somewhere else. The UFC isn't employing children. These are grown men and women who AGREE to a base salary, in the hopes of making it to the top. Got that? They AGREE to what they are being paid. "Oh, but that's not right." According to who, you? It's not your money dingus. And by the way, how can everyone earn GSP compensation? How is that possible exactly?

Do you know why you have a problem with this? Every ponder why you're so beneficent with the UFC's monetary payout. I'll tell you why. Because it's not your money. You have no skin in the game. Is this how business is conducted where you work? Do the employees at your job AGREE to a salary, and then rail about the parsimonious nature of the company? What company allows the employees to make the salary.

"The main product for the UFC are the fighters not the owners like Dana or Lorenzo and the main product for Mcdonalds is the food not the employees so why you would use Mcdonalds to try to prove a point when talking about fighter pay is idiotic."

I have to agree with you on this one. Comparing UFC private contractors (they aren't employees genius) to Mcdonald's food is absolutely brilliant. What business savvy you possess to simplify such a sagacious concept. You totally missed the point. No one AGREES to work at Mcdonalds for 15K, and carps about the injustice of not making 60K. I suppose you think $15 an hour is brilliant.

"I dont believe you understand the concept of what the product is for each business like UFC or Mcdonalds. Maybe instead of arguing and trying to give examples you should get familiar with that."

Right. My problem is I'm not understanding your astute theories. They've been so erudite up to this point. Fortunately I have you to explain them to me. It's not that your unable to follow the bouncing ball. No, no, no, I'm just too argumentative. Now I get it. Your avatar says it all pal. For you, every rich business man is Dicaprio's character in The Wolf of Wall Street. Who you voting for in the next election? Let me take a wild guess.