You missed my point champ. The bonus was $75K minus half to Uncle Sam.
If he used the entire post tax amount, that would put him at less than $200K/yr gross taxable income, assuming he didn't have dividend income or 100 dependents.
He fought 5 times with 4 bonuses in 2011.
I'm not sure how you would expect anybody to get that point from what you wrote champ. lol
Its just a way to control the fighters and something to tell fans who whine about fighter pay.
Reading comprehension pal.
And they're at least 10x contracted pay on average. Most UFC fighters make 7 figs even though all the AC's report is 6k/6k.
No dude, there are lots of educated people on this site, and I am not sure anyone gets the point. He paid his taxes owed with money he earned. What is the point?
I don't believe the IRS thing. Because they would have become wise to that by now... Makes no sense.
Very much this! Because the contract figure is so small for 90+% of the fighters, they have to compensate them behind the scenes on a discretionary basis (meaning, not guaranteed, toally up to Zuffa, which gives fighter less security, but all the power to the organization, great if ur Dana, opposite of great if ur a pro fighter)...
its all about control and bargain power...UFC has too much, and fighters almost none... Great eh... very much unlike any other pro sport out there...and people wondering when MMA will be mainstream and attract top athletic talents...never (with the current structure)
and people wondering when MMA will be mainstream and attract top athletic talents...never (with the current structure)
So what's the deal with backdoor bonuses?
Well the general idea is that if fighters do get locker room bonuses then they don't report it to the IRS. Based on Cerrone's comment only...
agreed. it leaves fighters beholden to the random generosity of dana and the ufc. not the way that a true professional organization should run.