If I gave you $10K in casino chips, then you walk into the casino and get cash for it, would you report it to the IRS so they could take half of it?
And no one is dumb enough to deposit 10K+ in cash at a bank.
In all seriousness, locker room bonus is just a proof of how badly these MMA fighters/professional athletes are paid by UFC, but because the contract figure is so small, 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).
If the fighters were compensated better/more fair relative to UFC revenue and how much Dana/Zuff makes, there wont be any need for "under the table pay" or locker room bonus.
Who can live on 8k/8k these days? Rarely any fighter fight 3x a yr anymore due to injuries, event scheduling, etc. 8k to show pre tax wont even cover cost of training and personal/family expenses for the past 3 months preparing for the fight. Even 24k or 38k pretax is rediculously given fighitng 2-3x a yr max, and minus all the cost of training/trainers, manager, etc. ...Thats why "locker room" bonus is needed since 90% of the fighters wont be able to continue with the contract figure.
If I gave you $10K in casino chips, then you walk into the casino and get cash for it, would you report it to the IRS so they could take half of it?
And no one is dumb enough to deposit 10K+ in cash at a bank.
and why do we park on driveways and drive on parkways
whats the deal?
McCall and McCorkle on fighter pay.
http://www.mixedmartialarts.com/mma.cfm?go=forum_framed.frame&forum=1&thread=1940773&page=1
http://www.mixedmartialarts.com/mma.cfm?go=forum.posts&thread=2030162&forum=1&page=1&pc=140
Theres the proof really.
Any winnings over $2500 (I believe this is the number) and the casino brings you the IRS forms.
McCall and McCorkle on fighter pay.
http://www.mixedmartialarts.com/mma.cfm?go=forum_framed.frame&forum=1&thread=1940773&page=1
http://www.mixedmartialarts.com/mma.cfm?go=forum.posts&thread=2030162&forum=1&page=1&pc=140
Theres the proof really.
Reading comprehension pal.
Bingo. Dana White flaunts the "backstage bonus" as though it is some altruistic act that should be heralded and celebrated. The reality is that it's just a shifty power tactic that allows the UFC to pay most of their fighters chump change, while saying "You have no F'n idea how well we take care of these guys behind the scenes." All the while maintaining complete discretion on whom to pay and how much.
In all seriousness, locker room bonus is just a proof of how badly these MMA fighters/professional athletes are paid by UFC, but because the contract figure is so small, 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).
If the fighters were compensated better/more fair relative to UFC revenue and how much Dana/Zuff makes, there wont be any need for "under the table pay" or locker room bonus.
Who can live on 8k/8k these days? Rarely any fighter fight 3x a yr anymore due to injuries, event scheduling, etc. 8k to show pre tax wont even cover cost of training and personal/family expenses for the past 3 months preparing for the fight. Even 24k or 38k pretax is rediculously given fighitng 2-3x a yr max, and minus all the cost of training/trainers, manager, etc. ...Thats why "locker room" bonus is needed since 90% of the fighters wont be able to continue with the contract figure.
I obviously have no idea of the mechanics of the locker room bonuses outside of what I have read (which are generally 2nd or 3rd hand reports).
what I will say is that most of us would be pretty puzzled if this sort of compensation model was applied elsewhere. For example, I think we would find it very strange if the Patriots quoted a super low salary for Tom Brady but then assured us that they "totally took care of him on the side". Same if your employer told you your wage was minimal but he would pay you a bonus if he felt that you had done well.
I don't think many industries would think that was a good deal. Even bonus laden professions like Private Equity and Investment Banking have a bunch of rules around what $ goes into the bonus pool and how it is distributed.
It's good to see fighters are getting more but it's still peanuts compared to boxing and boxing is basically dead.
95% of fighters have full time jobs..... name one fighter that "trains" 40 hours per week..... they all have side jobs bro, unless you are a big name, but then again even Carwin has a full time job on the 'side"
95% of fighters have full time jobs..... name one fighter that "trains" 40 hours per week..... they all have side jobs bro, unless you are a big name, but then again even Carwin has a full time job on the 'side"
95% of fighters have full time jobs? Source pls, ur kidding right? Also, why should they do full time jobs if they're a professonal fighter for the biggest MMA organization/promotion in the world? If 95% of UFC fighters do have (or need) other full time jobs, then I guess the landscape of MMA in terms of fighter compensation is even more sad than I thought.
Carwin always had a full time job as an engineering because MMA pay and job stability both sucks. And who the heck metioned trains 40 hr/week?