3 Consecutive Losses = Instant release?
No. Depends entirely on the fight.
Does it matter if they come to fight?
Yes. If you're not trying to win your fights, you're not cut out for the business. I don't mind if they're on their backs and getting beaten up, if you're trying to get up and failing, you're still trying. If you're not trying, I'd consider cutting you.
Does it matter how close the loss is?
Yes. Especially as judges decisions are erratic as hell.
Does it matter if the fighter is a 'named' fighter?
Yes. I'd never cut a legend like Wanderlei, Crocop, Shogun, Rampage, Franklin.
How important is legacy?
Not important to me if I run the UFC. It's important to a fighter though.
The UFC claims to only have the best fighters, how important is it to remain true to this?
Once again, names are not important. I want to hear and discuss managing strategies.
It's important. It doesn't matter so much on the low end, you need low level fighters to give your up and comers fights against experienced fighters and ring experience. It matters a lot if there are fighters who people believe are top ten in their division yet not in my fight league. I'd be getting Eddie Alvarez signed up right now. I'd have got Fedor. I'd probably aim to have a monopoly and get the authorities on my back for it, but if there's a fighter out there who is top ten and not fighting in my league, they'd be on my hit list.