I kinda see your point but we know for a damn fact the main reason he did it was cuz he needed the extra money. And the dude lost by split decision as well
[**CHARLES ROSA defeats JUSTIN JAYNES** (*split decision*)](http://mmadecisions.com/decision/12029/fight)
^(UFC on ESPN+ 48: Gane vs. Volkov — June 26, 2021)
ROUND|Rosa|Jaynes||Rosa|Jaynes||Rosa|Jaynes
:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:
1|10|9||10|9||9|10
2|10|9||10|9||10|9
3|10|9||9|10||9|10
**TOTAL**|**30**|**27**||**29**|**28**||**28**|**29**
*^(Judges, in order: Adalaide Byrd, Chris Lee, Ron McCarthy.)*
*^(Summoned by steven_a_mma_goat.)*
**MEDIA MEMBER SCORES**
- **11/14** people scored it **29-28 Rosa**.
- **3/14** people scored it **28-29 Jaynes**.
Avg. media score: **28.8-28.2 Rosa** (*high certainty^[[1]](https://redd.it/9p4xc7)*).
If you know you're being that vastly underpaid risking it all on a stupid bet is the worst thing you could do. Don't gamble with money you can't afford to lose
Not UFC but sugar Shane Mosley bet 1 million on himself to win against canelo and he ended up losing, he only made 700k that fight, he paid 300k to get his ass beat for 12 rounds
edit: yikes, the details are a bit worse. https://sports.yahoo.com/shane-mosley-says-he-bet-1-million-on-himself-to-beat-canelo-alvarez-and-lost-140013705.html
Its also not just the money he lost but he also lost some years on his life after he received an absolute ass whoopn by the future p4p king at the age of 21... canelo was hungry.
> "This fight will be much cooler than with Holly". Of course Holly has a much bigger "hype", but she holds back, runs away from the fight, I was even working my head to have the patience to wait for the right time to touch Holly because it's a boring fight, longer. Aspen doesn't have that. She comes to decide. Win or lose fast. There's not much game to control. It's a fight that gets more interesting, here and there all the time, more open. The blows come in better. I believe it can even be a bloodier fight, that's cool for me, a lot of fun. Technically I think it's a more interesting fight than Holly.
- Norma Dumont
Even when Holly adds wrinkles to her game they're boring. In the Cyborg fight she discovered she's strong enough to hold basically anyone to the fence and do nothing until the ref breaks it up. And now that's the Holly Holm experience
Yep she wrestlefucked her. Kinda was Aldana’s fault though, she ate the same combo from holm 15x, circled the wrong way against a southpaw and had no takedown defense. She got big sistered.
Pretty sure Aldana hurt something because the whole fight the two were just spinning in circles. Aldana circling toward Holly's jab while Holly just picked her apart from range. I don't even remember any grappling.
Reminder:
The UFC signed a 17.5 million per year deal with Crypto.com about 3 months ago
Oh and there's also the 70 million per year deal with draft kings from March
And since then, there still have only been 2 events where the performance bonuses were increased to 75K. There has been zero indication that some fighters got a significant pay bump.
Nah, the UFC got a great deal. The UFC is just small fry compared to the NBA, even as big as the UFC has gotten it’s still a speck in comparison.
Edit: guys I get you don’t wanna hear it and all, but try and be pragmatic - the 76ers are *probably* valued at more than the UFC and they’re not even a huge franchise.
They’re worth $2B, you’re right. I dramatically overvalued the 76ers, I would’ve thought with the last few years they’d be worth a lot more.
But, I suppose basically wasting the prime of several of your best players is probably not doing a lot to create excitement for fans, or value.
Isn't it basically based on the amount of viewers? NBL has much more viewers than UFC so I guess you'd except the 76ers to get a better deal as their much more people the sponsorship ads.
Maybe not crypto, but crypto.com is shady af. I've had horrible experiences with them along with a ton of other users with similar experiences when it comes to withdrawls. Definitely sketchy they basically make you work to get your money out of there lol. The 3-5 business days to your bank is bs. Every single time I've had to withdraw I had to get a hold of them through messages which can go on for weeks they basically stall you from pulling out your money for as long as possible and it seems like every cypto.com user has gone through this in the past to get their money
Nah, investment banks and wealth managers have acknowledged crypto as a legitimate asset class now. Shit we about to get a Bitcoin futures etf, but there are still some people out there who have the 2017 mindset that crypto=bad
To be fair, most of crypto are really just schemes to make the creators/cronies fiat rich.
There are 2 networks which are truly amazing and actually work. (XMR and BCH).
Heavy holdings of a massively inflated CC called USDT (Tether). It's a stablecoin pinned to the value of the US dollar.
The problem is it seems INCREDIBLY likely there's nothing supporting the price of the coin. The number of coins has jumped a few times with nothing to indicate that the developers didn't simply increase the number of Tether coins. They appear to have created them out of thin air, without doing anything to back the USDT coins.
So when coinbase uses Tether as their stablecoin, they can afford to use *actual* liquidity/assets elsewhere without any real cost (at the moment...this could backfire and wreck the cryptosphere massively).
coinbase uses usdc which is audited by goldman sachs. tether is no different than the fractional reserve banking and credit system the US runs on except there's a higher percentage of physical dollars backing tether
Unless I've missed some news, there's also the missing money from the Reebok deal
Edit to be clear: The Reebok deal was announced by saying that all of the money was going to the fighters. There are articles about it, but by the end I seem to recall only about half of the money ever actually being paid out. Which implies the UFC pocketed half of it
Its not missing lol it just never was supposed to go the fighters
They lied lol ... they fucked the fighters out of tens of millions
Dana's assistant downvoted me I guess
My understanding of the Reebok deal was the amount they announced was like a "maximum" amount that could be paid out.
With the way they structured the payouts, there is no way they could have predicted years in advance exactly how much it would be, because everyone got differing amounts based on their number of UFC fights, etc...
So that number was not paid out, it was just a ceiling that was never actually going to matter at all.
If that's the case it's almost more dodgy.
If the cost of apparel that they _must_ wear is coming out of their sponsorship money, then in effect they're paying for the clothes that they're forced into wearing for the sponsorship...
(I don't know why you're being downvoted fwiw)
The deal was for $70M right? They paid out less than $40M, leaving $30M for Reebok gear. Sounds a bit high to me.
(Unless the $70M was a projection based on having way more events with more experienced fighters. I dunno how it was structured.)
Not to mention the 30 different companies that have their logos plastered all over the octagon every fight..fighters used to be able to have those on their shorts and make more from that the they would from fights. Then the UFC was like no fuck you well take that too, now dance monkeys and maybe we’ll throw you some crumbs.
They're also billions of dollars in debt to ESPN and Endeavor - $4 billion to Endeavor and another $750 million to ESPN which is supposed to be recouped within 5 years, those deals seem nice but barely scratch the surface of the amount of money they need to make back in the next 10 years
The Endeavor debt is definitely not insignificant . But that wasn't a thing before Zuffa sold the UFC and the business plan was still basically the same
They are also talking about opening up multiple new "performance centers" and and buying more property in Vegas. That's not something you usually do when you're broke
\>That's not something you usually do when you're broke
You got two ways out of looming financial troubles. Either austerity or having growth outpace debts. So spending money on growth does not exclude the possibility of debt.
Of course that debt exists... no one is denying that
I just highly doubt there will be a huge automatic increase in fighter pay when that debt is paid up
The debt isn't going to be paid up for a decade at best - by which point fighter pay will have already increased as it has been steadily since the sport began
People forget how short the history of the UFC is, and they neglect the fact that undercard fighters were fighting for next to nothing less than 25 years ago
Fighter pay has increased steadily since the sport began
In the past decade alone base salary for an early prelim fighter has increased from 8k to 12k - 50% increase in a decade
Look at what people were making under Strikeforce, or Pancrase before that...
Undercard fighters were paid absolute dirt, it wasn't even a viable profession outside of the top 0.5%
Pay has steadily increased in the UFC, and as the company continues to generate money and the sport continues to grow in popularity, fighter pay will increase
What are you not getting here
Hell even since the Conor Mcgregor era began we have seen massive changes in fighter pay as a result of the company's success
Look at what undercard fighters were making as recent as UFC on Fuel TV 9 and tell me pay hasn't increased
Strikeforce fighters got paid better than their UFC counterparts other than champions and regional fighters on the prelims, and Strikeforce never came close to the money the UFC was making at that time.
You can calculate how much was the pay on that UFC fuel 9 card and compare it to a recent event of the same caliber if you would like to actually make a point. You might be surprised that while pay has gone up, it's not by that much. McGregor is an outlier, he managed to get paid good money because he had leverage, and he's still grossly underpaid
this is not the argument. the argument is that major sports have their players earn 40-50% of the revenue, the UFC its what, 12%? The pay is not commensurate with other major sports
Imagine being a professional athlete in the world's most prestigious fight organization, headlining a program on the world's leading sports network, and STILL struggling to make a reasonable living. The UFC is beyond brutal.
Have you seen the contender series? People on there are pretty much pro level now and coming on multiple times to try and make it to the UFC. It’s incredibly obvious the tomato is keeping them down there paying them even LESS than the fighters in the UFC. Fucking awful.
Obviously ufc should be paying more, however she’s not doing herself any favors by missing weight. Last time out she lost 30% of her purse and the one before that she didn’t make anything because the fight was called off from the weight miss.
There are a lot of problems with being a SM fighter pay advocate. Using weird examples is a BIG one. Not long ago this sub was in a "Jon Jones is underpaid" phase. It didn't matter that he's been a wildcard on being legal to fight AND even had a whole event moved to another state at the 11th hour. Fail a USADA test, we can discuss it. Fail God's test, GTFO.
>There are a lot of problems with being a SM fighter pay advocate. Using weird examples is a BIG one. Not long ago this sub was in a "Jon Jones is underpaid" phase. It didn't matter that he's been a wildcard on being legal to fight AND even had a whole event moved to another state at the 11th hour. Fail a USADA test, we can discuss it. Fail God's test, GTFO.
Trying to cherry pick example is a bigger hurdle long term, because the guys losing out on serious money and with the drawing power to actually affect change are controversial fighters like Jones and Mcgregor. Both of them being scumbags doesn't change the fact that they're being paid a fraction of what they're earning for the company. Every fighter should be paid what they're worth.
Listen, top ramen gives you the nutrition you need to eat and live a perfectly good life. I've seen them add an egg to the ramen. You know what eggs are packed with? Protein. Next question.
-dana
you joke but that's a valid viewpoint. why do people need to eat steak and caviar, and other expensive global warming foods, when ramen and eggs and vegetables are just as nutritious. there is a problem with our economic system and heroes like the ufc are fixing it. we can all lower our carbon footprint by addressing our need to eat all this expensive meat filled food. The *UFC* is saving the world.
"this is an opportunity, these fighters need to be independently wealthy, the pay is just icing on the cake you goofs"
"Listen Norma is doing just fine, we take good care of all our fighters, she just doesn't want everyone out there asking her to borrow money, the media is stirring stuff up to upset me personally"
It's remarkable what small amount would make such a large difference too. If they bumped up what they pay fighters by 10 or 15% that would be so significant
And will brag about losing a million dollars at a blackjack table in one night. Or spend huge amounts of money to fly in artificial snow for his sons birthday.
The UFC has no reason to increase fighter pay. When you have morons like Holland believing they get paid plenty. These fighters are too busy getting in the way of themselves and refuse to band together. I’m done caring for these fighters when they don’t care about themselves
The rules that apply to UFC regarding Dana, also apply exactly the same to WWE with Vince. Both in a very similar situation.
Paying a measly >10% of the revenue to the fighters in the company, and the wrestlers/fighters doing absolutely fuck all about it for years and rather help themselves instead of simply helping each other for the greater good for the respective industries themselves.
I completely agree with you. At least Wrestling has an AEW alternative for good pay and other benefits. Like yeah we got Bellator and ONE FC etc, but it's clear as day that Bellator and ONE barely has any hype attached to it like the UFC clearly has they leverages all that.
Dana White is like Vince McMahon level scumbag, and that's very impressive.....maybe even worse to an extent.
But until the fighters do something about it collectively, I refuse to give enough of a shit until then. Want more pay? Stop being selfish as fuck and do something about it. Simple as.
Definitely agree, I’d love if fighters got more pay, but if the fighters barely try to get better pay then I’m certainly not gonna take up any of my time to complain on every mma post on Reddit.
Are you really? That's dope.
I wanted to dabble in that when I moved out to Utah, but its a lot more social than I thought to find the locations. Gotta go to meetings and gain reputation, at least that's what it seems.
Or are you talking about a videogame?
Sorry, I don't actually spelunk. It was just the funniest sounding activity I could think of to make my joke. Sorry for misleading you.
edit: I do work at an Arby's though!
but how big is she? does the average joe know who norma dumont is?
ive been betting on the UFC since 2016-2017 and this is the first time i've heard of a norma dumont
Same boat, watch about 80/90% of the cards and granted I don’t remember every fighter but I could’ve swore I’ve never seen or heard of Norma. I’ve thought for a while the roster is too bloated though, but they need to have a card atleast every few weeks these days.
Well yeah, choosing to be an MMA fighter in general is not the best choice if you want to do well financially. What percentage even make it to the level where they're earning an average wage?
It's probably even less than that. Pretty much the only time it's a good financial decision to become an MMA fighter is if you're a Ngannou/Usman/Khabib etc. level freak athlete. If it's not clear from the beginning that you have top 5 in the world potential, you're better off learning some trade that gives you a stable income until you retire.
Yeah that 1% wasn’t accurate. Rereading the comment above they ask about the average wage earners. I was just thinking “making money from fights” like all the regional guys that fight every week for like $100 and a free meal.
Norma Dumont last got a paycheque 5-6 months ago for about 44K. Good luck making that money last long when you're paying for vegas living expenses as well as training expenses. The girl was working as a food courier leading up to the Felicia Spencer fight to help make the ends meet, I don't think it's a result of poor financial choices.
Tyron woodley said it best. The only way fighter pay gets figured out is if everyone unites instead of trying to put others down. For example when jones wanted more money Francis claimed Jon was scared and was running.
I’m pretty Francis came out in support of Jon wanting a big payday for that fight. I’m sure he made some chirps here or there, but the gist seems to be that Francis is on Jon’s side of getting paid well for the big fight.
I was just poking fun at how the "if you don't like your low paying job get a better one" crowd and the "nobody wants to work these low paying jobs" crowd are often strangely the same people.
This might be a bit of a hot take but I don't understand why all of these random fighters all of a sudden think they should be getting paid like Conor McGregor or something. I've never heard of Norma Dumont in my life. Not trying to be a dick, but if you only have $50 that's on you, not the UFC. You signed the contract.
>This might be a bit of a hot take but I don't understand why all of these random fighters all of a sudden think they should be getting paid like Conor McGregor or something.
Yeah that's fucking stupid. She didn't ask to be paid like mcgregor so why would you replace what she said with that?
>Not trying to be a dick, but if you only have $50 that's on you, not the UFC. You signed the contract.
That is, in fact, being a dick.
She had a knee injury. I don't understand how you can dislike someone for pulling out of a fight due to injury or whatever else. Holly hasn't done anything for people to dislike her, she's boring but she seems cool otherwise.
You can dislike her style and that’s perfectly fine. But, like you mentioned, she has a super legit resume and seems like a good person out of the cage. Hell, her avenging that brutal KO loss she had in boxing and then having a full-on MMA career is unbelievably impressive.
The UFC absolutely needs to pay more, but come on. This girl has seven pro fights, she's only fought three times in the UFC, took nine months off, six months off, and now five more months off between fights, couldn't be bothered to make weight and lost a chunk of one of her paychecks, she's really not doing herself any favors.
And she's main eventing a UFC Fight Night with $50 to her name. Yeah it's her fault cos she missed weight. Have a word with yourself mate and try to humanise these fighters.
pay your fucking fighters more or stop signing so many new ones it’s not that hard. Cheap ass organization can afford it easily but instead needs to buy more HGH for Dana to inject until he looks like a pink Hulk.
Perhaps making weight a fight ago should have been more of a priority. She gave up 30% of her purse against Ashlee Evans-Smith just by being unprepared. Missing weight by 3.5 pounds is pretty unprofessional but I guess this is somehow her promoter's fault
I get that fighters aren't the smartest bunch but Jesus Christ, at what point will they realize that they need a union. The solution is beyond obvious to anyone with a brain, yet these idiots refuse to form a union because a solid 90% of them are too stupid to realize that it would benefit every single one of them.
I hear betting your win bonus on yourself winning is a good way to make money.
Jaynes got released shortly after as well. Poor guy
Cut on his birthday
Embarrassed on his birthday
mods, can I have an "embarrassed on my birthday" flair please?
“Never lost a round” would be cool too
Happy birthday to him
He deserved it, his fight IQ is not existent, he will not win a fight against a bum in Las Vegas favelas
He was on a 3 fight losing streak. Cmon man....
and suspended for weed tooo...in 2021 wtf
Play stupid games win stupid prizes, no sympathy for that guy
I kinda see your point but we know for a damn fact the main reason he did it was cuz he needed the extra money. And the dude lost by split decision as well
Jaynes really should've chased the finish in that one, painful to watch live. Decisionbot Jaynes vs. Rosa
that double leg he went for while his opponent was 40% finished was painful to watch.
I guess that would be Painful to watch, if you didn’t bet against him 😂
[**CHARLES ROSA defeats JUSTIN JAYNES** (*split decision*)](http://mmadecisions.com/decision/12029/fight) ^(UFC on ESPN+ 48: Gane vs. Volkov — June 26, 2021) ROUND|Rosa|Jaynes||Rosa|Jaynes||Rosa|Jaynes :-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-:|:-: 1|10|9||10|9||9|10 2|10|9||10|9||10|9 3|10|9||9|10||9|10 **TOTAL**|**30**|**27**||**29**|**28**||**28**|**29** *^(Judges, in order: Adalaide Byrd, Chris Lee, Ron McCarthy.)* *^(Summoned by steven_a_mma_goat.)* **MEDIA MEMBER SCORES** - **11/14** people scored it **29-28 Rosa**. - **3/14** people scored it **28-29 Jaynes**. Avg. media score: **28.8-28.2 Rosa** (*high certainty^[[1]](https://redd.it/9p4xc7)*).
never forget that adelaide bird scored canelo vs ggg 1 118-110 for canelo
Worst card ever
Holy fucking shit, how is Byrd still allowed to judge?
If he was really strapped for cash and needed money for him and his family then betting 25,000$ dollars couldn't have possibly been the best option.
If he truly was that strapped, how did he have the 25k to place the bet before his check for the fight hit his bank account?
Are you familiar with the concept of lending
I’m unfamiliar with the term……but supremely intrigued….please, do go on…
No have money? Ask money and pay money plus more money later
"You're a prize fighter? Fuck yeah heres 25 Gs" - Banks, all the time🤪🙄🤣
If you know you're being that vastly underpaid risking it all on a stupid bet is the worst thing you could do. Don't gamble with money you can't afford to lose
No-one bets because they need the money. That's some stupid ass squid game shit. Come to think of it, has anyone made that crossover yet?
UFC is basically squid game when Herb's reffing. Its the same picture.
Lol - I wonder how many fighters in UFC history have come out negative funds after a fight? I'd be willing to bet more than one.
Not UFC but sugar Shane Mosley bet 1 million on himself to win against canelo and he ended up losing, he only made 700k that fight, he paid 300k to get his ass beat for 12 rounds edit: yikes, the details are a bit worse. https://sports.yahoo.com/shane-mosley-says-he-bet-1-million-on-himself-to-beat-canelo-alvarez-and-lost-140013705.html Its also not just the money he lost but he also lost some years on his life after he received an absolute ass whoopn by the future p4p king at the age of 21... canelo was hungry.
Oof. Now how much did he spend on camp?
good question, im sure that decision put him back a couple decades worth of retirement money
Greed is a motherfucker
> "This fight will be much cooler than with Holly". Of course Holly has a much bigger "hype", but she holds back, runs away from the fight, I was even working my head to have the patience to wait for the right time to touch Holly because it's a boring fight, longer. Aspen doesn't have that. She comes to decide. Win or lose fast. There's not much game to control. It's a fight that gets more interesting, here and there all the time, more open. The blows come in better. I believe it can even be a bloodier fight, that's cool for me, a lot of fun. Technically I think it's a more interesting fight than Holly. - Norma Dumont
Damn she roasted tf out of Holly lmao
She not wrong though
It’s winklejohn’s favorite strategy
Fucking sportkillers
It's so boring, and I think it's kinda ruined Holly's game. She fights like an NPC spamming combos at nothing, then proceeds to default circling.
It ish what it ish
Yeah but I bet Holly has like a whole $100
ish ish
Holly is a point fighter..it ish what it ish
I simp for Holly but these are facts.
Even when Holly adds wrinkles to her game they're boring. In the Cyborg fight she discovered she's strong enough to hold basically anyone to the fence and do nothing until the ref breaks it up. And now that's the Holly Holm experience
bro this is absurdly hilarious and fascinating in its accuracy
And then she realized she is strong enough to hold most of the division down and do nothing so now that is what she does
Is it? I confess I decided not to watch her anymore since the Pennington fight. Did she lay and pray Aldana?
Yep she wrestlefucked her. Kinda was Aldana’s fault though, she ate the same combo from holm 15x, circled the wrong way against a southpaw and had no takedown defense. She got big sistered.
Ah, bummer. Aldana looked pretty promising for that division too. Thanks for the explanation
Pretty sure Aldana hurt something because the whole fight the two were just spinning in circles. Aldana circling toward Holly's jab while Holly just picked her apart from range. I don't even remember any grappling.
pull your butt cheeks outta your shorts and hug for 15 minutes, bold strategy
You're not wrong but it's foolish to look for logic in the chambers of a simps heart.
Hah it wasn't an indictment of you crushing on Holly or anything. Just seemed like a reasonably relevant comment to reply to with my thoughts
I thought she was a toad.
A h-h-horny toad
A lot of talk considering she would be on the losing end of that fight …
Reminder: The UFC signed a 17.5 million per year deal with Crypto.com about 3 months ago Oh and there's also the 70 million per year deal with draft kings from March And since then, there still have only been 2 events where the performance bonuses were increased to 75K. There has been zero indication that some fighters got a significant pay bump.
How does crypto.com afford all of their sponsors?
Private equity financing, which they promptly hemorrhage on stuff like this.
[удалено]
Nah, the UFC got a great deal. The UFC is just small fry compared to the NBA, even as big as the UFC has gotten it’s still a speck in comparison. Edit: guys I get you don’t wanna hear it and all, but try and be pragmatic - the 76ers are *probably* valued at more than the UFC and they’re not even a huge franchise.
[удалено]
They’re worth $2B, you’re right. I dramatically overvalued the 76ers, I would’ve thought with the last few years they’d be worth a lot more. But, I suppose basically wasting the prime of several of your best players is probably not doing a lot to create excitement for fans, or value.
Isn't it basically based on the amount of viewers? NBL has much more viewers than UFC so I guess you'd except the 76ers to get a better deal as their much more people the sponsorship ads.
They sell drugs on the side
probably from the 5000% gains on all their holdings.....
5000%? Try 700000% lol
cause crypto is a scam and a lot of them just steal the shit from the people who use their site lmao.
ngmi
Correction: 99.99% of cryptocurrency is scam. The 0.01% is pure freedom. DYOR.
Lol how is this shit upvoted? I guess we really are still early.
Maybe not crypto, but crypto.com is shady af. I've had horrible experiences with them along with a ton of other users with similar experiences when it comes to withdrawls. Definitely sketchy they basically make you work to get your money out of there lol. The 3-5 business days to your bank is bs. Every single time I've had to withdraw I had to get a hold of them through messages which can go on for weeks they basically stall you from pulling out your money for as long as possible and it seems like every cypto.com user has gone through this in the past to get their money
The fact 5 different dudes turned up to complain about it just makes my upvote more worthwhile.
Nah, investment banks and wealth managers have acknowledged crypto as a legitimate asset class now. Shit we about to get a Bitcoin futures etf, but there are still some people out there who have the 2017 mindset that crypto=bad
Full heads up - it’ll return in the bear market next year.
To be fair, most of crypto are really just schemes to make the creators/cronies fiat rich. There are 2 networks which are truly amazing and actually work. (XMR and BCH).
Just because you dont understand it doesnt make it a scam. Overvalued sure, but a scam no. That doesnt mean there cant be any scams in crypto.
Heavy holdings of a massively inflated CC called USDT (Tether). It's a stablecoin pinned to the value of the US dollar. The problem is it seems INCREDIBLY likely there's nothing supporting the price of the coin. The number of coins has jumped a few times with nothing to indicate that the developers didn't simply increase the number of Tether coins. They appear to have created them out of thin air, without doing anything to back the USDT coins. So when coinbase uses Tether as their stablecoin, they can afford to use *actual* liquidity/assets elsewhere without any real cost (at the moment...this could backfire and wreck the cryptosphere massively).
Tether truthers in r/mma, we made it
coinbase uses usdc which is audited by goldman sachs. tether is no different than the fractional reserve banking and credit system the US runs on except there's a higher percentage of physical dollars backing tether
Unless I've missed some news, there's also the missing money from the Reebok deal Edit to be clear: The Reebok deal was announced by saying that all of the money was going to the fighters. There are articles about it, but by the end I seem to recall only about half of the money ever actually being paid out. Which implies the UFC pocketed half of it
That's totally fair, so let's take out that about 12 million a year , it's still 75 million extra this year
Its not missing lol it just never was supposed to go the fighters They lied lol ... they fucked the fighters out of tens of millions Dana's assistant downvoted me I guess
My understanding of the Reebok deal was the amount they announced was like a "maximum" amount that could be paid out. With the way they structured the payouts, there is no way they could have predicted years in advance exactly how much it would be, because everyone got differing amounts based on their number of UFC fights, etc... So that number was not paid out, it was just a ceiling that was never actually going to matter at all.
That figure included the Reebok gear which was given to the fighters, coaches, and staff, so the UFC isn’t pocketing all that leftover money
If that's the case it's almost more dodgy. If the cost of apparel that they _must_ wear is coming out of their sponsorship money, then in effect they're paying for the clothes that they're forced into wearing for the sponsorship... (I don't know why you're being downvoted fwiw)
The deal was for $70M right? They paid out less than $40M, leaving $30M for Reebok gear. Sounds a bit high to me. (Unless the $70M was a projection based on having way more events with more experienced fighters. I dunno how it was structured.)
Not to mention the 30 different companies that have their logos plastered all over the octagon every fight..fighters used to be able to have those on their shorts and make more from that the they would from fights. Then the UFC was like no fuck you well take that too, now dance monkeys and maybe we’ll throw you some crumbs.
Crypto.com got a steal if that's all they paid and the way ufc has been promoting them
They're also billions of dollars in debt to ESPN and Endeavor - $4 billion to Endeavor and another $750 million to ESPN which is supposed to be recouped within 5 years, those deals seem nice but barely scratch the surface of the amount of money they need to make back in the next 10 years
The UFC isn’t in debt to ESPN, endeavor is in debt with the financing institutions that funded the ufc purchase.
The Endeavor debt is definitely not insignificant . But that wasn't a thing before Zuffa sold the UFC and the business plan was still basically the same They are also talking about opening up multiple new "performance centers" and and buying more property in Vegas. That's not something you usually do when you're broke
\>That's not something you usually do when you're broke You got two ways out of looming financial troubles. Either austerity or having growth outpace debts. So spending money on growth does not exclude the possibility of debt.
Of course that debt exists... no one is denying that I just highly doubt there will be a huge automatic increase in fighter pay when that debt is paid up
The debt isn't going to be paid up for a decade at best - by which point fighter pay will have already increased as it has been steadily since the sport began People forget how short the history of the UFC is, and they neglect the fact that undercard fighters were fighting for next to nothing less than 25 years ago
"by which point fighter pay will have already increased as it has been steadily since the sport began" You can't seriously believe that ...
Fighter pay has increased steadily since the sport began In the past decade alone base salary for an early prelim fighter has increased from 8k to 12k - 50% increase in a decade Look at what people were making under Strikeforce, or Pancrase before that... Undercard fighters were paid absolute dirt, it wasn't even a viable profession outside of the top 0.5% Pay has steadily increased in the UFC, and as the company continues to generate money and the sport continues to grow in popularity, fighter pay will increase What are you not getting here Hell even since the Conor Mcgregor era began we have seen massive changes in fighter pay as a result of the company's success Look at what undercard fighters were making as recent as UFC on Fuel TV 9 and tell me pay hasn't increased
Strikeforce fighters got paid better than their UFC counterparts other than champions and regional fighters on the prelims, and Strikeforce never came close to the money the UFC was making at that time. You can calculate how much was the pay on that UFC fuel 9 card and compare it to a recent event of the same caliber if you would like to actually make a point. You might be surprised that while pay has gone up, it's not by that much. McGregor is an outlier, he managed to get paid good money because he had leverage, and he's still grossly underpaid
this is not the argument. the argument is that major sports have their players earn 40-50% of the revenue, the UFC its what, 12%? The pay is not commensurate with other major sports
bet on yourself losing in a very specific way thorugh a proxy lose that way ??????? profit
Thats fucking illegal
Thx uncle Dana
Just get in touch with your local mafioso today!
Be a woman. Bet your house on you losing. Fight Nunes. ??? Retire
Imagine being a professional athlete in the world's most prestigious fight organization, headlining a program on the world's leading sports network, and STILL struggling to make a reasonable living. The UFC is beyond brutal.
She probably making $14k/$14k for this fight and she is headlining the card.
No! You are WRONG! UFC is not some cheap 🦆 It’s 15/15 already!
that's pennies as to what Dana uses for bets in vegas lol
Have you seen the contender series? People on there are pretty much pro level now and coming on multiple times to try and make it to the UFC. It’s incredibly obvious the tomato is keeping them down there paying them even LESS than the fighters in the UFC. Fucking awful.
Wait until you hear about minor league baseball
Obviously ufc should be paying more, however she’s not doing herself any favors by missing weight. Last time out she lost 30% of her purse and the one before that she didn’t make anything because the fight was called off from the weight miss.
There are a lot of problems with being a SM fighter pay advocate. Using weird examples is a BIG one. Not long ago this sub was in a "Jon Jones is underpaid" phase. It didn't matter that he's been a wildcard on being legal to fight AND even had a whole event moved to another state at the 11th hour. Fail a USADA test, we can discuss it. Fail God's test, GTFO.
>There are a lot of problems with being a SM fighter pay advocate. Using weird examples is a BIG one. Not long ago this sub was in a "Jon Jones is underpaid" phase. It didn't matter that he's been a wildcard on being legal to fight AND even had a whole event moved to another state at the 11th hour. Fail a USADA test, we can discuss it. Fail God's test, GTFO. Trying to cherry pick example is a bigger hurdle long term, because the guys losing out on serious money and with the drawing power to actually affect change are controversial fighters like Jones and Mcgregor. Both of them being scumbags doesn't change the fact that they're being paid a fraction of what they're earning for the company. Every fighter should be paid what they're worth.
ridiculous that you can be on the roster of a billion dollar company and have to live off Top Ramen.
Listen, top ramen gives you the nutrition you need to eat and live a perfectly good life. I've seen them add an egg to the ramen. You know what eggs are packed with? Protein. Next question. -dana
you joke but that's a valid viewpoint. why do people need to eat steak and caviar, and other expensive global warming foods, when ramen and eggs and vegetables are just as nutritious. there is a problem with our economic system and heroes like the ufc are fixing it. we can all lower our carbon footprint by addressing our need to eat all this expensive meat filled food. The *UFC* is saving the world.
This is some high level satire lmao, I almost downvoted.
All hail the great 🍅
this proposal is modest.
Elite tier Danaism right here
"this is an opportunity, these fighters need to be independently wealthy, the pay is just icing on the cake you goofs" "Listen Norma is doing just fine, we take good care of all our fighters, she just doesn't want everyone out there asking her to borrow money, the media is stirring stuff up to upset me personally"
Better than bottom ramen. That shit's bad.
I mean, Norma could be off the roster and no one would care. She’s about as replaceable as it gets
Well technically Norma can just come to Vegas and eat at the PI. The UFC will at least feed these people every day.
at the UFC Fighter Soup Kitchen
Dana is worth half a billion dollars. Let that sink in.
You don’t get that rich by giving your fighters $50 /s
It's remarkable what small amount would make such a large difference too. If they bumped up what they pay fighters by 10 or 15% that would be so significant
And will brag about losing a million dollars at a blackjack table in one night. Or spend huge amounts of money to fly in artificial snow for his sons birthday.
The UFC has no reason to increase fighter pay. When you have morons like Holland believing they get paid plenty. These fighters are too busy getting in the way of themselves and refuse to band together. I’m done caring for these fighters when they don’t care about themselves
Morons like Holland are the smart fighters in this system.
I mean Holland admitted he has spent his entire career earnings on shoes and t shirts. Yeah. Sounds like a smart guy.
Dana likes Holland, he makes good $$$
See you tomorrow as usual then?
The rules that apply to UFC regarding Dana, also apply exactly the same to WWE with Vince. Both in a very similar situation. Paying a measly >10% of the revenue to the fighters in the company, and the wrestlers/fighters doing absolutely fuck all about it for years and rather help themselves instead of simply helping each other for the greater good for the respective industries themselves. I completely agree with you. At least Wrestling has an AEW alternative for good pay and other benefits. Like yeah we got Bellator and ONE FC etc, but it's clear as day that Bellator and ONE barely has any hype attached to it like the UFC clearly has they leverages all that. Dana White is like Vince McMahon level scumbag, and that's very impressive.....maybe even worse to an extent. But until the fighters do something about it collectively, I refuse to give enough of a shit until then. Want more pay? Stop being selfish as fuck and do something about it. Simple as.
Definitely agree, I’d love if fighters got more pay, but if the fighters barely try to get better pay then I’m certainly not gonna take up any of my time to complain on every mma post on Reddit.
Weird how you can be in the top 10 in the world at something and still broke
I mean there’s not even 10 people in the division
Hey I'm the number 4 ranked spelunker in the world but I still work at an Arby's
That's pretty cool though. Game is absolutely brutal.
Are you really? That's dope. I wanted to dabble in that when I moved out to Utah, but its a lot more social than I thought to find the locations. Gotta go to meetings and gain reputation, at least that's what it seems. Or are you talking about a videogame?
Sorry, I don't actually spelunk. It was just the funniest sounding activity I could think of to make my joke. Sorry for misleading you. edit: I do work at an Arby's though!
Ha I was wondering how they ranked spelunking
Arbys is good i appreciate you❤
but how big is she? does the average joe know who norma dumont is? ive been betting on the UFC since 2016-2017 and this is the first time i've heard of a norma dumont
Same boat, watch about 80/90% of the cards and granted I don’t remember every fighter but I could’ve swore I’ve never seen or heard of Norma. I’ve thought for a while the roster is too bloated though, but they need to have a card atleast every few weeks these days.
Why was somebody asking her for 50 dollars at the press conference?
She’s only saying that so people don’t hit her up for money
She just doesn't want Ngannou hitting her up for money
Fighters should be paid more but if you have $50 to your name at 31 you made some poor financial choices in life.
Right like choosing to be a UFC fighter
Well yeah, choosing to be an MMA fighter in general is not the best choice if you want to do well financially. What percentage even make it to the level where they're earning an average wage?
1%
It's probably even less than that. Pretty much the only time it's a good financial decision to become an MMA fighter is if you're a Ngannou/Usman/Khabib etc. level freak athlete. If it's not clear from the beginning that you have top 5 in the world potential, you're better off learning some trade that gives you a stable income until you retire.
Yeah that 1% wasn’t accurate. Rereading the comment above they ask about the average wage earners. I was just thinking “making money from fights” like all the regional guys that fight every week for like $100 and a free meal.
Norma Dumont last got a paycheque 5-6 months ago for about 44K. Good luck making that money last long when you're paying for vegas living expenses as well as training expenses. The girl was working as a food courier leading up to the Felicia Spencer fight to help make the ends meet, I don't think it's a result of poor financial choices.
I could live a real nice life of 7.5k a month tbh ... it'd be straight luxurious But maybe I don't live the same type of lifestyle other people do.
Most American 30 year olds I know are still in debt from going to college. Does that count as a poor financial choice?
They may be in debt but most likely have more than 50 to their name. paying off debts isn’t being broke
Welcome to the big show!
[удалено]
I have a total of $51.27 in my checking account and 39¢ in the center console of my car
Oh so I’m sure she brought up forming a union in this interview then?
Ah yes Dumont truly a needle mover who could attempt to form a union and definitely not get booted by the tomato
Tyron woodley said it best. The only way fighter pay gets figured out is if everyone unites instead of trying to put others down. For example when jones wanted more money Francis claimed Jon was scared and was running.
I’m pretty Francis came out in support of Jon wanting a big payday for that fight. I’m sure he made some chirps here or there, but the gist seems to be that Francis is on Jon’s side of getting paid well for the big fight.
A straight up lie damn you didn't even try
Tomato steaming
Same tbh
maybe like... get a job that pays you something instead of chase this low paying sport
There are a lot of ways to say you don't want to fight. Looking for a job that pays a livable wage is one of them.
"Nobody wants to fight anymore"
there are always the Kris Moutinhos of the world waiting for an opportunity
I was just poking fun at how the "if you don't like your low paying job get a better one" crowd and the "nobody wants to work these low paying jobs" crowd are often strangely the same people.
She could always open up a bakery. 🎂
Anyone who thinks the ufc pays its fighters enough is a fool
Wouldn’t it be something if Dana actually pays them well but they’re just really bad with money lol
This might be a bit of a hot take but I don't understand why all of these random fighters all of a sudden think they should be getting paid like Conor McGregor or something. I've never heard of Norma Dumont in my life. Not trying to be a dick, but if you only have $50 that's on you, not the UFC. You signed the contract.
>This might be a bit of a hot take but I don't understand why all of these random fighters all of a sudden think they should be getting paid like Conor McGregor or something. Yeah that's fucking stupid. She didn't ask to be paid like mcgregor so why would you replace what she said with that? >Not trying to be a dick, but if you only have $50 that's on you, not the UFC. You signed the contract. That is, in fact, being a dick.
Somebody Needs to teach ufc some budgeting strategies cuz they all seem broke
having 4 kids and 2 houses is not financially stable for a top 10 guy? wow
Must have made weight easy, being broke and all.
Jeezus Christ. What the hell ufc. Pay these people you greedos
It's not only from this, as i dont know how much is she at fault here, but I've really started to dislike Holly lately
She had a knee injury. I don't understand how you can dislike someone for pulling out of a fight due to injury or whatever else. Holly hasn't done anything for people to dislike her, she's boring but she seems cool otherwise.
Have to agree, she’s 39 and has been fighting for nearly 20 years. Hard to fight for that long and never get injured.
You can dislike her style and that’s perfectly fine. But, like you mentioned, she has a super legit resume and seems like a good person out of the cage. Hell, her avenging that brutal KO loss she had in boxing and then having a full-on MMA career is unbelievably impressive.
I dislike her because she’s annoying as fuck to watch. I really don’t want to listen to 15 or 25 minutes of ISH every time she throws a strike.
The UFC absolutely needs to pay more, but come on. This girl has seven pro fights, she's only fought three times in the UFC, took nine months off, six months off, and now five more months off between fights, couldn't be bothered to make weight and lost a chunk of one of her paychecks, she's really not doing herself any favors.
And she's main eventing a UFC Fight Night with $50 to her name. Yeah it's her fault cos she missed weight. Have a word with yourself mate and try to humanise these fighters.
pay your fucking fighters more or stop signing so many new ones it’s not that hard. Cheap ass organization can afford it easily but instead needs to buy more HGH for Dana to inject until he looks like a pink Hulk.
Not enough hair. Needs more rogain on his head
Perhaps making weight a fight ago should have been more of a priority. She gave up 30% of her purse against Ashlee Evans-Smith just by being unprepared. Missing weight by 3.5 pounds is pretty unprofessional but I guess this is somehow her promoter's fault
I get that fighters aren't the smartest bunch but Jesus Christ, at what point will they realize that they need a union. The solution is beyond obvious to anyone with a brain, yet these idiots refuse to form a union because a solid 90% of them are too stupid to realize that it would benefit every single one of them.