California is the First State to Start MMA Fighter Retirement Fund. Starts in 2024.

Fedorgasm said:
I like the idea. 39 rounds is a lot though. That could be, what, at least 11 fights?

probably more like 18 because they won't all go the distance.

Maybe it will help fighters on smaller orgs that only put on events in California. But it won't help UFC fighters who fly all over the place to fight

Maybe if other states join in the partnership it could be a good thing.
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It's for California fighters.
 
Substance Abuse said:
California MMA fighters will now enjoy a retirement benefit if they meet vesting requirements, thanks to a bill signed into law by Gov. Gavin Newsom on Sunday.



Bill AB 1136, drafted by California assemblyman Matt Haney, mirrors a pension fund established in 1982 for professional boxers in California that’s funded by a tax on ticket sales – and allows them to cash out when they schedule the required number of rounds in the state.



MMA fighters will need to schedule at least 39 rounds – they still get credit for full rounds in the event of a finish – in bouts sanctioned by the CSAC and reach 50 to cash out (with exceptions, according to a CSAC release on Tuesday). Boxers have to schedule 75 rounds in the state.

The benefit does not apply retroactively to fighters who’ve fought the required number of rounds in the state.

Foster and CSAC are still at work creating separate revenue streams to fund the retirement benefit; the commission aimed to sell a specialty California license plate with CSAC branding that would put $40 in the pension fund for every plate sold. As of now, the benefit will be funded by a tax of $1 per ticket sold at CSAC-regulated events in addition to concessions and personal contributions. Funding for the retirement benefit will not come from the state’s general fund, the release stated.



Among high-profile supporters of the retirement benefit – the first of its kind among U.S. MMA regulators – is former UFC bantamweight champion Ronda Rousey. So is her one-time opponent Cat Zingano, who recently spoke to legislators about the benefit of creating a small safety net for retired MMA fighters.



Haney previously told MMA Fighting the UFC and Bellator, the highest-profile MMA promoters doing business in the state, are “not in opposition” to the benefit and suggested they contribute to it independent of holding events in the state.


https://www.google.com/amp/s/www.mm...assed-becomes-california-law-starting-in-2024
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More of California's woke bullshit

more reason for fighters to move to Mississippi or Louisiana
 
Human Bass said:
California has the highest or 2nd highest state income tax, it is just dumb to fight there
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The governor is probably hoping this will push fighters into pressuring their organization to have more events in California
 
I don't understand why they use the number of rounds instead of the number of fights.
The fighters who finish in 1 round pay the same taxes as those who go rounds. And it's not like they will fight again sooner.
 
spinup said:
I don't understand why they use the number of rounds instead of the number of fights.
The fighters who finish in 1 round pay the same taxes as those who go rounds. And it's not like they will fight again sooner.
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Maybe it's to avoid paying cans who always lose in the first round.
 
ermac88 said:
More of California's woke bullshit

more reason for fighters to move to Mississippi or Louisiana
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I imagine the IQ of people who believe in welfare. Every state solution always looks beautiful on paper and low-IQ morons fall for it.
 
Eric O said:
WTF is this. Fighter needs 39 rounds in California to access money the promoter pays in. That's 13 fights.

This seems like a fishy money grab.. who keeps the interest generated from the retirement fund and what company is paid to manage it?

Find me a UFC fighter that's fought 13x in California. It's going to be a small list.

Is anyone in here familiar with how the boxing retirement fund works?
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Fighters from California. Is this only for top promotions, or do the usual regional pros count too, cuz there's bound to be shitloads of those. Ya take someone from Cali like a Joey Beltran, and they've done 10 fights in Cali alone in their first 12 fights within 3 years of starting.

Hell, ya get someone with the voracity of Miguel Torres, who fought 32 times before getting into the WEC, 30 of them in his home state (Indiana in this case)? If Indiana had this, he'd have met the requirements in little over a year

Fedorgasm said:
I like the idea. 39 rounds is a lot though. That could be, what, at least 11 fights?

probably more like 18 because they won't all go the distance.

Maybe it will help fighters on smaller orgs that only put on events in California. But it won't help UFC fighters who fly all over the place to fight

Maybe if other states join in the partnership it could be a good thing.
Click to expand...
spinup said:
I don't understand why they use the number of rounds instead of the number of fights.
The fighters who finish in 1 round pay the same taxes as those who go rounds. And it's not like they will fight again sooner.
Click to expand...
Dunno if it was written with the most accuracy, but the article does say scheduled 39 rounds. So it could just be 13 fights, long as they're not some weird tournament rules of 2 rounds only or something
 
Last edited:
Substance Abuse said:
California MMA fighters will now enjoy a retirement benefit if they meet vesting requirements, thanks to a bill signed into law by Gov. Gavin Newsom on Sunday.



Bill AB 1136, drafted by California assemblyman Matt Haney, mirrors a pension fund established in 1982 for professional boxers in California that’s funded by a tax on ticket sales – and allows them to cash out when they schedule the required number of rounds in the state.



MMA fighters will need to schedule at least 39 rounds – they still get credit for full rounds in the event of a finish – in bouts sanctioned by the CSAC and reach 50 to cash out (with exceptions, according to a CSAC release on Tuesday). Boxers have to schedule 75 rounds in the state.

The benefit does not apply retroactively to fighters who’ve fought the required number of rounds in the state.

Foster and CSAC are still at work creating separate revenue streams to fund the retirement benefit; the commission aimed to sell a specialty California license plate with CSAC branding that would put $40 in the pension fund for every plate sold. As of now, the benefit will be funded by a tax of $1 per ticket sold at CSAC-regulated events in addition to concessions and personal contributions. Funding for the retirement benefit will not come from the state’s general fund, the release stated.



Among high-profile supporters of the retirement benefit – the first of its kind among U.S. MMA regulators – is former UFC bantamweight champion Ronda Rousey. So is her one-time opponent Cat Zingano, who recently spoke to legislators about the benefit of creating a small safety net for retired MMA fighters.



Haney previously told MMA Fighting the UFC and Bellator, the highest-profile MMA promoters doing business in the state, are “not in opposition” to the benefit and suggested they contribute to it independent of holding events in the state.


https://www.google.com/amp/s/www.mm...assed-becomes-california-law-starting-in-2024
Click to expand...

This is a good thing.
 
39 rounds or 13 fights is a fair number of fights to have. People need to stop freaking out/complaining. I'm sure this isn't specific to one promotion, so regional fights count. Based on the sheer number of bjj and mma gyms in California, I'm sure there are a ton of regional fight organizations.

I could see Nevada doing something similar in the future due to the number of fights they have there. I'm from Florida and couldn't see this working in Florida though. There is pretty much only one or 2 regional orgs there (Combat Night/Masvidal's promotion) and the big promotions don't hold events often enough for it to count. It's one of the bigger bjj/mma/fighting states too.

Most fighters on the regional scene usually have around 10-20 fights before they go to a major promotion unless they're really, really high level (example: Cain or DC who are both from California). This kind of helps the California economy too because it does give some more incentive for fighters to fight in California or large/small orgs to hold fights there.
 
I'm imagining a lot of useless and senseless fights happening only so fighters can meet their quota, there will be people fighting 20 times in a year. There will be a lot of fake fighters doing it only for the benefit
 
39 rounds in California and they collect at age 50. I'll say this, the same thing when it first was proposed. If you cheer something broken on because its the right direction, it won't be fixed. It's a small cash grab until it actually helps fighters. Who knows? Maybe guys will be fighting for small pro leagues in Cali to earn their 40 rounds. The should've rewrote the proposal.
 
Thepaintbucket said:
Woah woah woah, Cat Zingano fought Cyborg?

I wonder how effective the retirement system will be given how short most MMA careers are and how little they will contribute to the retirement system
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yeah at the last Bellator event. Cyborg stuffed all of Cat's takedowns and TKO'd her. honestly i was a bit let down; i thought Cat would put up more of a fight. but Cyborg's one of the best women out there so i guess its no surprise.

barillas said:
Yeah, free shit, right?
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if its free, its for me, except if its an STD

im torn on this bill. i like the idea of a retirement fund but given California's government's history of mishandling funds i dont know how effective it will truly be. a step in the right direction though.
 
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