Let's call Dana White's Contender Series what it is: Ultimate Fighter 2.0

It's very similar to TUF (the more recent years of TUF didn't produce anyone of note hence them scrapping it) but more enjoyable, for me. Still, due to the concept, you still get some very shitty fighters handed contracts. If you're fortunate enough to be matched up with a jobber and you KO thm, even as a 5-2 guy, you'll likely get a contract you are not skilled enough to fulfil.
 
Personally I've loved DWTNCS. It'll take a few years to properly be able to evaluate the talent coming off it but I think the majority of the fighters being signed belong at the highest level.
 
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