Naked Knuckle Combating Championships desires to look after its fighters after retirement.
The promotion introduced a brand new pension plan for athletes beginning with the BKFC 17 card on April 30, officers introduced on Thursday.
“Our fighters are a very powerful asset of the corporate,” BKFC president Dave Feldman mentioned in a ready assertion despatched to MMA Combating. “We wish to be sure that they’re compensated not solely on the night time of the combat, but additionally sorted in retirement. For every BKFC combat, cash might be positioned in a pension account for them to attract on upon retirement.
“BKFC is the most popular, quickest rising and most enjoyable sport on this planet, and we wish to be sure that our fighters are taken care of in each potential method.”
Feldman mentioned BKFC fighters will obtain funds from particular person pension accounts after they’re retired from combating, or a minimal of 5 years after the promotion stops making contributions.
“I did that for a motive,” Feldman informed MMA Combating. “I’ve been on this sport for a very long time and I’ve seen my dad put some huge cash away for fighters up to now they usually did the whole lot they may to interrupt it. Loads of them went broke.
“That’s why we put a minimal of 5 years on it, so that they have it they usually’re not simply going to exit and blow it. They’re going to have it once they want it.”
Solely fighters who’ve signed multi-fight offers might be eligible for this system, Feldman mentioned. The promoter didn’t disclose how a lot cash the promotion would contribute to the account, whether or not the contributions had been set as a proportion of handbags, or a set quantity per combat, when contributions could be made, or particulars about how the cash could be distributed as soon as a fighter had met the necessities to obtain funds.
A monetary providers agency will oversee the BKFC Wealth Administration Fund, Feldman mentioned, with BKFC because the proprietor of the coverage and the fighters listed as co-owners.
Most main sporting leagues just like the NFL, NBA, and MLB present some sort of pension plan for athletes, often as a part of a collective bargaining settlement between a league and participant unions. BKFC will develop into the primary main fight sports activities promotion within the trendy period to arrange a pension plan for its athletes; the California State Athletic Fee maintains a pension for boxers who meet eligibility necessities for time within the ring.
Feldman mentioned the thought of a pension plan has been within the works for concerning the previous six months, and the promotion sought to maneuver ahead forward of its subsequent main occasion.
The bare-knuckle combating outfit has develop into a significant participant within the fight sports activities area over the previous few years because the sport was legalized and sanctioned in a number of states throughout the U.S.
Most lately, BKFC promoted an occasion known as “KnuckleMania,” that featured the debut of former UFC star Paige VanZant, who was a high-profile acquisition for the corporate after she turned a free agent in 2020.
The pension plan will begin for athletes competing at BKFC 17 from Birmingham, Ala., on April 30.