Meeting Invoice 1136 or the Blended Martial Arts Retirement Profit Fund invoice, launched by Assemblymember Matt Haney, D-San Francisco, was overwhelmingly authorized on the Senate and Meeting flooring with out opposition on Wednesday.
The pension fund for MMA fighters would require all promotions to incorporate the UFC and Bellator to allot a portion of ticket gross sales within the state to assist opponents have assured revenue after retirement, in response to Haney’s workplace.
Haney’s workplace clarified that the pension wouldn’t be funded by state cash however “financed via ticket gross sales, sports activities paraphernalia, and souvenirs.”
“For each ticket offered, $1 would go in direction of the MMA Fighters Pension Fund. MMA fighters would change into vested between 12-14 fights, which is round 39 scheduled rounds at Fee-regulated MMA occasions,” Haney’s workplace stated.
Gov. Gavin Newsom nonetheless has to signal the invoice, after which the California State Athletic Fee who will handle the brand new fund will start creating it as quickly as January of 2024.
Within the above video by way of ESPN MMA, former UFC ladies’s bantamweight champion Ronda Rousey talked earlier this yr about her assist of the invoice.
“Everybody loves you once you’re combating within the octagon, however will any of these individuals be there for you once you’re in your 90s paying the worth?” stated Rousey.
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