Light-weight standout Renato Moicano needs the UFC to pony up more cash for its fighters.
Fighter pay and the UFC’s paltry income share have been a sore topic for the MMA juggernaut for years, however Moicano believes he has the right answer that can assist fighters obtain long-term monetary safety whereas making certain the promotion continues to construct and preserve high stars.
“If the UFC gave TKO shares to fighters based mostly on efficiency, it might profit everybody—fighters earn long-term monetary safety, and the promotion strengthens loyalty and funding from its greatest stars,” Moicano wrote on X. “Reward success, construct the longer term.”
Whereas that every one sounds effective and dandy, ‘Cash’ acknowledged that implementing such a change would require the promotion to restructure contracts and fall according to SEC (Securities and Change Fee) rules.
“Fighters are impartial contractors, it might require contract changes and SEC compliance however nonetheless doable,” Moicano added in a follow-up submit.
The taxman took a giant chunk out of Renato Moicano’s UFC 312 payday
After all, Renato Moicano isn’t essentially hurting for cash after entering into the principle occasion highlight at UFC 311 final month.
Initially, Moicano was set to combat Beneil Dariush in the principle card in Los Angeles. Lower than 48 hours away from combat evening, the UFC thrust him into the principle occasion to interchange light-weight title challenger Arman Tsarukyan. ‘Ahalkalakets’ bowed out of his title tilt with Islam Makhachev on account of an alleged again damage, leaving the ‘Dagestani Destroyer’ with out an opponent. Moicano stepped in and in the end misplaced the bout through a first-round d’arce choke.
Regardless of arising quick, ‘Cash’ made some severe financial institution for his 4 minutes of labor.
Moicano didn’t expose specifics, however he revealed that his take-home was price greater than 9 Bitcoin which means the Brazilian fan favourite walked away with no much less (and certain extra) than $950,000. After all, Moicano was pressured to give up a major chunk of that payday to the state of California which boasts a few of the highest revenue tax charges within the nation.
“Man, f*ck California brother – when you reside in California, I really feel for you brother. That state is a chunk of sh*t brother, I believe California is worse [than New York] … The taxation was loopy, loopy,” he stated on his Present Me The Cash podcast.
