MMA Fighting reports that there is a proposed settlement in the works between the Nevada Athletic Commission and Nick Diaz. The agenda posted on the NAC web site lists Diaz for the January 12 meeting.
The action item on the NAC’s agenda is a “Hearing on motion for reconsideration and proposed settlement agreement against mixed martial artist Nick Diaz, for possible action.” Although it is not guaranteed that the NAC will act on the item, it’s clear that the NAC and Diaz’s attorneys at Campbell and Williams (the firm also has UFC as a client) have been working to attempt to resolve the dispute. As you recall, the NAC issued a 5 year, $165,000 fine on Diaz for a third drug test failure for marijuana.
In addition, the re-hearing of Wanderlei Silva may take place on the same day. Interesting enough, Silva is being sued by the UFC. The UFC’s attorneys: Campbell and Williams.
Payout Perspective:
It’s clear that the parties are attempting to resolve the matter without a judicial review of Diaz’s punishment. For Diaz’s attorney to file suit seeking judicial review, there must be an official written decision from the NAC. As far as we know, the NAC has yet to do this. This would seem to infer that the parties would like to settle prior to the threat of litigation. Similarly, Wanderlei Silva’s appeal to the Nevada Supreme Court was dismissed due to the fact there was not an official ruling by the NAC over a court reversal of Silva’s penalty. We will see if the commission rules next week.
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