Late last week, Bare Knuckle Fighting Championship announced a Pension Plan for fighters competing in BKFC. Plans for the pension plan will commence on April 30, 2021.
“We want to ensure that they are compensated not only on the night of the fight but also looked after in retirement,” explained BKFC President Dave Feldman in a press release. “For each BKFC fight, money will be placed in a pension account for them to draw on upon retirement.”
No other details about the pension plan were given in the press release. Notably, it is not clear as to whether the money placed in the fighter’s pension account will be in addition to their contracted purse amount or as part of the purse amount.
BKFC garnered headlines when it signed Paige VanZant to a deal. She lost in her first bout with the promotion this past February.
Payout Perspective:
One would have to hear more information on the details of this before passing judgment. Retirement funds are important for fighters, but so is money on hand. If the money invested is on top of their purse, this is great, if this is a way to work-around to not paying fighters and putting money in a fund with questionable investment strategies then I’m not sure about the logistics. Also, as independent contractors, it is hard to say when the fighters will retire.
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