MMA Fighting reports that a proposed California law allow would grant referees and judges to adorn sponsorship patches with proceeds going toward a boxing pension fund.
AB 2130 states:
This bill would require 25% of the payment received under these contracts to be deposited into the Athletic Commission Fund to be used as prescribed and, notwithstanding the above-described deposit requirement, the remaining 75% of the payment received to be divided between the BP Fund and MMA Fund in a manner that fairly represents the revenue derived from each segment, as determined by the commission and set forth in the sponsorship contract. By depositing the above-described payments into the continuously appropriated funds, the bill would make an appropriation.
Notably, this law is supported by many organizations including the UFC. In tracking the bill, there is no public opposition as of May 14th.
The bill is based on a law signed by Gavin Newsom which would grant retirement benefits for MMA fighters. There is also a similar benefit for boxers in the state.
The bill was drafted by California state asssemblyman Matt Haney from San Francisco.
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