MMA News Forums » MMA Forums » General MMA Forum

[JayBird]

I agree with most of what he said.. but let's be realistic. If he headlines a PPV against Machida he will earn MILLIONS of dollars. Just for that one fight. I don't see how you turn that down when you're planning for you, your kids, and your ex-wife's future.

[FedortheCan]

Besides MMA, I follow NFL and NBA bigtime. Its just unreal at the amount of athletes that have made OVER 100 million and have gone broke. Just to name a few: TO, Iverson, Sapp, Brunell, Antoine Walker...etc

[Flou]

Something is wrong with your lifestyle if the millions you've already made and the tens of millions you are about to make won't last you and your family a lifetime.

[Mr. Cornute]

Originally Posted by Y2JUBAE

When it comes to being a father, you can be broke and still be a great father, however, getting drunk and slamming into light poles puts you in the category of irresponsible father. The best way to parent is to lead by example and he still wants to be a kid. Sure, his child may not have been with him, but if he had of died, then he would have robbed his child of a father.

I wouldn't go that far to state he is any negative type of father due to this accident. He made a mistake, & I am one whom called him a hypocrite during the fiasco, but I do not doubt he is a good father & has the capability to rear his children properly due to this accident.

[JayBird]

Originally Posted by FedortheCan

Besides MMA, I follow NFL and NBA bigtime. Its just unreal at the amount of athletes that have made OVER 100 million and have gone broke. Just to name a few: TO, Iverson, Sapp, Brunell, Antoine Walker...etc

Thats why he should focus on taking as many fights as he can, and socking away as much money as possible now. All those guys went broke because they spent like crazy when they were making money, and then one day their career is over and they no longer have any earning potential. They literally can not generate any revenue, or they lose it all in bad business deals.

If Jon keeps spending all his money on houses, travel and his new fascination (guns), then yeah, he probably will end up broke, or in another line of work someday. How many more years can he keep fighting?? Maybe 10? And thats if he stays healthy, and stays atop the game as one of the P4P best fighters and a big draw on PPV cards. So that would make him retired at like age 35?? What do you do for the remainding 20-60 years of your life?

[Mr. Cornute]

Originally Posted by FedortheCan

Besides MMA, I follow NFL and NBA bigtime. Its just unreal at the amount of athletes that have made OVER 100 million and have gone broke. Just to name a few: TO, Iverson, Sapp, Brunell, Antoine Walker...etc

I will never in a million years understand how you can generate that much money & still go broke. First they have this belief that they will always have their skills to generate more money which they will not. Then the spending habits they have, then I wonder accountants they pay aren't counseling them about it?

I don't think people really understand what it takes to make $ 1 Million, it takes 30 years at $30,000 a year to earn $1 Million...30 years a little below the average gross income for the average American! Most people will not earn more than 2-3 Million in their life time & these people earn that plus some & some how blow through it all.

You could comfortably live off of 15 Million for life & your kids could as well.
Let's start with the first $5 Million:

-First you could pay of whatever debts you & your family hold (family including mother/fathersister/brother/uncle/aunts/wife/in-laws) about 1 Million ;
-Buy yourself & people of your choosing homes (average American 3-4 Bedroom Home is $160,000) so about 8 homes $1,300,000 ;
-Vehicles (average vehicle $35,000) for each person of your choosing & yourself so about $400,000|
-Then give money to people you'd like to give money to...maybe take away another 1.3 Million?
-That leaves you with 1 Million to live off of for a span of 5 years which is $200,000 a year. That is enough to pay the running cost of the homes for your (wife/kids) home (2 or 3 homes), taxes for these homes, gas & maintenance for your vehicles, clothing etc etc etc.

Keep in mind we've still not touched the other $10 Million.
-You put the 10 Million into a high yield savings which at 7% interest gets you $700,000 a year.
-You pay a 40% tax rate on the $700,000 & you still receive $420,000 each year from that savings
-Which means after that 5 year period if you do not touch the $10 Mill you have $2.1 Million waiting for you to play with every 5 years
-or budget & only use the $420,000 a year.
You put an iron clad will together that the money is never taken out of savings & only the interest on the savings can be used & your family is not only comfortable but living DAMN well on just $15 Million.

[roaddawg]

Originally Posted by sonofsteven

He absolutley has a point, you got to plan for the future. I think people have been blowing this way out of proportion and taking it as he was refusing the Machida rematch.

Many people here don't respect that. These fighters are being viewed like the roman slave gladiators you used to see on the UFC PPV intro.

Gladiators didn't have a say let along much of a future. In the same manner many fans feel like these guys don't have a right to have any control over their careers. You fight when we tell you to fight, whom we tell you to fight and you do whatever master tells you.

In short they are essentially saying, "fuck your future you are here to fight so fight". Me personally I think professional fighters should recognize that its also a business and it pays to be business savvy. When its all said and done and its time for you to retire noone will give a fuck about these guys and they won't have a pot to piss in (unless their name is Chuck Liddel).

Silva and Jones has got it right. When you fail to plan you plan to fail. A fighter can be honorable and business savvy imo.

[AnchorPunch]

Originally Posted by roaddawg

Many people here don't respect that. These fighters are being viewed like the roman slave gladiators you used to see on the UFC PPV intro.

Gladiators didn't have a say let along much of a future. In the same manner many fans feel like these guys don't have a right to have any control over their careers. You fight when we tell you to fight, whom we tell you to fight and you do whatever master tells you.

No. Just, no. Don't compare wanting employees to follow the rules and ethos of their organization (remember, the UFC is an organization and very different from boxing promotion with very different contracts) to slavery. No.

[grambino]

Originally Posted by roaddawg

Many people here don't respect that. These fighters are being viewed like the roman slave gladiators you used to see on the UFC PPV intro.

Gladiators didn't have a say let along much of a future. In the same manner many fans feel like these guys don't have a right to have any control over their careers. You fight when we tell you to fight, whom we tell you to fight and you do whatever master tells you.

In short they are essentially saying, "fuck your future you are here to fight so fight". Me personally I think professional fighters should recognize that its also a business and it pays to be business savvy. When its all said and done and its time for you to retire noone will give a fuck about these guys and they won't have a pot to piss in (unless their name is Chuck Liddel).

Silva and Jones has got it right. When you fail to plan you plan to fail. A fighter can be honorable and business savvy imo.

When's the last time Dana had a fighter beheaded after a fight?

[rspier]

His attitude is right, he does need to know those numbers. He needs to make money... More so he needs to be smart with it. He makes plenty of it, now he needs to not throw it away on dumb crap. Save most, invest some... And keep what your doing with it to yourself. Just don't talk about it so much. I don't want to hear about your financial motivations. If they offer you a fighter, talk about the fighter, his skill set, what dangers he poses. Don't talk about his monitary worth to you, that makes you sound like an asshole. Think it sure, but don't talk about it.... Lol