State Athletic Commission: boxing and mixed martial arts: sponsorship contracts.
Vote required
Two Thirds
Fiscal committee
No
Appropriation
No
Current location
Appropriations
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows the State Athletic Commission to enter into sponsorship contracts with entities to display their names or logos on the apparel of referees, judges, and ringside physicians. It requires 75% of the sponsorship revenue to be split between the Boxers’ Pension Fund and the Mixed Martial Arts Retirement Benefit Fund, with 25% going to referee training and education. The bill also establishes procedures for procuring these contracts and prohibits them from promoting fraudulent contests or prohibited substances. Furthermore, it authorizes a one-time payment from sponsorship funds to former martial artists who would have qualified for a pension had vesting requirements been established earlier.
Key provisions
- Authorizes sponsorship contracts for apparel display.
- Requires 75% of sponsorship revenue to be allocated to pension funds.
- Mandates 25% of sponsorship revenue for referee training and education.
- Establishes procedures for procuring sponsorship contracts through regulations.
- Prohibits promotion of fraudulent contests and prohibited substances.
- Allows for a one-time payment to former martial artists meeting specific vesting criteria.
- Requires 25% of the payment received under these contracts to be deposited into the Athletic Commission Fund.
- Prohibits contracts until regulations are promulgated.
Who is affected
- State Athletic Commission
- Referees
- Judges
- Ringside Physicians
- Boxers
Notable changes
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours