White’s new deal provides good piece of the profit
ESPN Senior Writer Darren Rovell reports that Dana White’s new five-year contract pays him 9% of profit.
UFC president Dana White ever maintained that his goal was to drive mixed martial arts to the mainstream. He succeed – the league recently sold for $4,000,000,000, the largest sale in sports history.
His new compensation package is apparently on par with that in other major sports.
NFL Commissioner Roger Goodell makes over $20 million a year. Former NBA Commissioner David Stern also reportedly was compensated at around $20 million per year. Now ESPN Senior Writer Darren Rovell reports that White’s new five-year contract pays him 9% of profit.
The company reportedly grossed about $600,000,000 in 2015, with a profit of around $150,000,000. 9% of that would be $13,500,000. And things are expected to get better given the extraordinary resources that WME-IMG brings to the effort.
Further, White owned 9% of the company. It is not known whether he sold all or part of his ownership stake. If he sold it all, he would have made around $360,000,000. If he kept it all, when the company goes public, the kid from Boston with a semester of college could be a billionaire.
Only in America.
H/T SevenFive