Franklin talks fighter pay, UFC's edge in negotiating

 

Rich Franklin was one of the sports biggest stars in the UFC 4-5 years ago, but nearing the end of his career, knows that he doesn't have leverage to make the same money as some of today's biggest stars:

"Everybody is put on their own schedule. How UFC negotiates with me is different than how they negotiate with somebody else. From a business standpoint, I get it. The UFC is not in the business of just giving away money. It's your job to negotiate that money. It is difficult because they are the only player on the block. This is the analogy I use with people. In the NFL, I can negotiate my contract with the team. If I don't like that contract, I have 31 other teams to negotiate with. I know it's not that easy; but the point is that there are other sources that you can go to. The UFC is the only player so it gives them an edge. And kudos to them for having a great business plan.

I've never been one to talk about fighter pay with somebody else. I know there are fighters out there that make way more money than I do and I would never complain if somebody wanted to add a decimal place to my paycheck. But, you have to remember that I was a high school teacher. I transitioned into MMA and I made way more money fighting than I would have teaching high school.

Honestly, I feel blessed that I've been given the opportunities that I've been given and blessed to have made the money that I've made. I see fighters like Jon Jones, they are getting bigger contracts; the sport's more mainstream and they have better endorsement opportunities. The Gatorades, the Nikes and the Under Armours were not there five, six, seven years ago when I was at the top of the game. I missed out on that. I was on the wave before the big wave. Yeah, it would have been nice If I has made more money in my career but I'm definitely not complaining about the amount of money I made. UFC always treated me well and they did the things they said they were going to do."

transcribed by MMAMania.com...

Related MMA gear from the UG Store

 

Affliction Mass Power Thermal

Affliction Mass Power Thermal

Only $67.99

Affliction Sentient Shirt

Affliction Sentient Shirt

Only $47.99

 

tags: Rich Franklin (detail)  video   



Get the MMA Underground app. for iPhone and Andriod devices.
iPhone Application Andriod MMA Underground Application

Recent Comments »

Stu Cazzo site profile image  

1/16/14 9:10 PM by Stu Cazzo

They'll take care of Rich. The same as Hughes and Chuck.

YouCantHandleMyRiddum site profile image  

1/16/14 8:55 PM by YouCantHandleMyRiddum

Rich fought before the backroom bonus era.

TrĂ©asach site profile image  

1/16/14 8:54 PM by Tréasach

http://www.celebritynetworth.com/richest-athletes/mma-net-worth/rich-franklin-net-worth/$3.5 million is what this site says but who knows how accurate it is. Still is a huge chunk of change, I doubt the guy will have money issues if that is how much he has.

crwhitlock site profile image  

1/16/14 8:15 PM by crwhitlock

The question is how much cash does one need to comfortably retire on at the age of 40?$1 million$5 million$10 millionAssuming you need $100k per year, until the age of 80, that means you'd need $4 million in cash. I have to believe Rich Franklin has a few million dollars.

ajjr0ller site profile image  

1/16/14 6:24 PM by ajjr0ller

^^ meant to quote Mountain Medic

ajjr0ller site profile image  

1/16/14 6:23 PM by ajjr0ller

Did he say he has money problems? I think he was stating that his prime in the game was before all the big endorsements came around- which is absolutely true. Also, making 100-150k a year for 5 or 6 years is great but that's not enough money to retire on, especially after taxes, manager fees, training fees, etc. Rich will probably need to go back to teaching after he stops fighting.

KingofBJJ site profile image  

1/16/14 6:00 PM by KingofBJJ

LOL! White is butthurting because GSP, his Goldenchild, blasted him and the UFC and won't answer their phone calls.Then White spends nearly 15 mins talking about GSP last night.Today, what happens? Rich Franklin appears out of nowhere to discuss how great the business model of the UFC is as far contracts etc.White wants to counter GSP with the nostalgia of Rich. HAW!!!

MountainMedic site profile image  

1/16/14 5:41 PM by MountainMedic

He did well. If he's got money problems he fucked up somewhere.Not defending dana.Also surprised to hear the company man say these things, he and dana did a fair bit of "recreating" together, wonder if the bloom is off the rose for some reason.

Bentleysuper8 site profile image  

1/16/14 5:36 PM by Bentleysuper8

And that folks, is how you get in the hall of fame and land a desk beside Chuck.

LTL site profile image  

1/16/14 5:13 PM by LTL

UG News front Page: Rich Franklin: "Honestly, I feel blessed that I've been given the opportunities that I've been given and blessed to have made the money that I've made."Bloodyelbow front page:Franklin can't retire on UFC earnings