UFC New York: UFC At Madison Square Garden
UFC New York: Start spreading the news. MMA is finally legalized in the Empire State. Oddly enough, New York was the last state to ban MMA. The New York State Assembly passed the bill to lift the ban on MMA by an 113-25 vote. The legislation will now go to Gov. Andrew Cuomo for it to be passed into law. The Governor included MMA revenue in his 2016-17 proposed state budget.
Once Cuomo signs the bill, the New York State Athletic Commission has 120 days to draw up rules and regulations for mixed martial arts. MMA was banned in the state in 1997 and remained the only state to not have it legalized before Tuesday. Mixed martial arts combines boxing, kickboxing, wrestling, judo, Muay Thai and other single-discipline martial arts.
The UFC and other MMA leagues have effectively countered critiques about the mayhem of MMA. They have done so by establishing clear and detailed rules of play. Many of these rules are expressed in the Unified Mixed Martial Arts Rules as well as other sources. The adoption of rules of play has clearly worked well for the UFC. Since 2002, the UFC has surged from a modest $2 million operation into a league worth as much as $3.5 billion today. With a growing fan base across the globe, the UFC should only continue to enlarge its economic value and social impact.
MMA fighting will be regulated by the New York State Athletic Commission, which will adopt regulations that set forth rules for MMA promotion and those restrict participants, bouts, and exhibitions. MMA organizers will need to obtain a license from the Commission in order to host an event.
Money and More Money For MMA Promotions
The UFC has promised up to four events per year in New York over the next few years. It’s been a long time coming, but UFC New York can finally realize it’s goal of hosting an event in the world’s most famous arena, Madison Square Garden. MMA being legalized isn’t just a win for New York City. Upstate New York, will also be in the mix to host numerous MMA events.
With the UFC now given access to the New York market, it can attract more fans and more corporate sponsors. This will help the UFC negotiate its next TV deal. In 2011, the UFC and Fox signed a seven-year deal that is worth approximately $700 million and that will expire in 2018. With MMA legal in all 50 states and thus fully legitimized, the UFC should be in a superior position when negotiating its next TV deal, as well as accompanying Internet, radio and video game deals.