Donald 'Cowboy' Cerrone: 'I'm fighting to pay taxes off'

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Wild

Zi Nazi
Admin
Dec 31, 2014
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Since 2013, UFC lightweight Donald Cerrone has fought 11 times. Within that period, there was a nine month span where he fought four times.

This past January, the "Cowboy" fought twice in span of two weeks. That level of activity is near unprecedented for fighters competing at the highest level of MMA.

Cerrone loves to fight, that much is clear. During a recent interview with Bruce Buffer and TJ DeSantis on theIt's Time podcast, however, Cerrone revealed another reason for fighting so often.

"I've been taking those fights just to pay my taxes off, that's what people don't understand," he revealed.

"They give us this big chunk of money and then idiots like me spend it all. Then they tell me, 'wait, you have to pay us our set.' Then, I have to go fight again so I can pay them. (laughs)"

Cerrone's devil may care attitude is certainly entertaining and human. However, it fits into a much larger and lamentable context.

That is, professional athletes getting into trouble with their unique financial situations. Many higher paid professional athletes than UFC fighters, from places like the NFL, and the NBA, often end up broke or in trouble with the IRS.

Many of those major sport athletes don't plan for the fact that they'll have to budget out pay checks that don't come year-round, and UFC fighters have the added responsibility of putting aside money from earnings to pay taxes, later, since they are considered independent contractors.

The veteran Octagon announcer Buffer sagely advised Cerrone to have a chat with his own accountant - a former IRS investigator. Fortunately, Cerrone said he'd consider the offer.

After all, Cerrone will need to find some way to pass the time as he waits for his hard-earned lightweight title shot. Though he wants badly to become number one, Cerrone is unsentimental about the physical championship belt he'd earn should he beat current title-holder Rafael dos Anjos in their coming rematch.

"Yeah, as soon as I win it, because it don't mean nothing to me, I'm going to launch it inside the RV and go about my business," the always cool Cerrone said.

"So, that's what's going to happen with that. That belt don't reall mean much to me. Being first would be cool but the belt - I don't care, man. And then I'm going to turn around and say, 'let's go...let's fight as many times as we can.'"

LINK to full story: Donald 'Cowboy' Cerrone: 'I'm fighting to pay taxes off' | FOX Sports
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,390
34,272
When will these guys learn they need a fucking accountant
 

kneeblock

Drapetomaniac
Apr 18, 2015
12,435
23,026
I really don't want to see Cerrone climbing into the cage at 50 to pay the IRS. Jackson's clearly needs to invest in a fleet of chauffers, some accountants and a psychotherapist.
 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,004
123,331
It's pretty simple math really, for anyone working as an independent contractor. Take 35% of your gross income, and put it away for taxes. Done. These guys should never find themselves in situations like this.
 

Flyin Brian

Member
Jun 22, 2015
13
20
To me this is 50% Cerrone's fault and 50% due to fighters in the UFC being independent contractors and not employees. If they were employees and not independent contractors some of the stresses of taxes would be eliminated but not all.
 

dacofty

Yea..Ok..Whatever
First 100
Jan 15, 2015
9,485
9,454
Well it is pretty common sense if you get the money put the tax share back.