Definition of excise duty: A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
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Fighters who have between one and five fights in the UFC will make just $2,500 per fight under the tiered system. Fighters with six to 10 UFC bouts will make $5,000; 11 to 15 will get fighters $10,000; 16 to 20 fights earns $15,000; and 21 bouts and up gets a fighter $20,000. Title challengers will make $30,000 and champions will pull in $40,000. The UFC's contract with Reebok is worth $70 million over six years. Fighters cannot wear any of their own sponsors inside the Octagon, during fight week or as part of any UFC-related event.