Section 12 AAC 06.510 - Contract between promoter and professional boxer(a) A contract between a promoter and a professional boxing contestant must be executed on a form provided by the commission.(b) Every contract for a professional boxing contest must include the following clause: "The contestant agrees to wear an abdominal guard that is of the contestant's own selection and is of a type approved by the commission and that will obviate the necessity of making any claim during the contest on account of a low blow. It is understood that this contest will not be terminated on account of a low blow, as the protector selected by the contestant is, in the contestant's own opinion, sufficient protection to withstand a low blow."
(c) Except for federal taxes, a promoter may not deduct any amount from the gate receipts until all contestants have been paid.(d) A contract which provides that a contestant must fight exclusively for one promoter or at that promoter's option is prohibited.(e) A promoter must submit a contract which requires that a contestant accept a percentage of the gate receipts and pay the contestant's opponent a part of that percentage. The contract must be submitted to the commission for its approval before the contract may be signed by the contestant.(f) The promoter shall provide to each contestant competing in an event subject to AS 05.10 and this chapter a copy of a written contract, in a form approved by the commission, binding the promoter to pay the contestant either a specified fixed fee or percentage of the gate receipts.(g) A copy of the contract must be filed with the commission, and a copy shall be retained by the licensee or promoter of the contest.(h) The commission representative in attendance at a contest shall determine whether the contract required by this section has been delivered to each contestant and may require that a sufficient amount of the gate receipts be set aside to pay the contestants according to such agreement.Eff. 4/29/91, Register 118; am 3/18/92, Register 122Authority:AS 05.05.020(b)
AS 05.10.010
AS 05.10.020