- (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 122)
Authority: AS 05.05.020