NAC467.142. Payment of purse: Time and manner; permissible withholding.

     1. All payment of purses must be made:

     (a) Immediately after the contest or exhibition; or

     (b) If the unarmed combatant is to receive a percentage of the net receipts, immediately after that percentage is determined by a person designated by the Commission, unless otherwise ordered by the Commission.

     2. Before the start of a contest or exhibition, the promoter shall deliver to the Commission, checks, letters of credit or another method of payment that is approved by the Commission for distribution to the entitled persons. All methods of payment other than checks must be submitted to the Commission not later than 10 days before the date of the contest or exhibition.

     3. Immediately after the contest or exhibition, the person designated by the Commission will release the payments to the entitled persons and will obtain their signatures on a list in which they acknowledge the payment.

     4. The promoter may withhold an amount of not more than 10 percent of the purse for payment of expenses incurred by the unarmed combatant. A reconciliation of those expenses and payment of the undistributed portion of the purse must be made to the Commission on the Commission’s form within 5 working days after the contest or exhibition. The reconciliation must bear written approval of the unarmed combatant before it is submitted. If good cause is shown, the Chair of the Commission may grant an extension of the date for reconciliation for a period not to exceed 30 days after the contest or exhibition.

     [Athletic Comm’n, § 91, eff. 4-25-78]—(NAC A 12-13-82; 11-2-88; 12-2-97)