DiBella Cancels Rest of 2016 NY Shows
While MMA’s arrival in New York has been widely celebrated, it comes with a potentially grave cost. The state’s new insurance requirements under the "MMA Law" have left established boxing promotions like DiBella Entertainment with no option but to cancel events in the state they’ve made a home in.
Lou DiBella, a longtime promoter who has put on many shows in New York over the years, has put the rest of his promotion’s New York dates on hold, DiBella Entertainment (DBE) announced in a press release on Friday:
"DiBella Entertainment ("DBE"), the most active boxing promoter in New York and one of the foremost in the United States, announced Friday that it has released its dates on hold with the New York State Athletic Commission through the end of the year, effectively ending the boxing program in New York until at least 2017. The announcement is a direct result of New York’s new insurance requirements, which have made it impossible for promoters to purchase the coverage necessary to do an event in the state and the New York State Athletic Commission’s failure to use its authority to alter the requirements.
N.Y. Gen. Bus. Law § 1015, colloquially known as the MMA Law as it also served to legalize Mixed Martial Arts in the state, went into effect on September 1, 2016, requiring promoters to purchase $50,000 in medical coverage and $50,000 in death benefits for all athletes competing in an event; this is an increase from $10,000 in medical coverage and $10,000 in death benefits, but is in keeping with other states at the forefront of boxing safety such as California and Nevada."
Even more troubling than the increase in required coverage is the $1 million insurance coverage required per athlete "in the event of life threatening brain injury". According to DiBella’s press release, the commission has not taken the steps to authorize any insurance carriers to offer such a policy.
DiBella further criticized the New York Athletic Commission on Twitter:
— Lou DiBella (@loudibella) October 28, 2016
Stay tuned to FightSports.TV during the coming weeks for more coverage of the MMA Law and its impact on boxing in New York.