UFC fighter John Cholish has announced his retirement from the sport after his submission loss to Gleison Tibau at ‘UFC On FX 8’ on Saturday night.

This was the 29 year-old’s second loss in a row after having also been defeated by Danny Castillo a year ago.

In total Cholish bows out of the sport with a 1-2 UFC record and 8-3 record overall spread out over a six year campaign.

Don’t be concerned for Cholish’s future though – he actually holds down a day job with a commodities trading company in Wall Street so he’s going to be just fine financially.

In fact, according to Cholish he was actually losing money by fighting for the UFC as he was being paid just $4,000 to show and $4,000 for a win during his time fighting in the Octagon which wasn’t enough to cover things like the cost of his training.

That’s disappointing to hear, and honestly I’m a little surprised to see his earnings were quite so low as the UFC have started to raise the bar a little in recent times with $8,000 + £8,000 for a win being a more common payout for a low ranked fighter.

Ideally I’d like to see them implement at least $10,000 + $10,000 as their standard basic salary, particularly as even undercard fighters these days have a significant role to play in the UFC due to the fact that their fights are often broadcast live on TV as was the case with Cholish’s fight on Saturday.

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Ross launched MMA Insight (previously FightOfTheNight.com) in 2009 as a way to channel his passion for the sport of mixed martial arts. He's since penned countless news stories and live fight reports along with dozens of feature articles as the lead writer for the site, reaching millions of fans in the process.