LAS VEGAS -- Jorge Masvidal has signed a new contract with the UFC just days before one of the biggest fights of his long career.
Terms of the deal were not disclosed, but Masvidal's co-agent, Malki Kawa of First Round Management, announced Thursday on social media that Masvidal penned an extension that would make him one of the top-five highest-paid fighters on the UFC roster.
Masvidal, who has been a pro fighter since 2003, fights his former best friend and roommate Colby Covington in a heated grudge match Saturday at UFC 272 at T-Mobile Arena.
Kawa wrote on Instagram that Masvidal's deal was signed after five months of negotiations with UFC chief business officer Hunter Campbell.
Masvidal, 37, has become one of the biggest stars in MMA after a late-career renaissance that was jump-started in 2019 with knockouts of Darren Till and Ben Askren and a TKO win over Nate Diaz. Masvidal's five-second running knee KO of Askren was the fastest finish in UFC history.
"His contract pays him like a champion and then some," Kawa, who represents Masvidal along with his brother Abe Kawa, told ESPN. "And the length of time will be that he will finish his career in the UFC."
Masvidal (35-15) has dropped two straight, both in UFC welterweight title fights against Kamaru Usman, ESPN's top pound-for-pound fighter. A Miami native, he has been in the UFC for nine years. Masvidal fought all over the world before that and began his career doing backyard fighting in South Florida alongside the likes of the late Kimbo Slice.
At the UFC 272 news conference Thursday, Masvidal noted that he will be getting a portion of the pay-per-view revenue from the card, while Covington, his opponent, will not. Covington has said this fight, because of how personal it is, is not about the money.
"My kids' kids are gonna be good for a long time," Masvidal said of his new contract. "So you sell that pay-per-view, boy."