Big news from the world of mixed martial arts.

The Professional Fighters Association (PFA) was established today to represent the collective interests of the fighters employed by the Ultimate Fighting Championship (UFC).

The goal of the “PFA” is to organize the fighters so that they can collectively bargain their terms and conditions of employment.

The “PFA” will not only be a union of fighters, but it will be governed solely by fighters. This way it is the fighters who will control their own futures.

The “PFA” has assembled a team of professionals to assist the fighters in this historic quest to take control of their careers and futures. The team includes long-time sports agent Jeff Borris, labor attorney Lucas Middlebrook, economist Andrew Zimbalast and an array of experienced staff.

Here is the press release issued by the Professional Fighters Association: