(Name your price, gentleman.)

Maybe now we know why Pro Elite is trying to hold on to existing fighter contracts, and it isn’t because they intend to hold an event in early 2009. It’s because Showtime and CBS are auctioning off all their assets. This, according to an SEC filing this week:

“Showtime gave the Issuer a notice pursuant to the Security Agreement, as amended, that it intends to sell all of the Issuer’s personal property, whether tangible or intangible, to the highest bidder at a public sale,” the filing states. “Showtime reserves its rights under the Security Agreement, as amended, and applicable law to adjourn or cancel the sale and thereafter dispose of such property in a public or private sale or in any other manner provided by applicable law.”

Awesome, everybody loves an auction!

The way I see it, there’s never been a better time to scoop up some fighter contracts and start an impromptu MMA organization in your backyard. You get all your buddies together, everybody throws in a few bucks, and the next thing you know you have Nick Diaz and Robbie Lawler ready to throw down at your next party. If you move fast you might even get them to throw in some of the EliteXC hip-hop dancers.

That’s it, let’s take up a collection right now. Think of the possibilities…