No, now the 8 fighters move to the quarter's where they drop down to 4 fighters and then the 4 drop down to 2 and they move on to fight for the title and the 6 figure contract.

Though they do eind up giving contracts to 6-8 guys per season a number of these guys make PPV's and in italics are all the guys that had earned and fought for the title I underlined the ones who won the title.

Season 1 - Forrest Griffin, Stephan Bonner, Josh Koschek, Ken Florian, Deigo Sanchez, Mike Swick, Nate Quarry, Chris Leben
Season 2 - Joe Stevenson, Luke Cummo, Melvin Guillard, Marcus Davis, Keith Jardine, Rashad Evans
Season 3 - Micheal Bisping, Kendall Grove, Matt Hamill, Ed Herman,
Season 4 - Travis Lutter, Jorge Rivera, Richard Clementi, Chris Lytle, Matt Serra, Patrick Cote, Pete Sell
Season 5 - Nate Diaz, Gray Maynard, Matt Winman, Joe Lauzon, Rob Emerson, Cory Hill, Manny Gamburyan, Cole Miller
Season 6 - Mac Danzig , Matt Arroyo, George Sotiropoulos, Troy Mandaloniz, Benjamin Saunders
Season 7 - Amir Sadollah, CB Dollaway, Matt Riddle, Matt Brown, Tim Credeur
Season 8 - Roli Delgado, Efrain Escudero, Phillipe J. Nover, Ryan Bader, Kyle Kingsbury, George Roop, Shane Nelson, Junie Browning, Tom Lawlor, Krzysztof Soszynski