Again a wacko Idea from me, I wanted to hear some thoughts on..
Please wizards play with this one

Super Heavy weights, Heavy weights, Cruser weights, Light weights, Super light weights, and Feather weights.
SHW. would be the Myths.
HW. would be the Legends and Champions.
CW. would be the Titans down to Rising Heros.
LW would be from Expert to Veterans.
SLW would be from Great adventures to Adventures.
FW would finally be the Wanderer to Beginners.
Those below beginners would have to train some more to enter the fights.
Good, now thats settled. 6 classes.
there would be 10 contenders in all the classes.. nr 1 is title holder. and 7 rest, contenders. + 2 jokers. (10 in all)
There would be a fixed scedule for fights, say pr 2 month there would be a championship. To crown new champs, reclaim titles, and defending titles.
At first we need some fights to see whos worthy of a title. it will go like this.
it would start with an 10 man brawl in the arena of each class.
first two out would be "jokers" then from 8 to the last man standing will be the fight line up.
......................................................................................................
1 vs 2
3 vs 4
5 vs 6
7 vs 8
then you would have 4 winners to move on and 4 out.
1 vs 2
3 vs 4
You would then have eliminated 2 more. and then 2 for the championship.
1 vs 2
= 1 Champion.
......................................................................................................
"jokers"
Then after the 1st rounds of fights are over there would be a chance for the jokers to take a cheep shot at the championship. By defeating 2 of the loosers. Not direct shot at champion, but have to fight 2 of the other nine contenders. the joker can choose any given one. Win those two fights and you get a shot at the title.(including joker vs joker)
These fights will not be at the championship night, but during the period until next champion ship.
that means within 2 months time it will have to happen, and be logged on a board. and attended by the crowds. including fighting the champion.
Then say we have moved forward 2 months in the game and its time for the next championship.
The champion, has defeated both jokers, and remained title holder.
there would then be a new mass brawl, between the 9 contenders, Last man standing would then get a chance to claim the title, and first two to leave will be jokers.
Then if the champion defends contender that won mass brawl s(he) would remain champion.
and then the joker rounds could begin untill the next champion ship. and if not any challenges, the champion will remain champion. Untill s(he) looses the title in a fight.
If a joker defeated the champion. during the period between championships, then the new champion would hold hes title untill s(he) is defeated. and the defeated one will go in the "mixed bowl" with the rest of the 9 contenders.
But the defeated champion would then become joker, untill next events brawl. to contend for championship.
"Mixed bowl".
Rest of the pack. 9 brave fighters wanting to become champions. Way for them to get a go at the title holder is to defeat (in the arena, logged and viewed) 4 of the others from the mixed bowl. as would any other in that bowl be able to. (jokers included, they just have to win 2 fights to get a shot at the title as mentioned above.)
If x then wins 4 fights in a row, you would then get a chance to become champion, Get a title shot. Aim for the big one, go for the belt.. ect ect. These fights would happen to take place with in the period of championship events.
Injuries(deaths)
If a player dies while contending in the championship and loses size s(he) would then lose the place in the mixed bowl and will be on the injured list until s(he) has regained size.
The bowl will not change unless someone retires from the championship, then a noncontender can enter and claim a shot. 10 is the max for the bowl.(and proberly to much for current playerbase anyway.

Refusing to fight.
If the champion refuses to fight, s(he) will the would then lose the title and the championship would again be open and we go back to round 1 again. With 10 man all mix in the bowl and contending for the belt.
None contenders.
Any man, woman, peck, tree-hugger or other runts from the realm are free to sign up for the championship as noncontenders, and will only have to enter if one of the contenders in the bowl retires.
Retirement.
Any player can chose to retire and live a normally life outside all the fighting, If a player from the bowl so choses he will be replaced by a none contender.
If a champion retires the championship will again be open. and we start of with a new mass brawl. to find out who claims title. (rd 1 again) and who will be jokers.
Retiring champions would the get a little golden ring, to wear so people still could reconize them and remember their times as champion. Become a bit of a legend if you have a good Klitschko streak and retire

benefits for champions.
Along with every title comes a belt. something the player would have in s(hes) inventory, able to wear and perhaps some emotes along with it.
As title holder you will be be known through out the lands, people in towns will know who you are so title holders will be able to buy cheaper stuff, and perhaps earn a few more coins when selling and buying. Your a champ, Known, people likes you. You will perhaps have a lower tax rate in the bank, not to much, but enough to make a little difference. You would pay half price when sailing. and smiths would offer to repair your stuff for free.
contenders benefit.
pay less when repairing, pay less when sailing. You will still be a known fighter, but not as known as the champion.
You basicly get the idea by now i hope.

but if you get it, please share some feedback,.