The PRIDE grand prix has three rounds, although the 2000 HW gp and the 2003 Middleweight (light heavyweight by UFC terms) touramet had only 2 rounds.
The first round of current tournaments is called "Total Elimination", the second round is "Critical Countdown", and the third round is "Final Conflict". At Final Conflict, the winner has to win two fights in one night.
Bushido tournaments are set up in the same way but the naming is different. As for Bushido, it features lighterweight fighters, although when it first started it featured mostly up and comers and was sort of a developmental league.
The rest of this post is from the wikipedia article on Pride. As for tournament bracket setups, not too sure how the matches are determined.
PRIDE's rules result in similar styles of fighting as seen in Ultimate Fighting Championship in the United States. Unlike the UFC, where matches take place within a cage, PRIDE holds its bouts within a boxing style ring. Other notable differences between PRIDE FC and the UFC are:
Kicking and kneeing a downed opponent are allowed in PRIDE but not in UFC.
Elbows to the head/face are allowed in UFC but not in PRIDE.
Weight classes
Heavyweight (more than or equal to 93 kg / 205 lb)
Middleweight (less than 93 kg / 205 lb)
Welterweight (less than 83 kg / 183 lb)
Lightweight (less than 73 kg / 160 lb)
Match length
Most PRIDE FC matches are broken down as follows:
Round 1 - 10 minutes
Round 2 - 5 minutes
Round 3 - 5 minutes
There are two-minute breaks between rounds.
Notes
In the event that a fighter is injured by illegal actions, then at the discretion of the referee and ring doctor, the round will attempt to be resumed after enough time has been given to the fighter to recover. If the match cannot be continued due to the severity of the injury then the fighter who perpetrated the action will be disqualified.
In the event that both fighters are on the verge of falling out of the ring, the referee will alert them and ask them not to move. The fighters must immediately stop their movements and will then be pulled back to the center of the ring, exactly in the position they were in. They will then resume the fight at the referee's call.
The “No Contest” Rule---When an illegal action disqualifies both fighters or the judges decide to stop the fight because of an accident (in the first round), then the fight shall be called a "No Contest." However, in the case that the accident happens during or after the second round, a decision shall be made according to the fighter's performance during the first round and the preceding round(s) before the accident occurred.
Upon the fighter's choice, gi, kneepads, elbow-pads, shin guards, taping and ankle supporter may be worn, but each should be checked by the referee before the fight. Mouthpieces and cups are mandatory for fighters.
Weight classes are as follows:
Middleweight Class: Weight less than 93 kg/205 lb. Heavyweight Class: Weight more than or equal to 93 kg/ 205 lb.
If both fighters are in the middleweight class: If there is a weight difference of 10 kg/22 lb or more between the fighters, then the lighter fighter is given a choice on whether to permit knees or kicks to the face when the fighters are in the "four points position."
If both fighters are in the heavyweight class: If there is a weight difference of 15 kg/33 lb or more between the fighters, then the lighter fighter is given a choice on whether to permit knees or kicks to the face when the fighters are in the "four points position."
If the match is between a middleweight and heavyweight: If there is a weight difference of 10 kg/22 lb or more between the fighters, then the lighter fighter is given a choice on whether to permit knees or kicks to the face when the fighters are in the "four points position."
The PRIDE FC ring is 7 meters by 7 meters (approximately 23 feet by 23 feet).
Additional notes
Rules for the BUSHIDO events are generally the same as PRIDE FC rules with some exceptions:
In BUSHIDO fights are two rounds (instead of three). The first round is ten (10) minutes, and the second round is five (5) minutes. There are no extra rounds. If the fight goes the distance then judges decide on a winner.
For BUSHIDO "Challenge Matches," fights are two (2) rounds. The first and second rounds are five (5) minutes each. If the fight goes to the full time limit no decision will be rendered. The fight will be ruled a draw.
In BUSHIDO, red cards are used in the same way that yellow cards are used in PRIDE FC. In BUSHIDO, if fighters commit the following actions, they shall be given a red card by officials: Stalling or failure to initiate any offensive attack, making no attempt to finalize the match or damage the opponent, and holding the opponent's body with the arms and legs to produce a stalemate. A red card results in a 10% deduction/fine of the fighter's fight purse. A major difference in the penalty card system between PRIDE FC and BUSHIDO is that in PRIDE FC a total of three yellow cards results in a disqualification, while in BUSHIDO red cards can be given out in an unlimited number without disqualification
GRAND PRIX tournament events follow the same rules as standard PRIDE FC events with one exception:
The round format shall be ten (10) minutes for the first round and five (5) minutes for the second round during tournaments in which fighters must fight more than once in the same event (most commonly in an event that will have the semi-finals and finals). During the opening round of a tournament in which the fighter will only be fighting once that evening, then the round format is the standard 10-5-5.
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