Bodog Beat

"Chainsaw" Charles McCarthy is calling it quits after losing to Michael Bisping in Montreal. (MMAweekly.com Photo)

After a first-round TKO loss to Micheal Bisping (15-1) at UFC 83: Serra vs. St. Pierre 2 on April 19 in Montreal, Canada, Ultimate Fighter "Chainsaw" Charles McCarthy (10-5) is calling it quits.

"I would like to announce my formal retirement from Mixed Martial Arts competition," McCarthy says. “I have achieved many of the goals I set out to accomplish in this sport and found others just out of reach. It is now time for me to lay down my gloves and rededicate my attention towards my business, my fighters, my family and my team.

“The successes I have found in my career are due in large part to all the great people who have helped me along the way," he explains. "Being involved with the true champions at American Top Team has guided me to become a better father, husband, teacher and friend. Without the great generosity of ATT my life would have had a void. I hope that everyone reading can one day feel the love of a great family as I have.”

Speaking with MMAweekly.com, McCarthy explains that retiring was something he thought about even before his loss to Bisping. "It’s something that was in the back of my head a little bit," McCarthy says. "We train so hard and we put so much time into it. I figure I’ve worked since November to do this and there’s so many other things going on in my life that I put on the back burner since November. You know, at the end of the day, that paycheck that used to be enough, isn’t enough anymore."

"Chainsaw" was a +260 underdog in the Bodog Sportsbook, heading into his last fight.