XP disappears with new contract?

My fighters lose a bunch of banked XP when renegotiating their contract. Is the suppose to happen?

It’s always happened to me. Just assumed it was meant to do it. I always save until last match of contract and spend it all before offering new one.

Heartbreaking before I noticed, had 100k xp saved up on a young boxer over the 11 fight contract and poof…all gone.

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I like this as it brings an element of strategy. Deciding whether to use your stat points on lesser stats or wait a lot longer to use them.