The towel throwing, heck that guy was already out and getting booted in the head again before or just as the towel was being thrown in. No thanks ... spectator only.
I don't think they will be looking for any big talent like the UFC does but instead will be taking people who want to fight and pay them next to nothing, even less then the UFC does. These people will be trying to make a name for themselves so that they can be picked up by people like the UFC. As long as you are fighting and somebody knows about it and you are winning, then you stand a chance of being noticed ... and there are a lot of guys in the wings lined up wanting this.