April 15, 20205 yr comment_5914854 Funny how Vince can budget the XFL for up to three years of $150 million+ losses, but the 'rona shuts things down for over a month and he starts putting WWE folks in the catapult.
April 15, 20205 yr comment_5914855 It was reported earlier, but he also demoted Hunter recently, for whatever that's worth https://www.cagesideseats.com/wwe/2020/3/13/21178320/triple-h-quietly-demoted-wwe-management
April 15, 20205 yr Author comment_5914856 Mike Chioda has been with the company since 1989 apparently. That's (technically) four decades of service.
April 15, 20205 yr comment_5914857 1 minute ago, sek69 said: Funny how Vince can budget the XFL for up to three years of $150 million+ losses, but the 'rona shuts things down for over a month and he starts putting WWE folks in the catapult. My guess is that it's """"""better"""""" to release people now and ease the financial losses during the pandemic, and be able to rehire them later, than keep them, lose more money, and release even more people due to the massive losses. It sucks.
April 15, 20205 yr comment_5914858 Thing is, as long as WWE is getting TV money they're still getting the vast majority of the income they would be getting if things were going as normal. Losing the Mania gate sucks, but it's honestly the financial equivalent of stubbing your toe when you're still getting those fat Fox checks.
April 15, 20205 yr comment_5914859 Maria is gone now too, but posted an hour after Mike. These are presumably posted after the wrestlers are informed. Why wouldn't she have gotten the news when Mike did?
April 15, 20205 yr comment_5914862 It's almost like hoarding people just to hoard them ends up being a bad idea when you have financials coming up, and you have to try to maintain your pre-COVID profit goals. That's the rub, WWE doesn't have to release anyone right now. UFC is up to its eyeballs in leveraged debt, and Dana's promised not to cut anyone while this is going on. When Affliction Lex Luthor has the moral high ground, you know you done fucked up.
April 15, 20205 yr comment_5914863 Such horrid optics to send No Way Jose and Sarah Logan to a live Raw and endure multiple COVID risks along the way, only to fire them two days later.
April 15, 20205 yr comment_5914864 2 minutes ago, sek69 said: When Affliction Lex Luthor has the moral high ground, you know you done fucked up. Is he still thinking about Fight Island?
April 15, 20205 yr comment_5914865 3 minutes ago, KawadaSmile said: Is he still thinking about Fight Island? He wants to run a show on May 9, so probably.
April 15, 20205 yr comment_5914866 Reports are saying the agents being let go are just being furloughed, which is just being fired with the promise of being brought back when things get back to normal. Can any of them really trust that will happen though? Also didn't Gallows and Anderson just sign "please don't go to AEW" contracts not too long ago? I wonder if they got any buyout for that (who am I kidding, WWE contracts are so stupidly one sided it probably cost them money)?
April 15, 20205 yr comment_5914867 The list sucks for the people getting released but I count, at least, 10 of the current list who would be much better utilised and more useful elsewhere. EC3 and Maverick could slip into Impact into their old routine with no problem, Logan, Anderson, Gallows, Rush and Finlay seem like great picks for AEW, though they probably aren't in a position to expand their roster that much. You have to think Kurt Angle comes in as a special ref for something on PPV down the line Heath Slater has a great indy run in him, I'm sure. What is more alarming is that I had no clue Daivari was working as an agent. Hoarding wrestlers is one thing but hoarding agents is another.
April 15, 20205 yr comment_5914868 3 minutes ago, sek69 said: Also didn't Gallows and Anderson just sign "please don't go to AEW" contracts not too long ago? I wonder if they got any buyout for that (who am I kidding, WWE contracts are so stupidly one sided it probably cost them money)? Now I have more sympathy for The Revival not taking the money, because as we're seeing with this and saw with Bret Hart, WWE absolutely will not honor anything like that.
April 15, 20205 yr comment_5914869 I have to wonder if Angle just got cut from a talent contract but still has a Legends deal.
April 15, 20205 yr comment_5914870 I assume 205 Live is now just going to be rolled into NXT proper? I imagine Maverick is the first of many cruisers cut, not to mention NXT UK.
April 15, 20205 yr comment_5914872 5 minutes ago, Stiva said: I assume 205 Live is now just going to be rolled into NXT proper? I imagine Maverick is the first of many cruisers cut, not to mention NXT UK. Will Ospreay mentioned to watch if any UK guys get cut, since the government there apparently has some sort of program paying 80% of people's wages if they lost their jobs now. It smacks of something WWE can use to basically unload the NXT UK payroll to the government until things change.
April 15, 20205 yr comment_5914873 It's possible that the reason that no NXT UK people have been released yet is just that it is not business hours in Europe currently and tomorrow morning (Europe time) people will get released.
April 15, 20205 yr comment_5914876 4 minutes ago, sek69 said: Will Ospreay mentioned to watch if any UK guys get cut, since the government there apparently has some sort of program paying 80% of people's wages if they lost their jobs now. It smacks of something WWE can use to basically unload the NXT UK payroll to the government until things change. I don't know how the program in the UK is exactly, but a couple of European countries have programs where they support reduced hour programs. For example in Austria, companies can reduce people down to 10 % and the government pays the rest for a couple of months. Obviously, it depends a lot on the contract details as well. For example, if WWE declared NXT UK roster members as independent contractors, that kind of programs wouldn't apply.
April 15, 20205 yr comment_5914878 Just now, sek69 said: Will Ospreay mentioned to watch if any UK guys get cut, since the government there apparently has some sort of program paying 80% of people's wages if they lost their jobs now. It smacks of something WWE can use to basically unload the NXT UK payroll to the government until things change. If they furlough the NXT UK workers then, yeah, they'll get 80% of their wages from the government and WWE should kick in the remaining 20% Though, if they fire them outright, I'm fairly sure they won't be entitled any other government assistance than the welfare system so I really hope someone in WWE explains to Vince the furlough system before he just cuts the entire roster adrift.
April 15, 20205 yr comment_5914879 1 minute ago, C.S. said: Hmm... I'm all for Rusev showing up in New Japan.
April 15, 20205 yr comment_5914881 Watching Drake Maverick's reaction to his release almost made me cry. Feeling horrible for all those people getting cut today.
April 15, 20205 yr comment_5914882 3 minutes ago, Stiva said: I'm all for Rusev showing up in New Japan. All Japan and BIg Japan first, please.
Create an account or sign in to comment