TPWW Forums - Amazing: Benefits (401K) for wrestlers?

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Amazing: Benefits (401K) for wrestlers?

Quote:

Partial Source: Pwinsider.com

Hulk Hogan was asked recently for his opinion on the engagement of ex-wife Linda to her 21-year-old beau Charlie Hill. Said Hogan: “I’m ecstatic for her, I’m very happy for them. I think they’re perfect for each other. I wish them the best.” I smell sarcasm.

Seven names have been confirmed as signing with the upstart Florida promotion being run by Sean Davis: Booker T, Paul London, Rocky Romero, Sonjay Dutt, Super Crazy, Hijo Del Rey Misterio and 2 Cold Scorpio. There are reportedly some younger talents who have also signed, but they remain unconfirmed. Also unconfirmed is the rumour that some big-name Ring of Honor talents have signed with the new promotion.

The contracts reportedly to not kick in until October, which suggests that the project will get underway then. No dates or locations have been set for tapings yet. The plan as it stands is to expand beyond Florida and to try and get a national TV deal, though those involved realise that the deal won’t happen overnight. Indications are that the promotion does not intend to buy a TV slot, a move that has killed off several new promotions.

Reports say that the secrecy around this promotion is due to the promotion not wanting there to be a big buzz around it. That buzz would leave fans anxious for the promotion to start while they are still building the infrastructure of the company. One big thing that is rumoured is a benefits package for wrestlers that includes full medical coverage and a 401k, as well as stock options. This package was something Milton Wilpon wanted after hearing the stories from older talent on how they were treated.

WOW! Could this be a new way of doing business?

I hope so wrestlers definitely need a better health plan.

Quote:

Originally Posted by Savior (Post 3176932)

I hope so wrestlers definitely need a better health plan.

Especially if anything that has to do with Rey Mysterio is there.:shifty:

I imagine one of the problems with offering a health plan is that the cost would be outrageous...

Snitsky needs braces.

Quote:

Originally Posted by Lock Jaw (Post 3176969)

Snitsky needs braces.

Dental Plan!
http://www.blogdelossimpson.com.ar/w...o-de-lenny.gif

The business is most likely gonna chew these guys up, eat all of their money and spit them out.

Quote:

Originally Posted by rated rjo (Post 3176980)

Dental Plan!
http://www.blogdelossimpson.com.ar/w...o-de-lenny.gif

NOT LENNY!!! :'(

How much does it cost to cover a wrestler? I thought they were pretty much un-insurable.

I'm liking the roster of this new promotion so far. It may not be epic, but consider that some ROH guys might be in there, and that there are probably more guys signing, and this could be an awesome little venture, providing it works out for them.

Noid they also signed XPac and Vader.

did they sign 1992 Vader or 2010 Vader?

I heard they signed Hogan 80's.

But no.....It sounds like they have something well planned as far as starting up. I would be interested to see it.

Quote:

Originally Posted by Loose Cannon (Post 3177257)

did they sign 1992 Vader or 2010 Vader?

I think they splurged and got 07 Vader, the one who fell getting out of the ring.

I wonder if Davey Richards would swerve everybody and not "retire" at the end of his contract but join this new company. I hope they can snag Dragon and Cabana as well. Delirious would be a good catch from ROH as well...