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From what I could find on wikipedia and the internet in general, looks like to be both an accident and something the new management group wanted after Ted Turner started to lose power.
The group only had 3 members so he was mostly a temporary replacement that ended up being a full-time member and the new management at the time wanted some new faces for the group and pushed for Mondo due to his real life accomplishments. Might be also around the same time Bischoff started to grow his control within WCW.
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