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Old 07-27-2010, 10:53 PM   #1
YoungFlyFlashy
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Amazing: Benefits (401K) for wrestlers?

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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?


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Old 07-27-2010, 11:08 PM   #2
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I hope so wrestlers definitely need a better health plan.
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Old 07-27-2010, 11:12 PM   #3
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I hope so wrestlers definitely need a better health plan.
Especially if anything that has to do with Rey Mysterio is there.
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Old 07-27-2010, 11:26 PM   #4
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Snitsky needs braces.
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Old 07-27-2010, 11:34 PM   #5
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Snitsky needs braces.
Dental Plan!
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Old 07-28-2010, 12:00 AM   #6
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Dental Plan!
NOT LENNY!!!

How much does it cost to cover a wrestler? I thought they were pretty much un-insurable.
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Old 07-27-2010, 11:18 PM   #7
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I imagine one of the problems with offering a health plan is that the cost would be outrageous...
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Old 07-27-2010, 11:37 PM   #8
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The business is most likely gonna chew these guys up, eat all of their money and spit them out.
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Old 07-28-2010, 03:06 AM   #9
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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.
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Old 07-28-2010, 09:50 AM   #10
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Noid they also signed XPac and Vader.
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Old 07-28-2010, 10:23 AM   #11
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oh dear
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Old 07-28-2010, 10:27 AM   #12
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did they sign 1992 Vader or 2010 Vader?
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Old 07-28-2010, 01:43 PM   #13
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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.
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Old 07-28-2010, 11:58 AM   #14
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I heard they signed Hogan 80's.
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Old 07-28-2010, 11:59 AM   #15
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But no.....It sounds like they have something well planned as far as starting up. I would be interested to see it.
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Old 07-28-2010, 02:30 PM   #16
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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...
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