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#1 |
"Ask him!"
Posts: 10,072
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Hulk Hogan's 1998 WCW Contract
http://www.scribd.com/doc/287131780/...tract-with-WCW
Take a look before they pull it. Amongst others, here are a few of the highlights: - Hogan was paid a $2 million bonus simply for signing the contract. - Hogan was given 25 percent of the ticket revenue made during any Nitro or Thunder event that he participated in, with his minimum cut being $25,000. - Hogan was paid $20,000 (every month!) for being associated with nWo. - Hogan was handed 15 percent of PPV sales for all PPV events that he took part in, with $675,000 being the minimum amount he would collect. - Hogan was set up to receive 50 percent of the profits that WCW made for selling any merchandise directly related to him. Kinda makes it hard to feel bad for him. ![]() |
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#2 |
President of Freedonia
Posts: 58,316
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This uploader has all kinds of interesting stuff uploaded.
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#3 |
Skibbidy Lock Jaw
Posts: 88,592
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Interesting.... Dude also has up a file that lists each member of the WCW roster and what their contract/pay was: http://www.scribd.com/doc/282738951/...tract-Database
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#4 |
Former TPWW Royalty
Posts: 66,647
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Does that also count Hogan getting a percentage of merch sales not related to his own stuff. Think Jericho talks about that happening to him in his Breaking the Code dvd set.
Hogan getting paid that much to just to be associated with the nWo would help explain why the group lasted way too long and the whole Starrcade 97 debacle. |
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#5 |
MVP Mark
Posts: 16,451
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No way that is legit. 25% of all ticket revenue? No way.
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#6 |
shisen sucks all the cock
Posts: 1,617
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Hogan cheerleaders coming into the thread soon
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#7 |
Best Poster
Posts: 57,037
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Deserved every penny
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#8 |
Reigning Tipsters Champ!
Posts: 2,088
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He legitimised them and was responsible for bringing in others like Savage. If the 3rd member has been anyone else, the nWo angle might never have got off the ground either. And yes, I know that is debatable and we will never know for sure.
The point is though that they needed to take massive risks to compete with WWE initially and they did that. The problem though was that they were never able to move on and create their own stars and a viable business after that. But initially, he was probably worth a lot of what he made. |
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#9 |
▬▬ஜ۩۞۩ஜ▬▬
Posts: 16,011
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Uploaders gonna upload
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#10 |
Resident drug enabler
Posts: 45,473
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I say it wasn't enough.
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#11 |
Posts: 3,755
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He deserved what they were willing to pay him.
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#12 |
"Ask him!"
Posts: 10,072
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It is a crazy ass contract, but frankly, if WCW was willing to agree, then good for Hogan for getting the cash flow. Can't hate a man for wanting to make a good living, have a nice house, nice things, provide for his children, and of course make enough so that when his wife takes him to church he still has SOMETHING.
And frankly, there's a great explanation in the Death of WCW book where they say that even if WCW eliminated all of these kinds of contracts for guaranteed money, they would STILL have lost money. Kinda curious what Nash's contract looked like. |
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#13 | |
Posts: 3,033
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Quote:
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#14 | |
Posts: 3,033
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Quote:
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#15 |
shisen sucks all the cock
Posts: 1,617
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The $ was never an issue. Those two dirty words they gave him was the problem. God bless vinny ru @ batb!
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#16 |
Posts: 61,510
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Kevin Sullivan talks about Hogan's ridiculous contract all the time. Ray Traylor, aka The Big Bossman, also had a hilarious one. I can't remember the exact sum, but whenever a PPV got a certain amount of buys, he'd instantly get paid a lump sum of money.
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#17 |
Posts: 3,033
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Same thing with Hogan's PPV buyrate clause in section 3, paragraph D. Really surprised by Traylor getting a large lump sum for PPV buys but then again, anything is negotiable.
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#18 |
Posts: 61,510
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The way Sullivan tells the story, the amount of buys a PPV needed to get were unforeseen at the time.
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#19 |
boop/bop/beep
Posts: 38,430
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Credit to him, deserved the money if they're willing to drop the cash.
Can't feel sorry for him for being broke and constantly being in debt though. He's an ass. |
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#20 |
shisen sucks all the cock
Posts: 1,617
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GDN is right. Always right. Tag partner
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#21 |
boop/bop/beep
Posts: 38,430
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TOOOOO SWEEEEEEEET
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#22 |
Make the IWC Great Again
Posts: 8,922
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#23 |
Large Marge sent me
Posts: 32,346
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Cool stuff. Thats about where I expect salaries to be. I like seeing who made what. For some reason we never hear about any of that.
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#24 |
shisen sucks all the cock
Posts: 1,617
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We didnt? "Sting money" was talked to death by nash. And big show never stopped telling you how much nash and hall were getting in every hindsight wcw dvd
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#25 |
LUV CABBAGE/H8 JEWS
Posts: 42,497
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Goldberg was paid 2,5 million?
Gillberg deserved this kind of money more. |
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#26 |
President of Freedonia
Posts: 58,316
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Thinking about it...feel like Hogan almost never wrestled on Thunder and he'd sometimes go a few months without wrestling on Nitro. He'd appear all the time but often just do promos and interfere. The contract says he needs to "appear and wrestle" to get the 25% of ticket revenue.
Hard to blame WCW for avoiding him working TV matches, because after a while that shit would add up big time. Plus at that point Hogan was in "less is more" zone anyway where seeing him wrestle should have been a special attraction. |
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#27 |
Inno Knows.
Posts: 43,710
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His lawyer deserves a healthy pat on the back for that contract.
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#28 |
LUV CABBAGE/H8 JEWS
Posts: 42,497
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I think his ex-wife's lawyer deserves it more.
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#29 |
wekasauce
Posts: 106,857
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Well, when you compare that to Ryan Leaf's rookie contract in 1998 (four-year, $31.25 million contract, including an $11.25 million signing bonus) it doesn't seem that bad.
I know, apples and oranges, but still fun to compare |
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#30 |
Quality Meme Producer
Posts: 19,372
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Came by to see if anyone needed a ride to Jelly School
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#31 |
( ._.)
Posts: 14,199
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When did the contract expire?
Edit: Oh would have been May 2001. |
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#32 |
Posts: 3,033
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#33 |
( ._.)
Posts: 14,199
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Only if they opted in for the forth year, which I don't think they would have.
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#34 | |
Posts: 3,033
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Quote:
Under section 11D, he still would have been under contract in year 4 as a wrestling consultant and could not be employed or perform for another wrestling promotion during year 4 (the term as defined in paragraph 1). In consideration, which is necessary to have a binding contract, for Hogan's 4th year services he would be paid $100,000 as a consultant to WCW if he didn't wrestle for them that year. It's likely in 1998, Hogan was anticipating taking time off in year 4 to take a break and start talking about a new deal with WCW had they still been around obviously. |
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#35 |
( ._.)
Posts: 14,199
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Hmm is that so... Happy 1,000
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#36 |
Posts: 3,033
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#37 |
Posts: 3,033
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Does anyone remember how regularly Hogan made appearances on Nitros or Thunders starting in June of 1998? I don't remember him appearing hardly at all on Thunder, especially after 1998, but I also switched primarily to watching WWE starting early in 1999.
The reason I ask is, he got paid 25% of the gate or at least $25k, for appearing on TV even if he didn't wrestle at the TV taping. That does seem like a crazy stupid business decision for WCW to agree to for someone to potentially just appear in a backstage segment and not have to work a match to me, even for someone like Hogan. Not that I doubt that it happened, just seems crazy dumb to me financially for WCW. Maybe something like 10%/$10k for appearance or 25%/$25k for wrestling would have been a better business decision. |
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#38 |
shisen sucks all the cock
Posts: 1,617
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Hogan never showed up much in may into early june because of Nba playoffs.
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#39 | |
LUV CABBAGE/H8 JEWS
Posts: 42,497
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Quote:
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#40 |
You can't teach that
Posts: 19,337
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Flair had a nice appearance deal
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