Thread 18366254

Hulkster's last WCW contract
The BIG one

you wanna know what really killed wcw? it was this quite frankly

50% of all licensing...holy fuck

Last
>>18366289
Look at those PPV bonuses on top of the base salary. 695,000 per appearance + PPV points detailed on the next page
Ridiculous

>>18366254 (OP)
>>18366298
Did Barry Bloom negotiate this deal I wonder.

>>18366284
>shall have approval over the outcome of all wrestling matches in which he appears

a wet dream agreement for most wrestlers

>>18366254 (OP)
>>18366263
>>18366267
>>18366271
>>18366271
>>18366277
>>18366284
>>18366290
>>18366295
>>18366300
And people wonder why hogan protected his spot and didn't want to lose to raven or some shit

>>18366289
Sonny Onoo sued WCW and they had to like reveal a bunch of contracts or something and it was fascinating stuff. They were throwing money at everyone like crazy

Would be interesting to see some of the other guys contracts. Would be funny if there was some kind of Mel Brooks Producers scenario where WCW could make more money the fewer PPV buys they sold.

if I had a contract this good I'd have the KGB on call helping me bury people kek. I don't blame hogan now

>>18366326
sounds kinda familiar. no one would make this same mistake though right? haha

>>18366333
no way man. wrestling is a business famous for learning from mistakes of the past

>>18366307
It's absolutely insane. I know the average guy wouldn't get what 50% of that means but I'll break it down. It means ANYTHING Hogans name was branded on>>18366300
which was a ton of shit...after they made it, shipped it and sold it...he got 50%. That is almost impossible to believe. To put that into perspective, Michael Jordan was getting 5% from Nike (granted, huge new contract bonuses too) but still.

>>18366308
This is what actual Creative Control looks like btw.
Legally coded into a written contract like this.
All those tards screaming about Mercedes having creative control don't know what the fuck they're talking about.

it's actually kind of insane that the WCW corporate lawyers and accounts just saw this contract and were like "sure fuck it why not"

>>18366347
Wasn't there also the scam of literally ANY WCW branded action figure. regarldess of who it was of, would ring up as "Hulk Hogan action figure"
This motherfucker was collecting the royalties off every other WCW wrestlers' action figures as well.

>15% of PPV cable sales
>25% of ticket sales for TV shows and house shows
>50% of merchandise sales and licensing fees
>total control over match outcomes

Pretty good deal.

>>18366289
This contract was the equivalent of Hogan finding a guy with 2 broken legs, that he could have still healed up from, and just driving a knife right into his lungs/heart.
WCW was in bad shape sure, but this was a huge part of the financial death blow that actually killed it. He FLEECED Turner dry.

>>18366443
1998 was still good shape, but yeah, his contract was fucking insane. Shit, Hall and Nash got bumped up around this time because I believe they had it in contract that only Hogan can make more, so when Bret came in, they got bumped up to make the same as Bret.

Like fuck, they were burning money.

>>18366347
Jordan accepted equity in exchange. He made Barkley do the same, so they made out insanely rich, but yeah.

>>18366457
>they had it in contract that only Hogan can make more, so when Bret came in, they got bumped up to make the same as Bret.
Favoured nations clause, brother

>>18366484
>Favoured nations clause, brother
Yeah. That's just nuts. Bischoff throws out so many reasons they went under, but never points at the bloated contracts Turner had to deal with. They went from making 30 Mil in 98 to -60 Mil in 2000. WHO THE FUCK WOULD KEEP THAT?!

>>18366254 (OP)
literally how tf did hogan blow this money, it seems like an unfathomable amount to spend and thats not even factoring in the fact that it was the late 90s and the dollar was worth more

>>18366300
>Mug-T (T-Shirt in a Mug)
based

>>18366504
and then the individual mug and t-shirt can also be 2 other separate items he can also get paid on.
brother

>>18366492
Maintaining a mansion and the divorce he went through the following decade will eat that money up quick.

>>18366388
Yes, Jericho had brought this up too.

>>18366421
It's a crazy deal honestly. Great for Hulk but no idea why WCW would give him that. No wonder they went out of business.

>>18366565
They had nowhere else to turn. They had to ride or die with the Hulkster.

>>18366504
>Take one gimmick;
>stick it in another gimmick;
>that's a whole new 3rd gimmick you can sell for 100% more!

>>18366489
It wasn’t because of hogan,hart, Nash, or hall’s contracts

It was Turner putting loses on their books, declining ratings, and ppv buys from bad creative and direction

>>18366492
I'm surprised he didn't say he donated it all to charity or something. Online smarks woulda been fuming

>>18366307
This has to be by far the most lucrative/talent friendly contract any wrestler/top guy has ever secured in pro wrestling right?

>>18366254 (OP)
It would be interesting to see his WWF/WWE contracts

>>18366615
BROTHER

This makes me wonder how absurd the AEW ones are

>>18367359
Sad!

>>18366300
brothers where can I get my officially licensed Hulk Hogan Kaleidoscope, shower curtains, Hulk Hogan Suspenders and Hulk Hogan Kite

>>18367443
If you think any AEW contract is more ridiculously lucrative than this contract, you are just completely deluded. Nobody in AEW is making this kind of money or these levels of merchandising/compensation/bonus agreements. I guarantee it.

>>18367538
No professional athlete or entertainer has a contract like this these days. Part of me wonders if it's a work but I have heard so many other wrestlers talk about it, I don't think it is.

>>18366254 (OP)
And he has the audacity to say he made more money from his failed C-series movies than from wrestling

>>18367560
No this is a real contract alright, the infamous Hogan WCW contract people always reference/ joke about in the biz. I forget which lawsuit it came out in publicly as part of the discovery but it's 100% legit. Might have been the racial discrimination lawsuit maybe. or the Hogan/Russo lawsuits over Bash at the Beach 2000

did the MFN clause make them have to match signing bonuses or did it only deal with base salary? Because if they had to match or even hit like 25-50% of the $2m signing bonus holy shit you can see why they went out of business

and then about a year later Vince Russo came to town and eventually pissed all over Hogan's contract and forced him to take his ball and go home and Hogan ended up not hitting a bunch of those numbers in 2000 and then in early 2001 Vince bought WCW so Time Warner only had to pay Hogan the minimum since there was no more tv, ppv or merchandise
So Hogan didn't really see nearly as much as that contract would have allowed him to get it

>>18367745
>can see why they went out of business
They didn't actually ever go out of business AOL who bought Time Warner didn't want wrestling and were fine selling out off cheap to the point even Bischoff and some investors had a deal lined up but it didn't happen because AOL said they didn't want wrestling on their network.
If Turner didn't sell to AOL, WCW would have continued on.

>>18366377
And Bischoff had the balls 10 years later to blame Turner exces for his retarded overspending.

>>18366254 (OP)
There is literally nothing wrong with trying to steal as much money as possible from a soulless corporation.
Based Hulkster 2bh

>>18367990
THANKS FOR DRAWING THE HOUSE GOATSTER

>>18366377
Makes you wonder how much money they thought they'd make out of it

>>18367538
No, nothing like that, I'm simply wondering because AEW situation is very different to WCW's, as in it does have near unlimited backing but zero financial success.

>>18367898
Fuck off with this obvious bullshit. They didn't sell to Bischoff because one of his main investors looked at the books and immediately pulled out. Bischoff's group then offered to pay for the company by yearly installments and Time Warner laughed at him and opened negotiations with Vince. They ran off 80% of their paying audience and were bleeding money out the ass. Time Warner was not keeping that thing on the books.

>>18366643
>>18367898
yeah this stuff is clear Bischoff simp narrative trying to rewrite histry, this is what Bischoff has spent the past 4 yrs doing with his endless podcasts etc. The "WCW was being made eat loses from Warner Home Video/etc" is one of those, as well as the "snooty AOL/Turner didn't want rasslin on their network" thing. They loved "rasslin" in 96/97/98 when it was massively successful for them and generating money. After that? not so much

>>18367538
Just the stuff on page 1 is around 10-12 million. How much is all of this worth together, including the licensing? 50 million?

>>18366263
>25% of the gate per WCW episode
that's fucking crazy

>>18366300
>painted balls

>>18366326
>>18366289
billionaire ted had the money and he wanted the product. the main thing that killed WCW was Ted losing control over his own company. if he had maintained control WCW could have lost a ton of cash and he wouldn't have cared. It's like how the detroit tigers lost a ton of money in the 2010s because the owner wanted a championship and didn't give a shit about how much it cost him since he was 90

>>18368287
>He didn't have the full collection of HH painted balls
All the colors of the rainbow dude;
Red, Yellow
Black, White
And that's it jack