How exactly do wrestling contracts? - Wrestling Forum : WWE, TNA, ROH, Wrestling Videos, Women of Wrestling Forums
Reply

Old 09-30-2013, 04:47 PM   #1 (permalink)
Learning to break kayfabe
 
Join Date: Jul 2013
Posts: 217
KingSheamus 50 - 100
Default How exactly do wrestling contracts?

Work?

So basically, TNA says.. We'll pay you this amount of money if you do x number of shows with us, if you breach contract you dont get paid basically..

So if you ain't got a contract they ain't gonna let you on the show, because you could just walk out and that leaves the business in a tricky situation

So it's all about guaranteeing that the stars are on board, with a legal document that protects both parties.

So why let contracts expire like a hogan contract if he's a main pull for TNA?

Any more information you can provide about the details of these deals would be appreciated, im not familiar with the legal aspect of the contracts here.
KingSheamus is offline   Reply With Quote
Sponsored Links
Advertisement
 

Old 09-30-2013, 04:57 PM   #2 (permalink)
Asking Meltzer to rate my matches
 
SpeedStick's Avatar
 
Join Date: Feb 2010
Posts: 8,153
SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000SpeedStick 1501 - 2000
Default Re: How exactly do wrestling contracts?

Hulk Hogan contract is over in 6 more hours
SpeedStick is offline   Reply With Quote
Old 09-30-2013, 05:05 PM   #3 (permalink)
AND YOU SHINE MY SHOES IF I WANT YOU TO
 
M.S.I.I.'s Avatar
 
Join Date: Aug 2007
Location: Long Island, NY
Posts: 9,621
M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000M.S.I.I. 9501 - 10000
Default Re: How exactly do wrestling contracts?

Quote:
Originally Posted by KingSheamus View Post
Work?

So basically, TNA says.. We'll pay you this amount of money if you do x number of shows with us, if you breach contract you dont get paid basically..

So if you ain't got a contract they ain't gonna let you on the show, because you could just walk out and that leaves the business in a tricky situation

So it's all about guaranteeing that the stars are on board, with a legal document that protects both parties.

So why let contracts expire like a hogan contract if he's a main pull for TNA?

Any more information you can provide about the details of these deals would be appreciated, im not familiar with the legal aspect of the contracts here.
You only get paid per show if you're on a PPA (Pay-Per-Appearance) deal. For anyone who isn't, you typically have a structured contract with a downside guarantee (the bare minimum you'll get throughout the life of the deal).

Contracts expire because:

1. By most accounts, TNA is terrible at negotiating contract extensions well before the expiration date.
2. Some wrestlers let them expire for leverage to get more money. In other cases, TNA or that talent doesn't want to renew the contract.

It's no different than a contract at your typical workplace. If you're a coveted and accomplished employee of your business and your contract expires November 30th, then there's no rush for you to sign a new contract. You can wait it out and see what other companies might offer more money and better opportunities. If you're that business though you want to do whatever it takes to make sure you don't lose that worker.
__________________

Visualizing the realism of life and actuality
Fuck who's the baddest a person's status depends on salary
And my mentality is, money orientated
I'm destined to live the dream for all my peeps who never made it

Last edited by M.S.I.I. : 09-30-2013 at 05:10 PM.
M.S.I.I. is offline   Reply With Quote
Old 09-30-2013, 07:09 PM   #4 (permalink)
Learning to break kayfabe
 
Join Date: Sep 2013
Posts: 121
llennellV3 50 - 100
Default Re: How exactly do wrestling contracts?

Yes, basically keeps the talent in contract "obligated" to fulfill the time and terms negotiated in the contract. It can protect both the employer and the employee... but doesn't always work. If someone breaches (goes against) the contract, they get sued. Also, any new employer of the person who broke the contract can get sued in some cases...but that's way complicated. Contract are agreements...so they vary. Some people have creative freedom on their contracts, restrictions, vacations, and other things specified and agreed upon in the contract.


I worked by yearly contracts before. I did from age 24, to 28. I was stupid enough to sign new contracts as soon as it was put on the table, even tho I knew I was worth more.

I had surgery 5 month in my last contract...and can't do what I did before, so I could never go back to work with them. They could had terminated my contract (I think) but they were nice enough to pay me the 7 months left on the contract.


TNA DOES suck when it comes to keeping up with contracts. Sure, you can't control every one's, as mentioned above, some wrestler decide to wait, and thats on them...but TNA just does it way too often for a company in the entertainment business, with a competition with pretty much "unlimited" funds.
llennellV3 is offline   Reply With Quote
Old 09-30-2013, 07:35 PM   #5 (permalink)
Humbled
 
Join Date: Sep 2013
Posts: 147
StumpPuller 101 - 250StumpPuller 101 - 250
Default Re: How exactly do wrestling contracts?

It all depends on the wrestler. Hulk Hogan's contract isn't the same Robbie E's deal. TNA could fire Robbie E anytime they want because he has no leverage and cant negotiate in his favor. Hulk Hogan's contract couldn't be terminated. They could only send him home, although they'd still pay him his salary doing so. The likes of Sting, Hogan and Kurt Angle get their money. They aren't dummy's. Its why TNA can pay their lower talent so little. If you have no where else to go, you are pretty screwed. Like Konnan says "TNA's attitude to the locker room was if WWE wanted you, you'd be there right now".
StumpPuller is offline   Reply With Quote
Old 09-30-2013, 08:12 PM   #6 (permalink)
Fired by SCOTT STEINER
 
Chan Hung's Avatar
 
Join Date: Dec 2011
Posts: 5,455
Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500Chan Hung 1001 - 1500
Default Re: How exactly do wrestling contracts?

Quote:
Originally Posted by SpeedStick View Post
Hulk Hogan contract is over in 6 more hours
Whatcha gonna do brother when the largest contract in TNA runs out on you! :hogan
Chan Hung is offline   Reply With Quote
Old 09-30-2013, 08:54 PM   #7 (permalink)
Humbled
 
Join Date: Sep 2013
Posts: 147
StumpPuller 101 - 250StumpPuller 101 - 250
Default Re: How exactly do wrestling contracts?

Quote:
Originally Posted by Chan Hung View Post
Whatcha gonna do brother when the largest contract in TNA runs out on you! :hogan
Knowing TNA, probably re-sign him.
StumpPuller is offline   Reply With Quote
Old 10-01-2013, 01:39 AM   #8 (permalink)
Acknowledged by SCOTT STEINER
 
reyfan's Avatar
 
Join Date: May 2011
Location: Sydney, Australia
Posts: 1,185
reyfan 251 - 500reyfan 251 - 500reyfan 251 - 500reyfan 251 - 500reyfan 251 - 500
Default Re: How exactly do wrestling contracts?

I don't understand why they'd negotiate an extension to work out a new deal, if they know someones contract is expiring wouldn't it make sense to negotiate while the contact is still valid?
reyfan is offline   Reply With Quote
Old 10-01-2013, 04:57 AM   #9 (permalink)
Acknowledged by SCOTT STEINER
 
Join Date: May 2011
Posts: 1,332
Dimas75 501 - 1000Dimas75 501 - 1000Dimas75 501 - 1000Dimas75 501 - 1000Dimas75 501 - 1000Dimas75 501 - 1000
Default Re: How exactly do wrestling contracts?

Quote:
Originally Posted by reyfan View Post
I don't understand why they'd negotiate an extension to work out a new deal, if they know someones contract is expiring wouldn't it make sense to negotiate while the contact is still valid?
It's called 'playing hardball'. TNA wants their wrestlers to resign, but for a lower salary than before. The wrestlers naturally want to at least stay on the same terms as their old contract. So both sides take it slowly when negotiating for a new contract, putting pressure on the other side.
Unfortunately for the wrestlers WWE doesnt see TNA as a competitor, they have no interest in TNA wrestlers, so TNA has a huge advantage in these contract negotiations.
Dimas75 is offline   Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


VerticalSports
Baseball Forum Golf Forum Boxing Forum Snowmobile Forum
Basketball Forum Soccer Forum MMA Forum PWC Forum
Football Forum Cricket Forum Wrestling Forum ATV Forum
Hockey Forum Volleyball Forum Paintball Forum Snowboarding Forum
Tennis Forum Rugby Forums Lacrosse Forum Skiing Forums
Copyright (C) Verticalscope Inc Search Engine Friendly URLs by vBSEO 3.3.2
Powered by vBulletin Copyright 2000-2009 Jelsoft Enterprises Limited.
vBCredits v1.4 Copyright ©2007, PixelFX Studios