Deleted
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Post by Deleted on Feb 23, 2017 9:47:47 GMT -5
and his ex wife took it all I think that's probably the cosmic karma everyone who hates him ever wanted.... The wrestling business orgasmed mightily the day that divorce was announced.
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Post by Ted Sheckler on Feb 23, 2017 9:52:52 GMT -5
One year of Hogan money based off the contract on page 1 is probably more than a large majority of the population will ever make in their lives. Surely at that point he had to be the highest paid athlete in the world when you take into account base wage, signing bonus, PPV bonus, merchandising, cut of the gate etc. He would have been making like ten million a year when WCW was hot.
10 million for a full time guy would be ridiculous enough but ten million for a dude who only wrestles 40-50 times a year (If that) is absolutely crazy money.
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Honeybear Lyder
ALF
It's called a title match, dammit! I'll fire your ass, dammit! Get me a snowcone, dammit!
Posts: 1,154
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Post by Honeybear Lyder on Feb 23, 2017 10:28:01 GMT -5
I heard the contract included mandatory hot water in whatever room Hogan wandered into. Also, there had to be Hulkomaniacs in there, too.
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Deleted
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Post by Deleted on Feb 23, 2017 10:32:32 GMT -5
Can you imagine John Cena having this type of contract in the WWE? People would lose their shit.
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Post by The Dark Order Inferno on Feb 23, 2017 10:53:31 GMT -5
ell, this is sort of what I mean. WCW although not at its lowest ebb was on a downturn by 1998 whereas WWF was on its way to being the hottest it had been since his Hulkamania prime. Say what you will about him, but Hogan is the sort of guy who wants to be on a winning team. It's no coincidence he left the WWF when they were on the downturn and it's no coincidence that he turned up in WCW when they suddenly started looking like they could be players. So to me, if I'm Hulk Hogan in 97/98 the WWF is going to be the preferred destination simply because if they continue to do well and he's on the roster, some of the credit will naturally fall his way. I mean, think of all the 'I was the one that swayed the Monday Night Wars, brother' interviews he could have done years later if he'd turned up in the WWF in the late nineties and WCW still eventually went out of business. That looks good on the Hulksters CV and he knows that. However, being the astute business mind that he is, he's still going to throw the silly number out there to see if WCW bites because it's a big enough deal to make up for the fact that he's likely to be on the losing team and he will still fare far better financially than he would by being on the winning team. A sacrifice worth making in other words. The negotiations took place in mid to late 1997 when WCW were absolutely trouncing the WWF and they were still very much a struggling company, one which was considering becoming a regional promotion to cut costs and survive. It was pre Montreal, pre evil Vince (Though I maintain that character had been in the works since 1996), before Steve Austin's world title run so Hogan wouldn't be joining the winning team if he jumped, he'd be joining a struggling team and would likely have kneecapped the star player that saved them if he did. WCW's creative rot began after Starrcade 1997 and their rapid decline began in 1998, after the new deal was in place, Hogan at that point thought any team he was on would be the winning one but reality had other ideas, same mindset that we saw in his TNA run.
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Post by Big Bad Kahuna on Feb 23, 2017 14:04:26 GMT -5
Remember that Eric B ran WCW and could easily convince the Turner higher-ups that Hulk is worth that kind of contract (see WCW's profits in 97, and who was on top of the company during that year??) . I'd bet my farm that Hogan gave Bischoff some of that back
Ridiculous stuff, stupid beyond belief, disastrous business for WCW/Turner
Meanwhile Hogan blew tons of cash for boats, motorcycles, cars, who knows what else (roids, coke...)...typical midlife crisis retard behavior
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Post by alred1982 on Feb 23, 2017 19:27:37 GMT -5
Can't blame hogan for signing that contract but didn't anyone think what the hell is this a joke.
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Post by A Platypus Rave on Feb 23, 2017 19:42:50 GMT -5
Can't blame hogan for signing that contract but didn't anyone think what the hell is this a joke. From all accounts Bischoff had Ted Turner's checkbook and Ted pretty much told him do what you have to do. and in 97 the NWO was making a ton of money for WCW, so this would keep Hogan happy and on their shows. What is really scary is... this is what the contract looked like presumably after negotiations... so what the hell did Hogan want originally?
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Post by The Dark Order Inferno on Feb 23, 2017 19:50:32 GMT -5
Can't blame hogan for signing that contract but didn't anyone think what the hell is this a joke. From all accounts Bischoff had Ted Turner's checkbook and Ted pretty much told him do what you have to do. and in 97 the NWO was making a ton of money for WCW, so this would keep Hogan happy and on their shows. What is really scary is... this is what the contract looked like presumably after negotiations... so what the hell did Hogan want originally? Knowing Hogan, complete creative control over the whole show rather than just the main event scene, an NWO face turn, the right to hire and fire whoever he wants from the roster and booking team, Hulk Hogan presents added to the WCW name on all graphics and jobs for life for Knobbs, Saggs, Ed Leslie and the immediate rehiring of John Tenta.
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Post by eJm on Feb 23, 2017 21:39:26 GMT -5
Hell, the only entertainment contract I thought would come close would be Robert Downey Jr's one for Iron Man.
Even then, they put the clause about film profits in there because nobody expected it to be a billion dollar juggernaut it is now.
I get the idea of it being a war and doing what you need to do but what respected lawyer working for Turner would look at that contract and all the terms and go "Yeah, that seems reasonable for a guy who is only going to be a draw in wrestling and nowhere else, makes PERFECT sense!"
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Post by Captain Stud Muffin (BLM) on Feb 23, 2017 21:45:36 GMT -5
Hell, the only entertainment contract I thought would come close would be Robert Downey Jr's one for Iron Man. Even then, they put the clause about film profits in there because nobody expected it to be a billion dollar juggernaut it is now. I get the idea of it being a war and doing what you need to do but what respected lawyer working for Turner would look at that contract and all the terms and go "Yeah, that seems reasonable for a guy who is only going to be a draw in wrestling and nowhere else, makes PERFECT sense!" At least Downey is trying to share the wealth tho. Once Avengers hit big he argued for the cast to get more on pay
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Post by eJm on Feb 23, 2017 21:47:32 GMT -5
Hell, the only entertainment contract I thought would come close would be Robert Downey Jr's one for Iron Man. Even then, they put the clause about film profits in there because nobody expected it to be a billion dollar juggernaut it is now. I get the idea of it being a war and doing what you need to do but what respected lawyer working for Turner would look at that contract and all the terms and go "Yeah, that seems reasonable for a guy who is only going to be a draw in wrestling and nowhere else, makes PERFECT sense!" At least Downey is trying to share the wealth tho. Once Avengers hit big he argued for the cast to get more on pay Yeah, which I give him major props for.
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Post by Can you afford to pay me, Gah on Feb 23, 2017 22:15:33 GMT -5
I remember someone posting pics of page by page of the contract. It was insane but these deals is why guys like Outsiders and Bret jumped from WCW. When Vince back down from that supposed 20 yr deal. WCW during the monday night wars spent money like nothing by 98. Goldberg once he hit and DDP main Event push, they got Million dollar a year deals. As Hogan was above break down on what he got. Keep in mind how limited dates he worked in a year and event not working shows he still got paid.
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Post by Citizen Snips Has Left on Feb 23, 2017 23:52:02 GMT -5
One year of Hogan money based off the contract on page 1 is probably more than a large majority of the population will ever make in their lives. Surely at that point he had to be the highest paid athlete in the world when you take into account base wage, signing bonus, PPV bonus, merchandising, cut of the gate etc. He would have been making like ten million a year when WCW was hot. 10 million for a full time guy would be ridiculous enough but ten million for a dude who only wrestles 40-50 times a year (If that) is absolutely crazy money. www.topendsports.com/world/lists/earnings/athletes-paid-1998.htm$10 million wouldn't even get Hogan close to the top 10 highest paid athletes in the world in 1998.
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Post by Ted Sheckler on Feb 24, 2017 5:31:57 GMT -5
One year of Hogan money based off the contract on page 1 is probably more than a large majority of the population will ever make in their lives. Surely at that point he had to be the highest paid athlete in the world when you take into account base wage, signing bonus, PPV bonus, merchandising, cut of the gate etc. He would have been making like ten million a year when WCW was hot. 10 million for a full time guy would be ridiculous enough but ten million for a dude who only wrestles 40-50 times a year (If that) is absolutely crazy money. www.topendsports.com/world/lists/earnings/athletes-paid-1998.htm$10 million wouldn't even get Hogan close to the top 10 highest paid athletes in the world in 1998. Fair enough. He'd definitely be top 100 though and for a guy who doesn't have to perform as athletically as much as these guys or even have much in the way of pressure it's a sweet deal.
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Post by Alice Syndrome on Feb 24, 2017 5:45:10 GMT -5
Anyone else get the feeling that Hogan was done with wrestling or at least WCW when he signed the contract? In other words, he would have quite happily walked away but threw a silly number out there and they took the bait. A bit like when someone tries to buy something off of you that you don't really want to sell so you throw the 'not for sale' number out there that's way more than it's worth but you'd be stupid to turn down. I think he was expecting his shine not to last, and it didn't. Hell, his FIRST deal with WCW was a silly number he threw out that he wasn't expecting them to take, he was happy with possible retirement.
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Mozenrath
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Post by Mozenrath on Feb 24, 2017 5:58:16 GMT -5
To paraphrase Neil Diamond, I think WCW was fine, but it wasn't home, WWF to Hogan was home, but it wasn't his no more. I think that may have been why he'd have even entertained notions of returning in '97.
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Post by Cvslfc123 on Feb 24, 2017 7:10:34 GMT -5
Anyone else get the feeling that Hogan was done with wrestling or at least WCW when he signed the contract? In other words, he would have quite happily walked away but threw a silly number out there and they took the bait. A bit like when someone tries to buy something off of you that you don't really want to sell so you throw the 'not for sale' number out there that's way more than it's worth but you'd be stupid to turn down. My Dad calls that the "f*** Off Price"
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J. Hova
Don Corleone
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Post by J. Hova on Feb 24, 2017 7:56:06 GMT -5
It was insane in hindsight. Hulk Hogan was the biggest draw and biggest money maker for any promotion ever when that contract was signed. He threw out numbers that if any of us were in the same position, we'd do the same and its on Sleazy E and Turner for doing business like that. I'm sure Hogan's reaction when he got word they agreed to those terms was absolute flabbergasting.
It is the same deal when you negotiate terms with a new job whether that is with your current employer or a new employer. It is management's job to negotiate you down to benefit the company, it is your job to negotiate yourself up to benefit yourself. That is how business is done and I cannot fault Hulk Hogan for getting as much money and perks for himself as possible. I do fault WCW for not doing their job. It isn't like VKM was going to give him that kind of deal, although I do remember some story from either Bruce Prichard, JR, or Jim Cornette stating that around 97 or 98, VKM told Hogan when he was negotiating this contract that if it would help him out, he'd make an offer to him so he could stick it to WCW a little harder.
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Post by The Dark Order Inferno on Feb 24, 2017 8:25:56 GMT -5
I think he was expecting his shine not to last, and it didn't. Hell, his FIRST deal with WCW was a silly number he threw out that he wasn't expecting them to take, he was happy with possible retirement. Was he though? He was working Japan dates and his relationship with Vince disintegrated as he didn't want to take a lesser role in things, he didn't want to be the 'Babe Ruth' of wrestling, he wanted to keep on main eventing even though business had been declining under him since 1991.
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