The downside guarantee ensures that contracted wrestlers do get paid regardless of what happens throughout the year. On the other hand, the most popular young wrestlers are normally restricted to 6 figure earnings. Veteran and main event wrestlers who are on the upper card are also entitled to certain peaks including presidential hotel suites, luxury tour buses, and 1 st class travel. Many wrestlers also earn from merch agreements with a standard 3 to 5 percent of all earnings going to the wrestler.
While no one intends to get injured, injuries do happen and, on many occasions, often come when least expected. Moreover, injured wrestlers will also generate additional income from merch sales. However, since injured wrestlers will not be attending house and tv shows, they will not earn any of this additional income from the company. However, a standard deal often gives the WWE the option of paying the wrestler the minimum amount.
The Legends Contract is also known as the Contractor Nostalgia agreement has seen several retired wrestlers sign for 5 years with the WWE. Wrestlers also have an option to terminate the contract yearly. While it is not known whether the pay structure will change, many retired wrestlers will continue to renew their contracts.
Like in other companies, the WWE also offers bonuses and incentives. One of the ways that wrestlers can get a bonus is by promoting their events well. This definitely happens with money from pay-per-view sales, too. In boxing and in the UFC, the most popular stars usually get a percentage of the pay-per-view sales.
It's unclear what that specific amount may have been. Multi-wrestler merchandise again tooks that same percentage share and splits it among featured performers. The other specific royalty section was video royalties. These operated in a similar fashion to merchandise. That money was then pro-rated among featured wrestlers according to their share of the live event bonus money.
In other words, because Hulk Hogan received Wrestlers were sometimes also entitled to receive an additional bonus if they were the featured wrestler in a non-PPV video product sold by WWE. An example of this is provided in Brock Lesnar's contract, which states that The Rock was the featured performer of the video product "Just Bring It.
Photo by John W. Such a featured bonus clause only appears in the contracts of Lesnar, Raven, Sanders and Kanyon. To reiterate, none of these specific clauses regarding merchandise and video royalties appear in the most recently available documents, which are in turn the most similar to current booking contracts. All available booking contracts also stipulate that wrestlers are not entitled to some specific royalties.
These include things like commentary, post-event production or voice-over work, which are considered work for hire. Wrestlers are also not entitled to royalties for any use of their intellectual property on WWE's website or in its magazine.
The more recent contracts also specifically state that the performer is not entitled to any share of fees from TV licensing, internet subscriptions or video-on-demand. In the past those revenue streams were likely minimal. That's no longer the case as WWE continues to bet big on its new online-only network platform , but live events and consumer products still generate a combined one-third of WWE's revenue. That's good news for the many wrestlers relying on those revenue streams for valuable bonus income.
Though there is no official requirement, most WWE wrestlers have their high school diploma and GED, and some have a college degree as well. If a wrestler makes it to the WWE roster, then that means they will have signed a contract which outlines their salary, bonus, royalties, income from Pay-Per-View events and the specific terms and conditions.
Some wrestlers may be signed for just one year, while others may be signed for up to 10 years. Depending on their success, they may work domestically or internationally. However, there are usually conditions in which the wrestler could have their contract terminated early. Those who become professional WWE wrestlers are signing up or a lot more than wrestling, as most WWE wrestlers can become famous overnight.
WWE wrestlers make a lot of money.
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