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WWE Is Extending Talent Contracts Due To Legal Loophole

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The wrestling landscape has changed, and competition is at an all time high. Bidding wars have begun, and lucrative deals are on the table.

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The WWE does have an advantage in order to retain stars who may be looking to go elsewhere, contract extensions due to injury.

Rey Mysterio and Daniel Bryan faced this situation during their time on the injured list, as the WWE froze their contracts. Mysterio eventually was released, but was quite unhappy at the time, claiming the WWE quietly extended his contract without letting him know.

Dave Meltzer notes in the latest edition of The Wrestling Observer Newsletter that practice is still affecting talent on the injured list.

The time left on a talent’s contract doesn’t start again until the wrestler is ready to work, and fulfil their duties as an active in-ring performer, as stated in their contractual agreement.

The WWE does plan on continuing to use this loophole in extending talent deals.

The Revival recently asked for their WWE release, which was not granted. NXT stars who are called up to the main roster are provided a new contract. These contracts are generally 3 years.

In the Revival’s case, signing a 3 year deal would put their contracts expiring in April of 2020. In reality, the WWE can have them much longer due to the injuries both members have sustained.

Scott Dawson suffered a ruptured bicep shortly after their main roster debut, which kept him out of action for 5 months. This extends his contract by an additional 5 months, due it being frozen while injured.

Dash Wilder suffered a fractured jaw in 2017 which kept him out of action for 2 months. This extends his contract by an additional 2 months.

Many wrestlers have suffered significant injures over the last two years which allows the WWE to extend their deals including Finn Balor, Bayley, Tomasso Ciampa, Samoa Joe, Asuka, Braun Strowman, Sami Zayn, Kevin Owens, Bludgeon Brothers, Fandango, and Goldust.

These injuries lasted a few weeks to several months, and the WWE is adding that time to their current deal.

While talent is injured the WWE takes care of all medical and rehabilitation costs, as well as continues to pay their downside guarantee, and any merchandise royalties.

Stars who wish to pursue other promotions, such as the new upstart All Elite Wrestling may have to wait several months after their contracts expire. This provides an upper hand to WWE, who will in most cases attempt to sign stars to deals, which are now 5 years in length.

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Daily News Report

Becky Lynch Announces Engagement To Seth Rollins

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Becky Lynch and Seth Rollins are planning to get married.

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Lynch took to Twitter to announce her engagement with the following caption – “Happiest day of my life. For the rest of my life.”

Rollins and Lynch have been publicly dating since Wrestlemania 35, although the two have been rumored to have been together for several months prior.

No date has been set for the marriage.

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Report: CM Punk’s Agent Reached Out To FOX To Become Co-Host on WWE’s FS1 Show

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WWE is moving SmackDown Live to FOX this October, and has a scheduled in-studio talk show on FS1 every Tuesday. One interesting name has come up to co-host the show, CM Punk.

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Creative Artists Agency (CAA) represents both CM Punk and WWE. The agency reached out to FOX about having CM Punk co-host the up-coming WWE in-studio show according to The Wrestling Observer Newsletter.

If accepted, CM Punk would be working for FOX, and not WWE. The Observer speculated that WWE would absolutely hate this idea.  So far no actual negotiations between FOX and CAA have taken place, all that is known is that an agent from the company reached out to FOX regarding the FS1 show.

WWE’s new in-studio show on FS1 is scheduled to begin airing this fall.

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WWE Teams With Endeavor Audio To Launch ‘WWE Podcast Network’

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WWE announced today plans on launching the WWE Podcast Network. The company has teamed up with Endeavor Audio for the venture, which will have several Superstar-focused series.

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WWE will be looking to enter the market, which currently has a number of wrestling focused podcasts available. The Bella Twins already have a podcast hosted on Endeavor Audio.

More details will be announced in the coming weeks,

WWE issued the following press release today.

WWE® PARTNERS WITH ENDEAVOR AUDIO TO DEVELOP PODCAST NETWORK

NEW YORK, NY AND STAMFORD, CONN., (August 22, 2019) – Endeavor Audio, Endeavor’s audio-first entertainment studio, and WWE (NYSE: WWE), a global media and entertainment company, today announced plans to launch a new WWE Podcast Network with several Superstar-focused series. The move into the audio space marks a first for WWE and is Endeavor’s latest foray into exploring new podcast formats.

‘Storytelling is at WWE’s core and we are eager to add the audio genre to our portfolio,’ said Jayar Donlan, Executive Vice President, WWE Advanced Media. ‘Partnering with Endeavor Audio, an expert in podcasting, will enable us to provide our fans with unique content and reach new audiences across the platform.’

‘We’re always looking to pair dynamic content with the best formats for listeners,’ remarked Moses Soyoola, Senior Vice President, Endeavor Audio. ‘Through our new partnership with WWE, we’re looking forward to tapping into their iconic event portfolio and talent base to create compelling audio content for their fans.’

Additional details, including launch timing and content creative, will be announced in the coming weeks.

Endeavor Audio is a full-service operation offering content development, financing, production, distribution, marketing, and monetization. The studio has produced BLACKOUT, the hit audio drama, with Academy Award winner Rami Malek (also starring) and QCode; The Bellas Podcast, the popular weekly lifestyle chat show hosted by WWE Superstars, The Bella Twins®; and Freaknik, a podcast about Atlanta’s infamous spring break, as part of a larger content partnership with Mass Appeal that also includes Drink Champs, the popular hip hop podcast show, and the upcoming re-launch of Juan Ep hosted by Peter Rosenberg and Cipha Sounds.

# # #

About Endeavor

Endeavor is a global entertainment, sports and content company, home to the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency, WME; sports, fashion, events and media company, IMG; and the premier mixed martial arts organization, UFC. The Endeavor network specializes in talent representation; marketing and licensing; content development, distribution and sales; event management; and a number of direct-to-consumer offerings.

About WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE’s TV-PG, family-friendly programming can be seen in more than 800 million homes worldwide in 28 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo.

Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.

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