Post by The Ultimate Nullifier on Jan 28, 2016 17:48:40 GMT -6
www.sescoops.com/major-change-to-tnas-talent-contracts/
Big Change To TNA’s Talent Contracts
By Brad Davis on January 28, 2016@sescoops
In recent weeks we’ve seen TNA signing their top stars to new deals, including Jeff Hardy and James Storm. It’s worth noting that the company is taking a very different approach with talent contracts. Dave Meltzer reports in the latest Wrestling Observer Newsletter that talent are signing contracts for guaranteed money that require them to work for indie promotions. Promoters will book talent through the TNA office, with the company getting the booking fees. TNA wrestlers gets regular paychecks every two weeks and these extra dates are considered part of their guaranteed deals. Meltzer writes:
“If TNA can sign someone for $100,000 per year, and then book them two dates per week at $750 per shot, with a few weekends off here and there, that can be close to $75,000 a year of income coming in. If they can get $1,000 per shot for them, they’ll make virtually the entire contract back.”
This explains how TNA was able to offer a guy like James Storm much more money than he would have gotten wrestling for NXT.
Since TNA is not running any live events and is strictly a TV-based product at this point, the idea is for TNA to increase demand for their talent so they can recoup a good portion of their contract via these outside bookings.
Big Change To TNA’s Talent Contracts
By Brad Davis on January 28, 2016@sescoops
In recent weeks we’ve seen TNA signing their top stars to new deals, including Jeff Hardy and James Storm. It’s worth noting that the company is taking a very different approach with talent contracts. Dave Meltzer reports in the latest Wrestling Observer Newsletter that talent are signing contracts for guaranteed money that require them to work for indie promotions. Promoters will book talent through the TNA office, with the company getting the booking fees. TNA wrestlers gets regular paychecks every two weeks and these extra dates are considered part of their guaranteed deals. Meltzer writes:
“If TNA can sign someone for $100,000 per year, and then book them two dates per week at $750 per shot, with a few weekends off here and there, that can be close to $75,000 a year of income coming in. If they can get $1,000 per shot for them, they’ll make virtually the entire contract back.”
This explains how TNA was able to offer a guy like James Storm much more money than he would have gotten wrestling for NXT.
Since TNA is not running any live events and is strictly a TV-based product at this point, the idea is for TNA to increase demand for their talent so they can recoup a good portion of their contract via these outside bookings.