Post by marino13 on Jul 21, 2015 18:40:52 GMT -5
According to PWInsider.com, TNA has changed the way a huge percentage of their talent contracts work. Prior to the last week or so, many on the roster received a monthly guarantee in addition to the per-appearance rate for each television taping, live event, pay-per-view, etc. Going forward, most of those talents will not be receiving their monthly guarantee.
This isn’t a totally unexpected move from TNA, who is scrambling to cut costs in a world where they only have their domestic and international television deals keeping them going, and even the future of TV in the U.S. is up in the air at this point.
It’s likely a handful of the top drawing talent and important players going forward will retain their contracts with a guaranteed monthly check. This will likely be a “moment of truth” type of situation for many on the roster, who have been dealing with TNA’s exclusivity rules – which keep them off the higher paying competing shows – largely because of that guaranteed money coming in each month.
This isn’t a totally unexpected move from TNA, who is scrambling to cut costs in a world where they only have their domestic and international television deals keeping them going, and even the future of TV in the U.S. is up in the air at this point.
It’s likely a handful of the top drawing talent and important players going forward will retain their contracts with a guaranteed monthly check. This will likely be a “moment of truth” type of situation for many on the roster, who have been dealing with TNA’s exclusivity rules – which keep them off the higher paying competing shows – largely because of that guaranteed money coming in each month.
As noted, TNA recently informed many talents that their guaranteed deals will soon be dropped, in favor of per-appearance deals.
According to the PWInsider.com report, numerous TNA talents are not pleased with the changes. In fact, it’s possible some talents may turn down the new per-appearance offers and wrap up their run with TNA.
It should be pointed out that while most of the contracts will be changed to the new per-appearance structure, some high-profile talents, such as Kurt Angle and Jeff Hardy, may remain under guaranteed deals.
