This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:13:52
The video delves into Hulk Hogan's contract renegotiation in 1998, showcasing the evolution from his 1996 deal, which included pay-per-view events and TV compensation, to the more lucrative terms post the NWO era. It explores the revenue dynamics of wrestling events and Hogan's merchandising deals, including royalties and promotional fees. The speaker highlights the disparities in wrestlers' contracts, underscoring potential lost earnings and the evolving nature of wrestler compensation over time. Hogan's preferences, venues like the Georgia Dome, and lifestyle anecdotes add personal and humorous elements to the discussion.
00:00:00
In this part of the video, the speaker discusses Hulk Hogan’s contract renegotiation in 1998 after his initial deal in 1996. The original deal included four pay-per-views a year at half a million each, plus compensation for TV leading up to the events, totaling a two million dollar contract. The renegotiated deal in 1998 following the NWO run included a two million dollar signing bonus, six guaranteed pay-per-view events, with a minimum guarantee of 6.75 million, bonuses based on buy rates, and other lucrative incentives.
00:03:00
In this segment of the video, the speaker discusses the revenue earned per wrestling event, ranging from $375,000 to $1.75 million based on the event’s rating. They mention the lack of merchandise checks from WCW and how their deal did not transfer to WWE after WCW went out of business. The speaker explains how they receive royalties from NWO merchandise sales, with a 50-50 split between the company and the three individuals, amounting to $16.7 each. This arrangement continues to provide quarterly income, potentially leading to retirement. Additionally, they humorously mention their lifestyle in Florida during COVID-19.
00:06:00
In this part of the video, the speaker talks about the comfort of flip-flops and slides, referred to as “sandals.” They mention Hulk Hogan’s contract with WCW, where he received 25% of the gross and a $175 per diem. The speaker recalls the large venues they performed at, like the Georgia Dome and Astrodome. Hogan’s preference for Miller Light beer is highlighted, along with a mention of a memorable house show in Boston.
00:09:00
In this segment of the video, the speaker discusses merchandising and licensing related to a wrestler, likely Hulk Hogan. The speaker mentions a deal where 50% of merch sold using the wrestler’s name goes to him. They also talk about a promotional fee of $20,000 per month for wearing specific t-shirts while wrestling. Additionally, the speaker highlights a 900 number line featuring the wrestler, where he would receive 100% of the revenue if he provided recordings. They emphasize the lucrative nature of these deals and compare them to standard business practices.
00:12:00
In this segment of the video, the conversation revolves around the disparities in contracts between wrestlers like Hulk Hogan in 1996 and 1998. The speaker discusses the differences in pay, mentioning that many were likely underpaid compared to today’s standards. They also touch on the potential lost earnings due to merchandising and accounting issues.