Epitaph
05-05-2004, 01:08 PM
NWA:TNA TO MAKE NEW FINANCIAL DEMAND ON CONTRACTED TALENT
by Buck Woodward @ 2:05:00 PM on 5/4/2004
NWA TNA has implemented another policy for their contracted wrestlers that will no doubt sit about as well with them as the recent decision to not let the talent take paydays from Ring of Honor.
Sources inside the company have told us that the internal management team has decided that starting with shows in June, all contracted talent that is booked on a non-TNA show will be subjected to a 15% booking fee, payable to TNA. In addition to that, TNA is also implementing a 50% deposit, due to their company, once a promoter books a talent. So, if a wrestler is signed to work a show for $1,000, there will be a $150 fee payable to TNA, raising the total outlay for the promoter to $1,150, and $575 will be payable the day the booking is made (even if the actual show does not take place for months down the line).
For instance, Raven tells people that he gets $1,500 per indy appearance, which means Raven will either now need to get $1,725 from the promoter to net the $1,500 that he got before, or he will have to pay the $225 to TNA himself out of his regular fee, and thus lose 15% of his money to TNA.
In addition this, by having a deposit paid to TNA via check up front, any wrestler who in the past was paid in cash and didn’t report that cash as income on their taxes now will have no choice but to do so. Now there will be a paper trail with the checks that the individual promoters send to TNA, thus creating a record of at least half of their booking fee for each show that they do, making them liable for the sum on their taxes on said money when in the past they could have been paid totally in cash and only reported what they wanted to report.
Obviously, this will not be a popular move with the talent.
Ohhhhh Why is it, i get the impression that TNA Contracted Wrestler's are going to be going ape **** over this? One other thing is that i can see some NWA TNA Wrestler's leaving the Promotion, Infact i wouldn't be surprised to see Raven Leading the pack out of the company (a little bit like when he quit WCW) Also if this include's Japanese Date's i can also see the likes of Chris Daniel's and Low Ki heading out of the promotion. Are TNA Starting to be come Delusional? I mean they aint even as big as WWE or Hell WCW yet they are acting like like Big Shot's!!!!!
Thoughts?
by Buck Woodward @ 2:05:00 PM on 5/4/2004
NWA TNA has implemented another policy for their contracted wrestlers that will no doubt sit about as well with them as the recent decision to not let the talent take paydays from Ring of Honor.
Sources inside the company have told us that the internal management team has decided that starting with shows in June, all contracted talent that is booked on a non-TNA show will be subjected to a 15% booking fee, payable to TNA. In addition to that, TNA is also implementing a 50% deposit, due to their company, once a promoter books a talent. So, if a wrestler is signed to work a show for $1,000, there will be a $150 fee payable to TNA, raising the total outlay for the promoter to $1,150, and $575 will be payable the day the booking is made (even if the actual show does not take place for months down the line).
For instance, Raven tells people that he gets $1,500 per indy appearance, which means Raven will either now need to get $1,725 from the promoter to net the $1,500 that he got before, or he will have to pay the $225 to TNA himself out of his regular fee, and thus lose 15% of his money to TNA.
In addition this, by having a deposit paid to TNA via check up front, any wrestler who in the past was paid in cash and didn’t report that cash as income on their taxes now will have no choice but to do so. Now there will be a paper trail with the checks that the individual promoters send to TNA, thus creating a record of at least half of their booking fee for each show that they do, making them liable for the sum on their taxes on said money when in the past they could have been paid totally in cash and only reported what they wanted to report.
Obviously, this will not be a popular move with the talent.
Ohhhhh Why is it, i get the impression that TNA Contracted Wrestler's are going to be going ape **** over this? One other thing is that i can see some NWA TNA Wrestler's leaving the Promotion, Infact i wouldn't be surprised to see Raven Leading the pack out of the company (a little bit like when he quit WCW) Also if this include's Japanese Date's i can also see the likes of Chris Daniel's and Low Ki heading out of the promotion. Are TNA Starting to be come Delusional? I mean they aint even as big as WWE or Hell WCW yet they are acting like like Big Shot's!!!!!
Thoughts?