TKO is Asking Multiple WWE Talents to Renegotiate Deals
:tko:
The wave of WWE contract restructurings and releases making headlines in recent weeks may have a specific financial explanation behind it, with Bodyslam reporting that TKO is looking to maximize revenue to help address debts carried over from Endeavor's past.
"TKO is asking multiple talent to restructure their contracts as a result of what they view as talent rate of production vs what they are being paid. Another source indicated that TKO is looking to maximize revenue as the company is still currently in debt due to Endeavor's past."
Endeavor, the talent and entertainment agency that acquired WWE and merged it with the UFC to form TKO Group Holdings, carried significant debt from its own operations that has followed the combined entity.
The post-WrestleMania 42 releases on April 24 included Kairi Sane, Aleister Black, Zelina Vega, and the Motor City Machine Guns among others. JC Mateo and Tonga Loa were added to the list of departures on May 2, the same day The New Day's exit was confirmed.
PWInsider's Mike Johnson separately reported that a majorly pushed talent had accepted a 50 percent pay cut, with Fightful Select's Sean Ross Sapp adding that multiple talents had been approached about reductions.
