This is just off the top of my head so I might have missed a few details but basically...
- After Wrestlemania 20, Paul Heyman (GM of Smackdown) put the APA in a match with tag champions Rikishi & Scotty 2 Hotty. If APA loses, their fired.
- APA loses. Heyman says he meant to say that just Faarooq would be fired. Faarooq is fired and retires.
- Bradshaw comes out a week or two later in a suit talking about how rich he is, how he's on FOX news, etc
- Kurt Angle (new Smackdown GM) holds a "Greatest American" contest where the winner faces Eddie (WWE Champion) at Great American Bash
- JBL is chosen as the "Greatest American" and faces Eddie in a texas bullrope match. Eddie is initially announced as the winner as he touched all four corners to win the match. Kurt Angle comes out and says JBL is the winner because his back or elbow or something touched the corner before Eddie.
- JBL holds the title for almost a year almost always cheating to win against Eddie, Undertaker, Booker T, Big Show, and a few others until losing to Cena at Wrestlemania 21.