Hogan’s 1998 WCW contract is the greatest finesse in the history of the business

[Riley Escobar]

Highlights of the 4-year contract which was supposed to run from May 1998 to May 2002:

• ⁠$2 million signing bonus due within 14 days of signing
• ⁠6 PPVs per year where he is the "featured" wrestler
• ⁠A minimum of $675,000 per PPV appearance or 15% of the domestic PPV cable sales received by WCW, whichever is greater
• ⁠A $1.35 million payment on July 1, November 1 and February 1 of the first 3 years of the contract as an advance of the PPV payment
• ⁠Additional bonuses of $250,000 to up to $1.75 million based on the PPV buyrate, per PPV appearance
• ⁠25% of the gross ticket sales for every Nitro or Thunder appearance with a minimum of $25,000 payment
• ⁠16 mutually agreed WCW TV tapings
• ⁠25% of the gross revenue of ticket sales of any house show
• ⁠$100,000 "consultant fee" for year 4 of the contract
• ⁠50% of net receipts of any merchandise sold by WCW to contain his name or likeness
• ⁠50% of the "actual license fee" received by WCW for any licensing deal involving his name or likeness
• ⁠$20,000 per month for any period he's in the NWO and wearing non-Hogan NWO merchandise or participating in anything NWO related
• 100% of net revenue if WCW should start a Hulk Hogan 900 hotline

 

[Piff Huxtable]

That works for me, brother

 

[HipHopStan]

My dislike for Hogan is brobdingnagian, but I have to give credit where credit is due... his lawyers and he know how to cook up a nice-looking contract. And WCW agreed to it as well, even knowing by that time, they were starting to lose their grip on the Monday Night Wars.

 

[Womb Raider]

Hogan was getting that motherfukking bag GODDAMN

 

[DaylitoJames]

I remember being like when The Lapsed Fan was reading out the whole contract and all of the stips on one of their episodes

 

[Toe Jay Simpson]

And Hall and Nash had that favored nations

Lord have mercy all them fools should be in jail somehow for this

 

[NYChase718]

then his wife finessed all of that from him

 

[PlayerNinety_Nine]

"Section 11, Sub paragraph E, brother "

IYKYK

 

[krackdagawd]

I wish karma was a real thing this garbage human will live until he is 150.

 

[Panthro11]

 

[Reality Check]

then his wife finessed all of that from him

One of the reasons why Brock's run over the past decade plus is even better than this Hogan contract.

 

[DaHNIC82]

He played eric bischoff like a fiddle

 

[dh86]

Imagine what Bischoff would say if a mid 40s wrestler got that kind of deal today

 

[Rollie Forbes]

Imagine what Bischoff would say if a mid 40s wrestler got that kind of deal today

@Chris Jericho

 

[JuvenileHell]

Hogan hired breh and associates for sure