In WCW, DiBiase became the fourth member of the
New World Order (nWo) (along with Scott Hall, Kevin Nash and former enemy Hollywood Hogan) on August 26, 1996, one month after their formation in July 1996. He claimed to be financing the group (thus playing on his "Million Dollar Man" gimmick that WCW could not legally use outright).
[38] He was referred to, instead, as "Trillionaire Ted", a play on "Billionaire Ted", the WWF-given nickname of
Ted Turner.
DiBiase quit the nWo shortly after
Spring Stampede. Less than a few months later, on the August 4, 1997, episode of
Nitro, he made a face turn, managing
The Steiner Brothers. DiBiase managed The Steiners until Scott turned heel and joined the nWo. DiBiase also managed one-time WWF rival
Ray Traylor for a while until he stopped managing altogether. DiBiase then became a road agent for the company and left entirely when his contract expired in late 1999.
In 2013, DiBiase said about his time in WCW: "Eric Bischoff doesn't know that much about wrestling", "Eric took credit for the NWO but that wasn't his idea, the NWO had already been done in Japan, so they had copied something that had already been done. It was a good idea,
but originally I was supposed to be the mouth piece of the NWO and reality is I think Eric saw how it was getting over and he saw how he could put himself in the role that he had hired me for. As each week went by pretty soon Eric isn't the announcer anymore, he becomes part of the NWO and I just went to him one day and told him I'm not just going to walk out there and be Hulk Hogans' Virgil, you hired me to be the spokesperson for this, so if that's not what I'm going to do you can send me home. The reason I said that was because they had to pay me one way or the other, because I had a contract where they had to pay me for three years
no wonder his always just standing and grinning there, not even commentary. they didnt utilize ted dibiase to his best after he stopped full time wrestling. wwf and wcw.
Bischoff
