Posted by
In his latest YouTube video, former WWE Superstar Stevie Richards shed light on the company’s payout structure.
Richards revealed that during his tenure at WWE from 1999 to 2008, he earned a net income of approximately $572 per week after accounting for taxes and travel expenses.
Richards mentioned that expenses were not fixed and varied based on factors such as lodging and cost-sharing arrangements with travel partners.
Richards’ gross earnings per week totaled $1,442, and he provided a detailed breakdown of this amount. He said,
“Wrestlers choose to get paid $75,000 a year downside. I chose to have that for the opportunity of hopefully making more or hopefully renegotiating a contract. Whenever I did renegotiate, it always went back down to $75,000. My standard three years was 75(K), 75(K), 125(K). Every time we got towards the end of the second year, I was off TV or something happened and they needed to put me on another 75, 75, 125. Until my last one, which was three years at 75 and a few months later I was gone.”