The controversy around WWE royalty payments just got louder. After Kevin Nash claimed his WWE royalty checks were cut in half under TKO, Stevie Richards has now stepped up with his own accusations saying he hasnt received a single royalty check in almost a decade.
Speaking on The Stevie Richards Show, the former WWE and ECW star revealed he believes WWE and TKO have drastically altered how royalties work, leaving wrestlers with little to nothing while expecting them to stay quiet.
Richards warned that if more wrestlers begin asking questions, WWE and TKO could be facing a serious legal situation. He accused the company of manipulating accounting practices to minimize payouts, while stressing that a forensic review could uncover much more than just missed checks.
According to Richards, wrestlers only receive about one-third of one percent from merchandise sales and its based on net profits, not total sales. That means once WWE deducts its own costs, the performers are left with scraps.
He also revealed how much things have changed over the years. In the past, one video game check could earn him $35,000 to $40,000. Today, with rosters packed with hundreds of names, most wrestlers are lucky to see $5,000.
With Kevin Nash already putting pressure on TKO, Richards claims could push more wrestlers to demand answers. If big names like Sean Waltman or other nWo legends join in, WWE and TKO may have a major legal and PR problem on their hands.
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Do you think WWE and TKO are intentionally shortchanging wrestlers on royalties? Please share your thoughts and feedback in the comment section below.
