REPORT: Major Changes Expected In WWE Following Recent TKO Budget Cuts

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A report emerged stating that TKO Group itself has ordered World Wrestling Entertainment to cut millions from the paychecks of exciting superstars. For the same reason, the company had to reconstruct a few contracts or release those who disagreed. Another report by SRS of Fightful.com revealed that a few superstars were even granted a few days to make their decision.

Now, Fightful Select has reported that following the recent wave of releases, they talked to some talents and agents who informed them that after this round of releases, there will be “heavy changes” with talent negotiating contracts with TKO and WWE moving forward, as there is less trust in the life-changing big money deals for the entire length of their contracts.

Xavier Woods pens emotional post following his WWE departure

Speaking of the current release, The New Day’s departure is one of the most shocking budget cuts in recent memory and confirms his parting ways with the sports entertainment giant, as he posted a farewell on his social media handles, reflecting on his 16-year stint with the brand.

Here’s what he wrote.

“For the past 16 years, WWE has been my home. It’s where I grew up, found myself, failed, learned, and got to live out things the younger version of me could only dream about. When I first walked into FCW, I just wanted a chance to prove I belonged and to bring something different to professional wrestling. That chance became a life full of moments I’ll carry with me forever — WrestleMania, championships, King of the Ring, arenas around the world, and the gift of connecting with all of you by being myself,” he wrote.

That said, it will be interesting to see what changes stars and their teams make as they negotiate their new contracts moving forward.