World Wrestling Entertainment Chairman Vince McMahon inked a two-year employment contract. McMahon's agreement, which dates back to his January return to ...
His contract agreement gives him the rights to retell his life story with WWE, with the guarantee that he wouldn't face any lawsuits or retribution from the business in the future. His deal comes as WWE has been [actively in talks](https://www.cnbc.com/2023/01/07/who-would-buy-wwe-as-mcmahon-returns-to-board-to-pursue-sale.html) with suitors. He had [stepped away](https://www.cnbc.com/2022/06/17/wwe-boss-vince-mcmahon-to-step-back-from-ceo-duties-during-misconduct-probe-.html) from his CEO role last June under a cloud of accusations of sexual misconduct from former female WWE employees. The potential future involvement of McMahon, who is WWE's controlling shareholder, has become an early sticking point in preliminary talks with some buyers, CNBC previously reported. If a deal were to be closed, McMahon would receive a $2.4 million lump sum payout, plus his incentive bonus would be doubled and paid upfront. CEO Nick Khan told CNBC this week it's been a robust sale process so far with many attracted bidders.
If the company gets sold, McMahon would receive millions of dollars on top of his multibillion-dollar stake, plus the rights to make TV shows or movies ...
The contract gives the company the rights in perpetuity to “McMahon’s writing, appearances, performances, and creative director work product, the Events, and the Footage … “The Company further acknowledges and agrees that McMahon will have the exclusive right to communicate, convey, commercialize, license, or otherwise exploit his life story … McMahon has run the WWE for decades and has long appeared in the ring as a performer (his stage name is “Mr. According to the WWE’s latest proxy filing, McMahon would receive a payout in the ballpark of $2.6 billion if the WWE sold at its current $90.60 share price (as of writing). McMahon’s new contract runs for two years (the annual compensation package is valued at $7.6 million), with the right to be extended in one-year increments after that. While it’s mostly a pretty standard deal, the clause about McMahon’s potential payout in the event of a sale is notable, given that his return was precipitated in part by the idea of putting the company on the market. WWE CEO Nick Khan told CNBC last month that McMahon is “100 percent open” to selling to a company that decides it doesn’t want to keep him around. And a clause about McMahon’s “Life Story” is unlike just about anything you would see at another company. He will also see all unvested shares vest, likely delivering a $4.3 million payout if a deal closed this year. McMahon”), and the agreement guarantees him (and his successors) the right to his own IP, while he gives the company the right to use his IP on a nonexclusive basis. His previous employment agreement granted the company rights to commercial works based on his life. [Share this article on Facebook](https://www.facebook.com/sharer.php?u=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/&title=Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film&sdk=joey&display=popup&ref=plugin&src=share_button&app_id=1153511048447777) [Share this article on Twitter](https://twitter.com/intent/tweet?url=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/&text=Vince%20McMahon%E2%80%99s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film&via=thr) [Share this article on Email](mailto:?subject=thr%20:%20Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film&body=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/%20-%20Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film) [Show additional share options](#) [Share this article on Print]() [Share this article on Comment](https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/#respond) [Share this article on Whatsapp](whatsapp://send?text=Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film%20-%20https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/) [Share this article on Linkedin](https://www.linkedin.com/shareArticle?mini=1&url=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/&title=Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film&summary&source=thr) [Share this article on Reddit](https://www.reddit.com/submit?url=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/&title=Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film) [Share this article on Pinit](https://pinterest.com/pin/create/link/?url=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/&description=Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film) [Share this article on Tumblr](https://www.tumblr.com/widgets/share/tool/preview?shareSource=legacy&canonicalUrl&url=https://www.hollywoodreporter.com/business/business-news/vince-mcmahon-wwe-sale-severance-life-rights-1235364772/&posttype=link&title=Vince%20McMahon’s%20Unusual%20New%20WWE%20Contract%20Gives%20Him%20the%20Right%20to%20Adapt%20His%20Own%20Story%20for%20Film) [WWE](https://www.hollywoodreporter.com/t/wwe/) executive chairman [Vince McMahon](https://www.hollywoodreporter.com/t/vince-mcmahon/) is in line for a multimillion-dollar payout on top of his $2.6 billion stake — and the rights to his life story — in the event that his company gets sold.
WWE executive chairman Vince McMahon has a new employment agreement that will pay him as much as $7.6 million this year; additionally, he will receive a ...
McMahon character he plays in WWE storylines. WWE (NYSE: WWE) detailed the executive’s new [compensation](https://www.sportico.com/t/compensation/) agreement in a regulatory filing Friday morning. Along with that potential $8.7 million (or greater) pay out, any unvested equity awards will also immediately convert into shares. His 28.7 million total shareholdings in WWE are worth $2.6 billion, based on Thursday’s closing price of $90.60. He also gets 20 vacation days and three personal days annually. [WWE](https://www.sportico.com/t/wwe/) executive chairman [Vince McMahon](https://www.sportico.com/t/vince-mcmahon/) has a new employment agreement that will pay him as much as $7.6 million this year; additionally, he will receive a rich pay package should he leave the company if it’s sold.
Vince McMahon is set to attend WrestleMania 39 and he'll be doing so as an official employee of the company per a new SEC filing.
As part of the new agreement, Vince will receive an annual base salary of $1.2 million. who quotes a new filing with the SEC, "Vince McMahon entered into a new employment agreement with WWE as of Wednesday." It has been revealed that McMahon was officially re-hired by the company as an employee this week.
McMahon will earn a base salary, stock equity and more incentives.
Solidifying his return to WWE, Vince McMahon has a new employment deal with the company that will pay him a $1.2 million base salary.
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So you thought Vince McMahon was only sticking around for those sale and media rights negotiations, did you? It seems McMahon has other ideas.
Rumors that McMahon is [back in control](https://www.patreon.com/posts/wwe-sale-rumors-80690613) have spread throughout not only the WWE locker room but the AEW locker room as well. McMahon has [reimbursed WWE](https://bleedingcool.com/tv/vince-mcmahon-pays-wwe-hush-money-costs-may-pay-more-in-future/) for over $17 million in payments and agreed to consider future reimbursements if more payments are made or discovered. [continued to make payments](https://bleedingcool.com/tv/vince-mcmahon-pays-multimillion-dollar-settlement-to-rita-chatterton/), including one to Rita Chatterton, the WWE's first-ever female referee, who accused McMahon of sexual assault in the 1980s. [spotted backstage](https://bleedingcool.com/tv/vince-mcmahon-reportedly-backstage-at-wwe-raw-sporting-mustache/) during an episode of WWE Raw sporting a mustache, though he hasn't regularly attended WWE shows since his return. But like the wrestling world's own Rasputin, when it comes to an almost supernatural ability to survive scandals, he [returned to power](https://bleedingcool.com/tv/wwe-sec-filing-details-vince-mcmahons-power-grab/) in early 2023. Well, folks, it looks like the saga of Vince McMahon's return to power at WWE will continue for the foreseeable future.
Vince McMahon's two-year World Wrestling Entertainment contract would give him a handsome severance package and the rights to his "life story" if the ...
[WWE HIRES FIRMS TO EXPLORE ‘STRATEGIC ALTERNATIVES’ IN NEXT STEP TOWARD POTENTIAL SALE: REPORT](https://www.foxbusiness.com/sports/wwe-hires-firms-to-explore-potential-sale-report) [CLICK HERE TO GET THE FOX NEWS APP](https://www.foxnews.com/download) [Fox Business has reached out to WWE](https://www.foxnews.com/category/organization/wwe) for comment. She resigned in January, leaving Nick Khan as sole CEO. [CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM](https://www.foxbusiness.com/category/sports) [the company](https://www.foxnews.com/category/sports/pro-wrestling) is sold, and he retains the exclusive rights to his "life story." [looking to sell the company,](https://www.foxnews.com/sports/vince-mcmahon-plotting-return-wwe-intends-sell-company-report) and McMahon could get at least $11 million in a severance package, according to The Hollywood Reporter.
Kelly Kelly, also known as Barbara Blank, was a regular in WWE until 2012 and was renowned for her striptease entrance – known as Kelly's exposé – a routine ...
“We had to go and show Vince,” she said. “And he told me ‘it’s just a storyline to get your foot in the door. “And I just thought ‘well I’m not going to say no. “And Vince had his own… Adding: “Paul Heyman called me and he’s ‘Barbie I have this idea for you. “And I remember being like ‘this is somebody that I used to watch when I was a kid.’ And this is Vince McMahon, teaching me how he wants me to do this dance and striptease.” “They wanted me to watch the Carmen Electra dance tapes,” she revealed. “I’ve been dreaming about this journey to motherhood for so long and starting a family with my incredibly supportive husband, Joe.” “I am feeling amazing,” she told Entertainment Tonight. [WWE](https://www.dailystar.co.uk/latest/wwe) supremo [Vince McMahon](https://www.dailystar.co.uk/latest/vince-mcmahon), 77, taught her to “dance and striptease”. But we think it’s a good idea,'” Blank added. “I was only in developmental for literally two months,” she said
From his retirement, business dealings, to current position, here is all you need to know about Vince McMahon's status in WWE.
Later reporting said McMahon [agreed to pay](https://www.sportingnews.com/us/wwe/news/wwe-vince-mcmahon-reportedly-12-million-hush-pact-16-years/dklp1fm6zhfgpixl6ubbewxy) "more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity." [stepped down as CEO](https://www.sportingnews.com/us/wwe/news/vince-mcmahon-retire-wwe-pro-wrestling-hush-pact/bli9eouvqqvsujfbbp5luvft) of the company but continued to hold creative control of WWE. [Brandon Thurston of Wrestlenomics](https://twitter.com/BrandonThurston/status/1550582194657165313?s=20&t=OFzMDZ47SZnNsz2P48p18g) later reported that McMahon would no longer have creative control after he told everyone he retired from the company. A lot of folks help me to help run the WWE.“ Those rumors have attempted to be dispelled by higher-ups in WWE. [All you need to know about WWE WrestleMania 39](https://www.sportingnews.com/us/wwe/news/wwe-wrestlemania-39-dates-start-time-odds-ppv-schedule-card/dhymqdfuuyqhpk90xnmoa0bi) In January, Stephanie announced her resignation from the company, just as Vince unanimously was voted back in as executive chair on the Board of Directors. That gives him the right to have a say in any biography, life story, and all other rights of publicity and persona relating to himself or the McMahon WWE character. "There’s only one person who actually runs the WWE, Vince McMahon. McMahon indicated any potential sale or rights deal couldn't get conducted without his involvement. The deal is retroactive to January 9, 2023, when he reinserted himself on the Board of Directors. Along with a base salary of $1.2 million, McMahon could receive a $2.4 million lump sum payout.
From his retirement, business dealings, to current position, here is all you need to know about Vince McMahon's status in WWE.
Later reporting said McMahon [agreed to pay](https://www.sportingnews.com/us/wwe/news/wwe-vince-mcmahon-reportedly-12-million-hush-pact-16-years/dklp1fm6zhfgpixl6ubbewxy) "more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity." [stepped down as CEO](https://www.sportingnews.com/us/wwe/news/vince-mcmahon-retire-wwe-pro-wrestling-hush-pact/bli9eouvqqvsujfbbp5luvft) of the company but continued to hold creative control of WWE. [Brandon Thurston of Wrestlenomics](https://twitter.com/BrandonThurston/status/1550582194657165313?s=20&t=OFzMDZ47SZnNsz2P48p18g) later reported that McMahon would no longer have creative control after he told everyone he retired from the company. A lot of folks help me to help run the WWE.“ Those rumors have attempted to be dispelled by higher-ups in WWE. [All you need to know about WWE WrestleMania 39](https://www.sportingnews.com/us/wwe/news/wwe-wrestlemania-39-dates-start-time-odds-ppv-schedule-card/dhymqdfuuyqhpk90xnmoa0bi) In January, Stephanie announced her resignation from the company, just as Vince unanimously was voted back in as executive chair on the Board of Directors. That gives him the right to have a say in any biography, life story, and all other rights of publicity and persona relating to himself or the McMahon WWE character. "There’s only one person who actually runs the WWE, Vince McMahon. McMahon indicated any potential sale or rights deal couldn't get conducted without his involvement. The deal is retroactive to January 9, 2023, when he reinserted himself on the Board of Directors. Along with a base salary of $1.2 million, McMahon could receive a $2.4 million lump sum payout.
Vince McMahon has returned to the WWE after penning a two-year contract to serve as Executive Chairman and be part the Board of Directors.
On the contrary, they would welcome the return of Stephanie McMahon. [WrestleMania 39](https://www.marca.com/en/wwe/2023/04/01/6427647422601d0c328b45cf.html) as part of the star cast in the great event of the American fighting company. [WWE](https://www.marca.com/en/wwe.html) after penning a two-year contract to serve as Executive Chairman and be part the Board of Directors. [Rey Mysterio's career comes full circle during WWE Hall of Fame night](https://www.marca.com/en/wwe/2023/04/01/6427b0da268e3ea41b8b4597.html) [Cody Rhodes favorite against Roman Reigns; one stat favors him at Wrestlemania 39](https://www.marca.com/en/wwe/2023/03/30/642566d8ca4741bd418b45ab.html) - WWE.
McMahon has been the chairman and CEO of WWE since 1982. A third generation wrestling promoter, he grew up in North Carolina. It was his father that created ...
However, if McMahon intends to terminate his employment, he shall provide WWE with at least 60 days advance written notice.” It also grants him the rights to his life story in the event that the company gets sold. In a statement, WWE have said: “WWE and its board of directors take all allegations of misconduct very seriously. McMahon has been the chairman and CEO of WWE since 1982. So who is Vince McMahon and why did he step down? Advertisement Its success has made McMahon a billionaire with a net worth of $2.9 billion according to