Vince McMahon Orders Eight-Figures In Budget Cuts, More Talents To Be Released

Word going around is that Vince McMahon has ordered major cutbacks across the board in WWE, far beyond the cuts that have taken place so far.

The dollar figure floating around that McMahon would like to slice off of the current budget is said to be into the eight figures, meaning tens-of-millions of dollars.

The motivation for the cuts is to offset the losses involved in starting up the WWE Network, as well as offsetting the amount involved in the new television deal, as the company had promised a significantly larger number prior to finalizing their current deal.

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(Credit: Wrestling Observer Newsletter)