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Eric Bischoff Reveals Virgil’s WCW Salary

Virgil

• OLD SCHOOL VIDEO HISTORY (November 26, 1988) – WWF Superstars of Wrestling

On this day in 1988, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Superstars of Wrestling’.

This episode was pre-taped at the Baltimore Arena in Baltimore, Maryland and featured matches, promos & storyline segments on the road to the ‘WWF Royal Rumble 1989’ PPV.

Here’s the card:

1. Jake Roberts vs. John Latu

2. Mr. Perfect vs. David Stoudimiere

3. Ultimate Warrior vs. Barry Horowitz

4. Rick Rude vs. Bill Woods

5. King Haku vs. Hercules

6. Young Stallions vs. Bubba Kirk & Max McGiver

7. Big Bossman vs. David Isley

• Eric Bischoff Reveals Virgil’s WCW Salary

During a recent edition of 83 Weeks podcast, former WCW President Eric Bischoff revealed that Virgil’s salary in WCW was $138,000 a year.

Bischoff then discussed that while that number might sound high to a normal person, but it wasn’t all that high for an independent contractor:

“First of all he wasn’t that expensive. He was a recognizable character; he had name value, he was recognized for all of the time that he spent in WWE, or WWF at the time. He was a talented guy. He wasn’t getting high seven figures, or mid-six figures.

Look, I know people sitting at home that are working at most normal, non-entertainment jobs hearing those numbers thinking that it was a ton of money, but keep in mind that they are independent contractors, which means that they are taxed at 38% at that.

They have to pay for most of their own expenses on the road, especially a guy like Virgil did, so as much as $138,000 a year sounds like a lot of money and it is, until you start deducting taxes and road expenses, it really wasn’t that much money who spent as much time as Virgil had on WWF television.”

        
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