mick foley said last week in a radio interview that he was leaning toward not signing an extension on his WWE legends contract. He explained the reasoning behind his decision today on Facebook, and it has to do with money, or lack thereof.
“It would be fair to say that, despite strong sales, I have found the payoffs for the past two video games to be extremely weak – in the 25% range of what most talent was expecting,” Foley wrote of his decision not to re-sign with WWE.
The legends deal gives WWE the right to market the likeness of performers on video games and action figures. Foley, who starred in WWE under his own name as well as the character names Mankind and Dude Love, figured to really make out when he signed his original deal with WWE. But last year’s cut from video game and action figure sales was down from what was expected, Foley said he was told, because the company that produced and marketed the video games went bankrupt.
“I haven’t heard this year’s explanation yet, but, personally. I think the #WWE just wants to see if the talent will accept a far lower percentage than had previously been given,” Foley said.
“If so, it would probably be a good business move for #WWE, since very few current wrestlers are going to jeapordize their standing with the company by offering resistance – and most legends will probably come to feel like anything they get from merchandise is better than nothing.”
Foley has a different perspective on these kinds of things.
“As for me, until I hear a valid reason, I’m opting out,” he said.
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