Several industry insiders are reporting that TKO is undergoing several contract restructuring at WWE, where several Superstars have been asked to take a pay cut.
PWInsider.com reports that one particular individual was asked to take a 50% pay cut and agreed. Dave Meltzer of the Observer added that none of the top stars have been asked to undergo a restructure of their deal.
The restructuring is what led to the departure of Kofi Kingston and Xavier Woods, the beloved duo known as The New Day. Both men were asked to take a pay cut on their current deal which was only signed last year and both refused to do so.
The pay cut seems to be ill-timed considering just a few weeks ago, the pay structure of the top TKO brass was revealed in a SEC filing, showing millions of dollars being paid to Ari Emanuel, Mark Shaprio, and Nick Khan.
It also comes at a time when WWE continues to announce record or near record revenues.
