More details are now known about The Rock’s WWE talent contract that he signed upon joining the TKO Board this past January.
Wrestlenomics’ Brandon Thurston did some digging into Dwayne Johnson’s contract that was published as an exhibit this past February with WWE’s annual report.
Here’s a few of the highlights from what Thurston found in addition to some other notes:
- The contract allows Johnson to hire “third party service providers in connection with developing concepts, scripts, storylines” with WWE’s approval.
- As part of that process, WWE will reimburse Johnson’s Seven Bucks Entertainment for the costs of those service providers. One such person was named in the contract, but their name was redacted. That very well could be former WWE writer and Seven Bucks executive Brian Gewirtz who is a longtime Johnson collaborator.
- The deal is worth $30 million in TKO equity (“the Johnson Equity Award”) that vests on a schedule through the end of 2025. The vast majority of that award will be doled out by the end of 2024.
- Part of that equity is for Johnson licensing his name, likeness and “certain other intellectual property rights to WWE for use in connection with certain categories of licensed products related to professional wrestling for up to 10 years, subject to certain earlier termination rights.”
- That IP, which includes The Rock and nearly all of his famous catchphrases, cannot be used on things like political ads, alcohol, tobacco, marijuana, porn, or pop-up ads without Johnson’s approval.
- At the end of 2023, Johnson got nearly $491,000 for royalties and will continue to receive yearly royalties for the sale of products with the aforementioned IP.
After his return match on the first night of WWE WrestleMania 40, he confronted Cody Rhodes on the following Monday’s Raw to set up a future clash which could be quite a while from happening. Johnson is currently filming A24’s “The Smashing Machine” before moving onto production on Disney’s live action Moana film.
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- Further details on The Rock's WWE talent contract emerge
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