posted on Apr, 18 2004 @ 07:10 AM
New Update
Steve Austin, his lawyers, and WWE had been negotiating for the past several weeks until things came to a halt last week when Austin wanted the rights
to the 'Stone Cold' name for outside WWE projects. Austin also wanted to be able to pick and choose which projects he did and not share royalties from
outside projects with WWE.Steve hired a very tough attorney that was willing to fight and chose to play hardball with WWE and Vince McMahon. The two
sides could not reach angreement after several heated meetings.
Believe it or not, many people backstage in WWE felt this could be the end of Austin before it even started. We were very touchy on what we reported
as the matter could have been resolved in minutes. WWE has left the door open for Austin to return to the company.There has been some reports that
Austin wanted to leave WWE anyways to work Japan with Goldberg. Although Austin has been talking with Bill about working for PRIDE, the talks only
started when WWE contract talks went sour. As it stands right now, Goldberg has a HUGE deal with PRIDE and he feels Austin can make the same.
There was a meeting in Texas last week (we are not sure of the day) for Austin to review his options with Japanese officials. Japan is definitely an
option for Austin but he did not choose them over WWE. It should be pretty obvious that WWE didn't want Austin working for another promotion that
would be running a PPV in the United States.There is no truth to the reports that WWE released Austin due to the recent domestic situation. This thing
was completely contracted related and WWE tried diligently to get a new deal done.