- A new Las Vegas-based wrestling promotion called the Classic Wrestling Federation is in the planning stages. The promotion has been contacting potential talent trying to get them signed to letters of intent in working for the promotion if/when it officially launches. The plan, according to what talent is being told, is for the promotion to partner with a casino and run wrestling shows up to six days a week in order to produce between thirty-six and forty-four hours of original TV.
The letter of intent states, "The purpose of the CWF project is to return to American culture the classic sport of wrestling as made popular by the likes of Bruno Sammartino, George Steele, Triple H, Andre the Giant, Baron Von Raschke."
The letters have been provided to several potential talents by Shane Douglas and Cody Michaels, and note that the promotion might expand to live arena shows "with an initial focus" on the Pennsylvania region. The letter also notes that the CWF "intends to set base pay for our wrestler athletes and on-air talent higher than current alternatives, to offer health insurance benefits or stipends, a 401k retirement plan and other benefits, and to create a profit-sharing plan where all athletes share in the success of the company. In addition, CWF intends to make a percentage of television revenue available to retiring wrestlers in the form of a company-operated pension plan."
There is no timetable mentioned for a possible launch.
Credit: PWInsider
Read more at http://www.411mania.com/wrestling/news/317592/New-TV-Based-Wrestling-Promotion-Forming-in-Las-Vegas.htm#ofPGv0W9vPQkdzEL.99
