Phones are ringing off the hook and I'm the one causing it as we try to get some more information regarding Hulk Hogan and Eric Bischoff signing with TNA. So far, very little is known about the contract terms. The couple of people I have spoken with so far assume (and pretty much expect) it to be a short-term deal.
It helps TNA, of course, with exposure by having the biggest star in the history of professional wrestling associated with your company. It helps Hogan with promotion for his book.
One source I spoke with started laughing as I read the press release TNA just released. "You know who this helps the most?" he told WrestleZone, "Eric Bischoff. Bischoff made a smart decision with his company (Bischoff Hervey Entertainment Television) as it positions him to have a close, working relationship with Kevin Kay and Spike TV".
Another person close to the situation told us that he was concerned about Vince Russo's future with the company. It has been regularly documented that Hulk Hogan and Eric Bischoff do not respect Vince Russo or his career within the industry. As TNA puts this over as an on-air position for Hulk Hogan (the recent TNA video promoting Hogan on Impact!), one can only speculate what Dixie and TNA agreed to in order for Hogan to sign on.
Whether Bischoff simply negotiated Hogan's deal and will work with TNA through BHE TV or whether he plans on having something to do with the creative end is still unknown. One source told us, "I doubt the agreement has Bischoff working with (TNA Creative) because I don't think he would do it, but if he did, Russo is already on his way out the door or will be momentarily".
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