Quote:
Originally Posted by Clever_Iggy
As for myk, yes a contract is a contract, but you don't know what's in the contract. Perhaps there's a provision in the contract that allows the Pepsi Center to move events like the WWE for other tenants (like basketball).
Or, the Pepsi Center looked at the differential in revenue between the two events and told the WWE to beat it and that their contract isn't worth fulfilling. Find another venue (like Colorado Springs, as mentioned) and the Pepsi Center will pay for any difference in cost for the lease. Minimal damages.
Vince McMahon is just a blowhard trying to get some publicity for his (hopefully) dying product.
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I don't watch wrestling, but I doubt something that consistently draws good attendance figures like the WWE is going to sign a contract that lets them get kicked out of an arena with less than a week's notice.
It's hard to say what the difference in revenue would be factoring in the fact that they will likely have to pay out the WWE for breaking their contract. Even so, I would bet it's a long time before the WWE ever comes back to the Pepsi Center and that loss of revenue is pretty significant.
It's pretty ridiculous that a professional sports team could actually send incorrect booked dates for their arena to the league.