WWE vs.................Denver Nuggets???

[moon]

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).

If that is the case why hasn't the Pepsi Center or the Nuggets come out and said "as per the contract we will being doing X"?

And why did Vince McMahon go on and on about what a poor business man Kroenke is? Say what you want about Vinec but he isn't an idiot and wouldn't have said all this if he knew in the contract there was a clause the would easily have him booted out.

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.

The problem is that just paying for the costs of holding it in a different venue isn't close to being fair compensation. It would be a huge inconvenience and pain in the ass not only for the WWE to move the show somewhere else but also for all those fans who planned on going as well.

They would need to give the WWE a lot more than just the cost to hold it somewhere else.

Vince McMahon is just a blowhard trying to get some publicity for his (hopefully) dying product.

Is this the same dying product that had 536 million in revenues last year which was an increase over 2007? and the same blowhard that took a regional break even company and made it into a major international company that makes hundreds of millions of dollars each year?

[Gozer]

The condescension the WWE gets from rabid fans of other sports fans is shameful.

[Clever_Iggy]

Originally Posted by moon

The problem is that just paying for the costs of holding it in a different venue isn't close to being fair compensation. It would be a huge inconvenience and pain in the ass not only for the WWE to move the show somewhere else but also for all those fans who planned on going as well.

They would need to give the WWE a lot more than just the cost to hold it somewhere else.

If the Pepsi Center told the WWE to take a hike, they would be in breach of their contract. Damages are what would have been earned by WWE at the Pepsi Center. If the Pepsi Center says, hey, hold the event at this alternate location and we'll pay for the difference in the lease. The WWE makes all tickets transferrable to the new venue, it hosts the same event and earns whatever it is that night. Any difference that the WWE can prove (not speculate) would be up to the Pepsi Center to compensate.

Looking at it from the Pepsi Center's point of view - if there's no budge from the NBA and its contracts with networks and if the WWE is not willing to compromise, then you have to side with your larger money maker, your long term tenant and your bigger market audience.

As for slamming the WWE, Gozer, I still think wrestling is an amazing show. I have ties that are closer to wrestling than most and therefore I appreciate the athletic and showmanship aspects of it. My dislike is for the WWE and how its run... not wrestling itself.

The Pepsi Center's lawyers should have been smarter and written a better lease than that. The WWE is in the right, however, they simply are just not as important as the NBA or the Nuggets to the Pepsi Center.

[Flamesguy_SJ]

Originally Posted by killer_carlson

TSN reports that last week the NBA finals were the top 7 watched shows on cable TV.

The WWE was 8th and 9th.

Vince's tv ratings play a big card here. THey have to provide the show to honor their committment to their networks. This is not a simple Dora the Explorer type of thing that is being pushed out of the way. There is loads of money at stake.

McMahon is a real dink (as per Brett Hart's book) and will milk this for every last nickle. I can even see him sending a bunch of wrestlers to the doors of the venue next week just to push the envelope. I'll bet a few bucks that at some point this week there will be clips of WWE wrestlers trying to get into the Nuggett's practice facility or something like that.

If the sole thing you are basing your opinion on is Bret Hart's book, you're in a lot of trouble. Not saying he isn't right, and I know that there are obviously going to be a lot of Bret "marks" around here, but I think everything he ever says should be taken with a gigantic grain of salt.

Anyways, I think WWE is quite obviously in the right, but Vince is going about this completely the wrong way. He's still under the impression that any kind of mainstream press is good mainstream press, but always just ends up making the WWE look bush-league and lowers it to everyone else's expectations.

[OILFAN #81]

http://www.tsn.ca/nba/story/?id=279370

WWE will hold the show in LA @ Staples Center so Lakers/Nuggets will still be played as planned.

[JayP]

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.

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.

[SebC]

Originally Posted by Gozer

The condescension the WWE gets from rabid fans of other sports fans is shameful.

Objection! I see what you tried to pull there...

Nuggets don't set the dates, NBA does. Conditional but pre-set. Nuggets/Colliseum shouldn't have made that date available to the WWE. Their mistake.

Originally Posted by JayP

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.

As per above, they'll be in Denver August 7th.

[Clever_Iggy]

Originally Posted by JayP

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.

What does "pay out the WWE for breaking their contract" mean? Is there some legal theory that requires a simple payout upon breaking of a contract? I was always under the impression that in a breach of contract action, the breachor is liable for all damages stemming from the breach. If that is the cost of not having an event or the cost of having to move it to another location, that is what the WWE can collect. Not a "pay out" for "breaking their contract."

If the WWE was going to collect $1,000,000 in total revenue from the Pepsi Center, but was moved to another location and only could collect $800,000 total revenue, than the Pepsi Center is liable for $200,000 (plus other expenses like travel, ticket changes, etc...). Not $200,000 plus the standard "breaking the contract" pay out.

Originally Posted by JayP

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.

This is true, but the NBA scheduled the games, not the Nuggets. The Pepsi Center, IMO, had no option but to go with the tenant that overall is going to give them far greater revenue for 1 event let alone over the course of the Nuggets tenancy.

Bottom line, the WWE moved and the Nuggets didn't. Either there was a provision in the contract that allowed the Pepsi Center to chose the Nuggets, or the cost to break the lease agreement with the WWE was worth it.

[killer_carlson]

Originally Posted by Flamesguy_SJ

If the sole thing you are basing your opinion on is Bret Hart's book, you're in a lot of trouble. Not saying he isn't right, and I know that there are obviously going to be a lot of Bret "marks" around here, but I think everything he ever says should be taken with a gigantic grain of salt.

Anyways, I think WWE is quite obviously in the right, but Vince is going about this completely the wrong way. He's still under the impression that any kind of mainstream press is good mainstream press, but always just ends up making the WWE look bush-league and lowers it to everyone else's expectations.

I was living in calgary when owen hart was being humiliated on a weekly basis by mcmahan, ultimately killing him.

that\s a big factor as well.

i read brett's book and chris jericho's. i'm left with the impression brett's rings pretty close to the truth.

[JohnnyFlame]

Originally Posted by Flamesguy_SJ

If the sole thing you are basing your opinion on is Bret Hart's book, you're in a lot of trouble. Not saying he isn't right, and I know that there are obviously going to be a lot of Bret "marks" around here, but I think everything he ever says should be taken with a gigantic grain of salt.

Anyways, I think WWE is quite obviously in the right, but Vince is going about this completely the wrong way. He's still under the impression that any kind of mainstream press is good mainstream press, but always just ends up making the WWE look bush-league and lowers it to everyone else's expectations.

I don't think he is going about it the wrong way whatsoever. The publicity is perfect. The angle with probably the Nuggets owner(some guy who looks like him) wearing a Nugget jersey and being pounded in front of some LA fans is classic wrestling material. There was a clip on the sports this morning showing Vince and Triple H and it was a good promo. The bush league thing is what? It ain't the freakin opera you know. It's an entertainment industry and he is one of the best promoters they have ever had. And this incident just fits in perfect for his schamltz.

[mykalberta]

If I was the WWE I would take this to court from a monopoly side of things.

The Nuggets and the Pepsi Center are owned by the same group. Couldnt an argument be made from the WWE that the NBA/Nuggets are trying to push them out of the market. They are in the same buisness - Entertainment.

Also, playoff dates arent set in stone beofe the playoffs begin. The NHL does that yes, but the NBA is more flexible because of the TV revenue. Had all previous series ended in 4 game sweeps, you wouldnt have a 6+ day layoff, they would have started them earlier.

This is why I think the WWE might have a case.

I see they have moved to LA. I would like to see what the ramifications are of the Pepsi Centre breaking the contract. Why would any event book a date ahead of time with any venue controlled by a major tenant when at any time they can be booted out?

Also, the Pepsi Center isnt at fault as the date was booked more than a year agao. What are they or any other facility supposed to do, keep open dats on the off chance they might be used? To me this blame falls squarely on the NBA. They NHL modified its sked for the Pitt/Washington series - why wouldnt the NBA - could it be that the WWE cleans their clocks every Monday durring the regular season.

[Clever_Iggy]

Originally Posted by mykalberta

If I was the WWE I would take this to court from a monopoly side of things.

The Nuggets and the Pepsi Center are owned by the same group. Couldnt an argument be made from the WWE that the NBA/Nuggets are trying to push them out of the market. They are in the same buisness - Entertainment.

Also, playoff dates arent set in stone beofe the playoffs begin. The NHL does that yes, but the NBA is more flexible because of the TV revenue. Had all previous series ended in 4 game sweeps, you wouldnt have a 6+ day layoff, they would have started them earlier.

This is why I think the WWE might have a case.

I see they have moved to LA. I would like to see what the ramifications are of the Pepsi Centre breaking the contract. Why would any event book a date ahead of time with any venue controlled by a major tenant when at any time they can be booted out?

Also, the Pepsi Center isnt at fault as the date was booked more than a year agao. What are they or any other facility supposed to do, keep open dats on the off chance they might be used? To me this blame falls squarely on the NBA. They NHL modified its sked for the Pitt/Washington series - why wouldnt the NBA - could it be that the WWE cleans their clocks every Monday durring the regular season.

Yup, the WWE definitely has a case that the Pepsi Center has monopolized "entertainment." Look for the Nuggets to have to pay a huge judgment to the WWE for unfair business practices. If there's a bullet proof lawsuit out there, this is it. Lawyers, start your vulture like circling.

Apparently, accommodations were made at the Denver Coliseum where WWE could have held its event (capacity 10-12,000 which is about the number of tickets WWE says it sold). This would have allowed Denver fans to see the show, on the same night, with little inconvenience. Instead, McMahon moved it to the Staples Center and told the Denver fans their tickets are good for a non-televised house show in August (because the WWE will never be back to Denver after this!!!!)

Vince McMahon is a total pylon. He took this common double booking issue, blew it out of proportion for 15 more seconds of mainstream news exposure. I loved wrestling and was involved with it for a couple years. But the WWE and Vince McMahon are just pathetic. No matter how you slice it, the Nuggets and the NBA are more important and if they were forced to play back-to-back for a WWE event that would hold approximately 10-12,000, there would have been major criticisms.

This article sums up a lot of what I said, and think:

http://sportsillustrated.cnn.com/200...wwe/index.html