As noted several days ago, The Undertaker has signed a new contract with WWE. It's unclear if Taker plans on wrestling more than just the match in Saudi Arabia (believed to be against Elias) in early June or if the contract is just for appearances. It's no secret that WWE was not happy after learning that Taker signed on to appear at Starrcast II and the Inside The Ropes events in the UK. The new deal essentially prevents other companies from booking Taker but he will keep his Starrcast commitment and will still do the meet and greet for Inside The Ropes. He was supposed to do a Q&A but WWE was able to pull him away from that but Taker insisted on keeping his promise to do the meet and greet.
In the latest Wrestling Observer Newsletter, Dave Meltzer noted that Taker thought his career was over after the match in Australia where he teamed up with Kane against Triple H and Shawn Michaels. That is why he started lining up non-WWE appearances for meet and greets, something he has never done before outside of WWE.
Vince McMahon got mad about the Starrcast II booking but things calmed down and WWE made him an offer he couldn't refuse financially.
The feeling in WWE was that they never thought Taker would take non-WWE bookings. Taker was commanding $20,000 to $25,000 per hour and WWE had no idea that type of money would be available to a non-WWE talent.
Taker had other offers for appearances, including one from Wrestlecon, but his new WWE contract prevents him from booking additional appearances.
News from The Wrestling Observer website was used in this post. For more on this story please visit WrestlingObserver.com. Dave Meltzer and Bryan Alvarez' WrestlingObserver.com is the leading source for professional wrestling news. Click here for subscription information. Members get exclusive access to insider news from Dave Meltzer and Bryan Alvarez, daily audio shows, breaking news audio, the Wrestling Observer newsletter, newsletter archives, thousands of hours of archived radio shows, and much more.