2001 was an interesting year for pro wrestling to say the least. The once mighty WCW, who in its prime had dominated the WWF in TV ratings for over 80 weeks had clearly seen better days. Thanks in no small part to backstage politics, fallout from the AOL-Time Warner merger, god-awful angles, and even worse booking, the company that had been home to superstars such as Diamond Dallas Page, Lex Luger, Bill Goldberg, and Sting was on its last legs. With fans deserting the promotion on a weekly basis, the company losing millions of dollars a year, potential investors pulling out, and advertisers pulling ad space, WCW was clearly running on borrowed time. Meanwhile in Philadelphia, Paul Heyman’s ECW was undergoing a similar financial crisis. Since its inception in the early 90s, ECW’s bloody matches, homegrown superstars, and controversial storylines have gained the promotion a cult following, and was credited with supplying the blueprint for what made the WWF popular during its Attitude era. Even so, the fact remained that Heyman just didn’t have the money nor the muscle to compete with McMahon or Bischoff. The loss of their TV deal and the constant talent raids by WCW and the WWF did little to help matters. With worker’s paychecks bouncing on a regular basis, and wrestlers departing for the big time, ECW too would be shortly be becoming just a memory….
…until Vinnie Mac saved both brand names by buying out both companies for next to nothing and retaining some of their better workers. After that, Vince screwed up the whole thing by eschewing the dream matches fans wanted to see and instead presenting some of the worst inter-promotional booking ever seen, but that’s another story. Vinnie Mac had finally done what he had set out to do: monopolize mainstream North American pro-wrestling by either absorbing or eliminating his competitors. No one believed that anyone would ever step up to take on McMahon at his own game ever again. No one that is, expect for Jerry Jarret and his son Jeff Jarret.
Now Jeff was not new to the wrestling business. In fact he was a longtime performer for the WWF after gaining popularity as a local star. He was also part of WCW during its final days, where he even had a run as the world champion (before losing it to David Arquette. Yes, that David Arquette.). Instead of rejoining the WWE after the WCW buyout, the Jarretts began work on an all new promotion. Though it would begin life as an offshoot of the NWA, Jeff’s goal was to introduce an all new style of wrestling, one based around total nonstop action. Thus, TNA wrestling was born (not exactly my first choice for to name my newly created wrestling promotion, but I digress). The promotion would feature a six-sided ring, a revamped cruiserweight division (known as the X-Division), a more respectable women’s division, and a mix of new superstars and veterans. The promotion started out small, but then grew bigger, and gained a TV deal with Spike TV, as well as a video game deal with Midway, which brings up to this week’s $20 GOTW.
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