Vince McMahon’s New Contract Means He Can Bring His Story To Screen

STAMFORD, CT — In the event that the WWE, headquartered in Stamford, gets sold, executive chairman and former performer Vince McMahon will be entitled to a multimillion-dollar payoff in addition to his $2.6 billion stake, as well as the rights to his life story for TV and film, according to The Hollywood Reporter.

McMahon—who came out of a short retirement and rejoined the company's Board of Directors earlier this year—signed a new employment agreement with WWE this week as the company could potentially be put on the market, the outlet reported.

The agreement means McMahon "will have the exclusive right to communicate, convey, commercialize, license, or otherwise exploit his life story … including without limitation any books (memoir, biography, autobiography, etc.), articles or essays, audio recordings, audiovisual works (documentary, biopic, scripted program, dramatization, fictionalization, etc.) (the ‘Life Story Rights’),” the contract said, according to The Hollywood Reporter.

In addition, the contract allows McMahon, who WWE refers to as the "boss, big cheese, head honcho, high muck-a-muck, top dog, man upstairs, taskmaster, ringleader and kingpin all rolled into one," to have "wide leeway to tell his story without fear of a lawsuit from the WWE," The Hollywood Reporter said.

Read the full report at The Hollywood Reporter.

According to his biography, in the 1980s McMahon "transformed WWE from a regionally-run business into a national juggernaut."

"Whether in the boardroom or the ring, this titan of industry is belligerent, cocky and always spoiling for a fight ... and dammit, WWE fans respect him for it," the biography concluded.