Thursday, November 13, 2014

Albert Del Rio’s Settlement with WWE Included Financial Settlement

The Wrestling Observer Newsletter has more details over the settlement that was reached between WWE and Alberto Del Rio with regards to the non-compete clause in his WWE contract. Del Rio is currently with AAA.
Both sides came to agreement on several terms. Del Rio agreed not to sue the WWE and agreed to not make any more negative comments toward WWE in the media. This would include Del Rio’s allegations of racism in the company.
In exchange, WWE reportedly gave Del Rio a financial settlement. His non-compete clause was dropped, and he is now free to pursue other wrestling bookings outside of the WWE. The settlement apparently came about at the last minute. The report indicates that WWE at one point might have been asked to issue an apology for the allegedly racist comments made by company employees.
Del Rio reportedly agreed to parts of the written settlement agreement with regards to the financial issues and his non-compete clause, but he did not push for WWE issuing an apology.
The report goes on to state that WWE wanted the issue taken care out of concern for their Hispanic audience. WWE did not want to tied to any claims of racism against Hispanics.

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