World Championship Wrestling President Eric Bischoff was on the top of the world as WCW was ruling the Monday Night Wars in an enormous way. However, as fate would have it, WWE gradually measured up and overtook WCW, thereby claiming the viewership victory on Monday Nights and the rest is history.
However, Sean Waltman, better known by his ring name X-Pac, would not have been a part of WWE’s Monday Nights had WCW not released him via FedEx in 1998. Waltman would go on to be one of the most notable members of the most controversial stable in WWE history, D-Generation X.
“We had reached an agreement, handshake, letter of intent if you will. Basic terms to outline Sean’s new deal,” WWE-WCW-TNA legend Eric Bischoff said on the 83 Weeks podcast. “Of course that deal took a couple weeks perhaps a little longer. The wheels of the legal process turned slowly even back then. Again, Turner legal was separate necessarily from WCW so I didn’t have my hands around anyone’s throats. I couldn’t drag them down the hall kicking and screaming and telling them to get deals done quicker but it took time.”
“Then when Diana Myers who was the representative for Turner legal who worked inside of our office finally got around to getting the deal to Sean and [his agent] Barry they balked the deal and that just pissed me off. There was no way I could let that happen and if I were to have let that fly, if I would have re-negotiated after we had come to terms then it would have just been chaos even more than it already was.”
“So I said f-ck it, you’re outta here,” Bischoff admitted. “I intentionally wanted to make an example of Sean because at a certain point you have to draw the line and I drew it and I cut Sean loose. That was a mistake — well, it wasn’t a mistake. I was justified in doing it because that was just in my opinion it was just about holding someone up or real close to it, and I just couldn’t do it. But in doing so I really didn’t think it through. I was so hot, I was so pissed off and I was mainly pissed off at Barry more than Sean I’ll be honest with you.”
Waltman had indeed made a name and fortune in WWE. However, WCW seemed to have shot themselves in the foot as the company made the major mistake of firing the 1-2-3 Kid.