Longball I'd love to hear it as this is something I'm truly fascinated by at the moment, especially as TNA don't seem to have learned any lessons from it.
JCW the guaranteed contracts were one of the biggest reasons for the fact they started losing money hand over fist. People would drag out injuries or get themselves intentionally suspended and sit at home resting on a bed of money.
They also used to fly everybody in for TVs from all over the USA and Canada whether they would be on or not which meant 65% of the roster had sat on a plane for nowt, until the wrestlers got wise to it and started getting their mates to sign them in and sit at home getting paid.
A few people have said that towards the end WCW would have been losing less money by just not having anyone turn up, and just shovelling a few million dollars in used bills into a burning skip at the top of each hour of Nitro and showing that.
The product was so good, and yet a few rampant egos managed to bring the company to its knees, and once Billionaire Ted wasn't in a position to be their Guardian Angel, there was no option but to pull the plug.