SPORTS ILLUSTRATED: Vince McMahon Commits $500 Million to New XFL

By JENNA WEST


WWE Chariman Vince McMahon is expected to spend $500 million on the XFL, according to ESPN.

After McMahon announced in January that he was re-launching the XFL, he sold $100 million in WWE stock to provide league funding. However, McMahon expects to spend around $500 million on the league in the first three seasons, reports ESPN.

“People were focused on the $100 million, but the truth is that doesn’t even get us to the 20-yard line,” league CEO and commissioner Oliver Luck told ESPN.

The biggest cost for the league will be salaries for the players and coaches. Luck said that average salaries for a 40-man roster would start around $75,000, but more popular players could earn more … Read the Full Story HERE


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