#3. A big change to talent independent contract status with Vince McMahon gone?
The "independent contractor" situation might end in WWE if Vince McMahon is gone. This is, however, if a major corporation takes over and has direct control. With the McMahon family still in power through anyone else, the independent contractor situation might still be intact. In case you're unaware, this is how Investopedia defines an "independent contractor":
An independent contractor is a self-employed person or entity contracted to perform work for—or provide services to—another entity as a nonemployee. As a result, independent contractors must pay their own Social Security and Medicare taxes. In addition, an entity that uses the services of an independent contractor is not required to provide them with employment benefits, such as health insurance and employer-sponsored retirement accounts, that the entity might otherwise provide were the contractor an employee.
This is a big problem within the company because Vince McMahon has long considered superstars as "independent contractors" and not "employees". However, they're still bound by several restrictions that one would as an employee.
Jon Moxley spoke to his wife Renee Paquette on her podcast about his issues with independent contractor term:
"When I was doing my taxes in WWE, because you're an independent contractor – which is not true – you're a fu--ng employee. So, you have to pay your taxes. In the developmental first couple of years, I didn't make that much money. I was able to do them myself on TurboTax," said Jon Moxley.
It's a highly-debated topic, but a big change with McMahon gone is the transition of WWE Superstars from independent contractors to employees.