Booker T took some time on his Hall of Fame podcast to talk about how he negotiated his way into a very nice contract with WCW, prior to the company’s sale.
Discussing the process and how much they were offering, Booker T recounts:
“I remember being asked how much was it going to take to keep me in WCW. I go, ‘How much am I worth?’ They came back with a number well above what I was thinking of. ‘You’re kidding me, right?’ I was like, Wow, they think of me that much. I can tell it, it was $750,000. My next contract, it was $1.3 million. If the company wouldn’t have folded, my next contract was $1.3 million. It was a great time back then, Eric Bischoff was making us all rich.”
WCW would ultimately be sold to WWE in March 2001, with Booker T and several other talent joining the roster of their new employer for the “Invasion” storyline that took place over the summer and autumn of that year.
Source: Fightful