Terrible Contract Signing #7: Master P
Perhaps one of the worst excesses contributed by Eric Bischoff during his tenure as Executive Vice President of World Championship Wrestling was hiring celebrities and musicians to million dollar contracts.
While it sort of made sense sometimes -- Dennis Rodman was a professional athlete, and therefore could at least work a halfway decent match -- other times you just had to wonder what in the world WCW was thinking. Such is the case with former world famous rapper Master P.
Master P was a big name in hip hop music at the time, but the WCW fanbase didn't trend toward that musical genre. The whole idea was for Master P to bring in new viewers who hadn't watched wrestling before. Instead, his appearances just made fans switch channels to WWE and helped them win the Monday Night War.
WCW has been notorious for splurging money which offered no return and this is just another example of how they added to their bottomline.