There's been a lot of controversy lately about all of the concussions in the NFL and the long-term effects on player health. Well, pro wrestlers have a death rate 20 times higher than that of NFL players -- pro football has only lost six players directly from injuries since 1970 (and Major League Baseball has only had one since 1921). Meanwhile, between 1997 and 2004, 65 wrestlers died from heart attacks, growth enhancement abuse, and other causes directly related to wrestling. This isn't to downplay the health problems other athletes suffer -- long-term effects of head injuries are terrible no matter how you got them. The point is, only one of the above is thought of as a fake sport.
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When I wrestled, $50 a night was considered a good night. In the independent leagues, that's about as good as it gets, other than a few exceptions (such as if the wrestler is well known and loved, like when Raven left the WWE to go back to being an indie wrestler in 2003). So unless you work at the top echelon in the WWE or TNA (which is extremely hard to break into) where the top people make upwards of $10 million a year, you are not going to make a living from working as a wrestler. It's like a pyramid, where only the few guys at the very top get to make big money and become beloved stars of the silver screen.
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Even in the WWE, the pay for most wrestlers isn't great. Not everyone you see on screen is a well-paid regular -- local wrestlers are hired all the time for shows, often not even to wrestle. Sometimes scripts call for "security guards" or some other extras to get in on the action, like if the story involves a fight breaking out backstage, and nine times out of 10 local wrestlers are hired for that event. A lucky few get to enter "squash matches" where they get to fight a billed wrestler (and lose badly, to make the star wrestler look strong). I know some wrestlers who worked for the WWE in a few minor appearances; the top pay was around $3,000 for the tournament. While that is a quick buck, remember, most of these wrestlers then have to go right back to their regular jobs.
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Even among the headlining wrestlers in the WWE, the guys who are taking home six figures have to deal with the fact that A) you can't do this job forever and B) the WWE has no health insurance. So all those horrific daily injuries? Well, let's just say that "huge" salary diminishes with all the medical bills. Want to buy health insurance for yourself to cover them? Make sure you're sitting down when they tell you what your premiums are once you tell them what you do for a living.