Randy Savage officially signed with WCW in 1994, leaving WWE where he had been shifted to an announcing position.
However, WCW tried to make a big money play for Savage years prior.
"Savage was so popular with young kids. We tried to get Savage from Vince. [Jack Petrik] was at this meeting, and he couldn't go any higher, although I would have. I offered him half a million dollars and Petrik shut it down. Petrik was my boss, through Turner, and I would have gone higher. I thought he would have revolutionized our younger viewer and Petrik didn't want to bust the budget," said Jim Herd in an interview with Conrad Thompson on AdFreeShows.
Herd didn't provide a date on when they made an offer to Savage. Herd's tenure as Executive Vice President of WCW began in January 1989 and ended in 1992. Savage lost a retirement match to Ultimate Warrior at WrestleMania VII in 1991, though he remained with the company in a non-wrestling role.
Elsewhere during the interview, Herd discussed the infamous Spartacus gimmick that was rumored to be for Ric Flair. You can find his full comments by clicking here.
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