We’re still quite a ways away from the relaunch of WWE Chairman Vince McMahon’s XFL, currently slated to begin in February of 2020. While the brand is currently on the lookout for bodies to fill positions for the league ranging from players to front office personnel and everything in between, more information on how much the reboot will cost McMahon has been revealed today.

Darren Rovell of ESPN, who spoke to the XFL’s new CEO and Commissoner Oliver Luck (read about his hiring here) is reporting that McMahon has been informing insiders he expects to spend roughly $500 million on the league for its first three seasons. Previously, Vince sold $100 million of his WWE stock to put into Alpha Entertainment LLC, which was created solely for the new XFL in order to keep it separate from McMahon’s wrestling company. Luck stated the following to Rovell regarding the amount of money being put into the project:

“People were focused on the $100 million, but the truth is that doesn’t even get us to the 20-yard line.”

Luck would also add that the biggest cost will be player and coach salaries as the average for a team’s 40-man roster is expected to be around $75,000, $30,000 more than the original XFL average. On top of that, insurance coverage to cover player injuries is said to hit more than $10 million per year for premiums.

EA’s Take: One thing nobody can never say about Vince is that the guy doesn’t have the “grapefruits” to take a roll of the dice on something he believes in. My biggest issue with all of this is how they’re going to compete with the NFL, on top of the also announced AAF headed by Dick Ebersol which is set to launch a year before the XFL. Personally, I love me some football, but I don’t even watch college. The NFL is so ingrained in me that I just see no reason why I would stop watching it or even WANT to watch another, lesser league. Does the NFL have its issues? Of course it does, but let’s be real here. If you have a favorite team like I do (New England Patriots, go ahead and hate on me haters), why would I go from watching the greatest quarterback who ever lived to tuning into a bunch of players that couldn’t make it to that league? That’s one of the problems the XFL had before and I’m sorry, I don’t see how that’s been fixed regardless of how many other original issues have been rectified. I certainly think the legalization of gambling could be a good thing for the XFL because people who are into that will bet on anything, so maybe that’s the “saving grace”? I guess we just have to wait and see.

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