Source: Wrestling Observer Newsletter

In a cost-cutting measure, World Wrestling Entertainment released "Superstar" Billy Graham, 65, from his $2,000 per month level consulting contract this past week saving $24,000 annually.

The WWE Hall of Famer was given 90 days notice that the company was canceling the contract with one year remaining on it.

The move is said to be similar to what they did with fellow Hall of Famer Afa Anoa'i, Sr. a few weeks ago. The father of former WWE wrestler Manu was told that the company was re-evaluating all deals of that type as a result of the waning economy.

There is fear within WWE right now that cuts could be on the way with the annual 'spring cleaning'. This normally happens this time of year following the WWE Draft.

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