"Well, I've been asked for a Legends contract," said Steiner. "Unfortunately, my lawyer explained to me that it's not worth the paper it's written on."
WWE has promoted Steiner on a product as he is a playable character in WWE 2K14. Video game deals with former talent, however, are separate from WWE Legends contracts.
WWE Hall of Famer Bret Hart has also declined the Legends deal, and has no desire to sign one. He prefers to be "good friends" with WWE since he does not want to be owned by Vince McMahon's sports-entertainment empire.
"I think I'm one of the few guys that doesn't because—these Legends contracts sound great, but they own your soul. It's like signing your life to the devil," Hart told radio station 680 News in Toronto last summer. "I'm Bret 'the Hitman' Hart and I don't want to give WWE my name."
Hart continued: "It took me fourteen years of hard labor to own the rights to my name. That was one of the conditions when I left. To go back now and just give it to them - I'm doing fine with it on my own. I don't like to be owned by WWE; I like to be good friends with them."
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